A new trading day began on Friday, with Applied Materials Inc (NASDAQ: AMAT) stock price up 0.99% from the previous day of trading, before settling in for the closing price of $181.58. AMAT’s price has ranged from $132.77 to $255.89 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.55%. Meanwhile, its annual earnings per share averaged 6.01%. With a float of $821.84 million, this company’s outstanding shares have now reached $833.00 million.
Let’s determine the extent of company efficiency that accounts for 34000 employees. In terms of profitability, gross margin is 47.41%, operating margin of 29.02%, and the pretax margin is 31.4%.
Applied Materials Inc (AMAT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductor Equipment & Materials Industry. The insider ownership of Applied Materials Inc is 0.31%, while institutional ownership is 82.46%. The most recent insider transaction that took place on Jun 21 ’24, was worth 2,325,560. In this transaction Director of this company sold 9,827 shares at a rate of $236.65, taking the stock ownership to the 49,185 shares. Before that another transaction happened on Jun 18 ’24, when Company’s President, Semi. Products Grp. sold 50,000 for $249.17, making the entire transaction worth $12,458,500. This insider now owns 458,417 shares in total.
Applied Materials Inc (AMAT) Earnings and Forecasts
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 2.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.08% during the next five years compared to 22.34% growth over the previous five years of trading.
Applied Materials Inc (NASDAQ: AMAT) Trading Performance Indicators
Here are Applied Materials Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.69. Likewise, its price to free cash flow for the trailing twelve months is 23.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.90, a number that is poised to hit 2.19 in the next quarter and is forecasted to reach 9.67 in one year’s time.
Technical Analysis of Applied Materials Inc (AMAT)
Looking closely at Applied Materials Inc (NASDAQ: AMAT), its last 5-days average volume was 5.92 million, which is a drop from its year-to-date volume of 6.09 million. As of the previous 9 days, the stock’s Stochastic %D was 33.06%. Additionally, its Average True Range was 6.18.
During the past 100 days, Applied Materials Inc’s (AMAT) raw stochastic average was set at 13.97%, which indicates a significant increase from 11.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.30% in the past 14 days, which was higher than the 50.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $191.76, while its 200-day Moving Average is $203.18. However, in the short run, Applied Materials Inc’s stock first resistance to watch stands at $185.49. Second resistance stands at $187.61. The third major resistance level sits at $189.74. If the price goes on to break the first support level at $181.24, it is likely to go to the next support level at $179.11. Should the price break the second support level, the third support level stands at $176.99.
Applied Materials Inc (NASDAQ: AMAT) Key Stats
With a market capitalization of 152.68 billion, the company has a total of 824,404K Shares Outstanding. Currently, annual sales are 26,517 M while annual income is 6,856 M. The company’s previous quarter sales were 6,778 M while its latest quarter income was 1,705 M.
