Applied Materials Inc (NASDAQ: AMAT) on Friday, plunged -0.50% from the previous trading day, before settling in for the closing price of $175.75. Within the past 52 weeks, AMAT’s price has moved between $144.57 and $255.89.
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Annual sales at Technology sector company grew by 13.78% over the past five years. The company achieved an average annual earnings per share of 9.72%. With a float of $821.85 million, this company’s outstanding shares have now reached $833.00 million.
Let’s look at the performance matrix of the company that is accounted for 34000 employees. In terms of profitability, gross margin is 47.46%, operating margin of 28.95%, and the pretax margin is 30.0%.
Applied Materials Inc (AMAT) Insider Updates
Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Applied Materials Inc is 0.31%, while institutional ownership is 81.22%. 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) Performance Highlights and Predictions
As on 10/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.13 earnings per share (EPS) for the period topping the consensus outlook (set at 1.91) by 0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.23% during the next five years compared to 24.63% growth over the previous five years of trading.
Applied Materials Inc (NASDAQ: AMAT) Trading Performance Indicators
Applied Materials Inc (AMAT) is currently performing well based on its current performance indicators. A quick ratio of 1.87 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.28. Likewise, its price to free cash flow for the trailing twelve months is 19.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.61, a number that is poised to hit 2.30 in the next quarter and is forecasted to reach 10.61 in one year’s time.
Technical Analysis of Applied Materials Inc (AMAT)
Applied Materials Inc (NASDAQ: AMAT) saw its 5-day average volume 7.27 million, a positive change from its year-to-date volume of 6.16 million. As of the previous 9 days, the stock’s Stochastic %D was 27.40%. Additionally, its Average True Range was 5.76.
During the past 100 days, Applied Materials Inc’s (AMAT) raw stochastic average was set at 9.02%, which indicates a significant decrease from 29.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.34% in the past 14 days, which was lower than the 52.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $189.84, while its 200-day Moving Average is $204.08. Nevertheless, the first resistance level for the watch stands at $176.18 in the near term. At $177.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $178.88. If the price goes on to break the first support level at $173.48, it is likely to go to the next support level at $172.08. Assuming the price breaks the second support level, the third support level stands at $170.78.
Applied Materials Inc (NASDAQ: AMAT) Key Stats
Market capitalization of the company is 143.46 billion based on 824,404K outstanding shares. Right now, sales total 27,176 M and income totals 7,177 M. The company made 7,045 M in profit during its latest quarter, and 1,731 M in sales during its previous quarter.
