The Applied Materials, Inc. (NASDAQ:AMAT) is going up by 0.61% in today’s trading session, a rise equivalent to 0.31% of the stock’s price from yesterday’s market close. A news came out 5 hours ago stating that Micron stock rises after Goldman cheers shrinking inventories by MARKETWATCH. The lowest point that the shares touched during the trading session was $49.21, while the peak of the day was recorded at a share price of $50.80. AMAT finished the previous session at $50.73 according to the data provided by Barchart, while the trading volume was observed to be $5,020,534.
In the 100 days of trading, AMAT managed to top a 42.14% Moving average. Additionally, Applied Materials, Inc. shares have achieved a 52-week range between 28.79 and 50.80 alongside 100 days raw stochastic set at 99.80%.
The number of shares outstanding, according to the fundamentals of the company, is set at 943.15M, equal to the value of $47.85B in market capitalization. Financial analysts indicate that AMAT shares should be still ranked as a “Outperform”. In the last 30 days, Applied Materials, Inc. shares went down by -0.05%, adding 51.04 to growth in value, on top of a +21.75% boost since 06/21/19.
Applied Materials, Inc. (NASDAQ:AMAT) Analyst’s Estimates
Applied Materials, Inc. (AMAT) could record at least $0.70 per share in quarterly earnings in the upcoming report on 08/15/2019, a number that would actually represent an increase of 21.61% YOY.
According to the average analyst rating, Applied Materials, Inc. would be rated as 2.17. Out of 23 different analysts monitoring AMAT stock, 4 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 11 indicate that AMAT is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-22-19, the stock earned a Upgrade rating due to a new analyst call from Goldman, while analysts from DA Davidson believe that the stock is set at Neutral from Buy, as concluded on Jul-08-19. Wells Fargo, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Jun-20-19.
Regardless of the rating, Nomura did increase their price to $40 as they are considering target share price analysis. B. Riley FBR, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May-17-19, giving the stock a Buy from the Neutral rating.
AMAT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +45.06% has been attained, while the operating margin has been recorded at +27.72%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 17.81%. Beta value of the stock is recorded at 1.67. Additionally, Applied Materials, Inc. is recording price volatility of 2.66% for the period of the last seven days and 2.36% in the last 30 days.
Applied Materials, Inc. (NASDAQ:AMAT) Technical Outlook
For the period of the last 50 days, Applied Materials, Inc. had its Raw Stochastic average set at 99.80% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 99.73%. Stochastic %K for Applied Materials, Inc., with the last 20 days included, was set at 95.54%, having Stochastic %D topping 91.52%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Applied Materials, Inc. stocks with recording 8.70% in metrics.
Applied Materials, Inc. Insider Watch:
As far as the position of shares issued by Applied Materials, Inc. (NASDAQ:AMAT) for the period concluded at the market close of 07/22/19, 474 institutional investors increased their positions in AMAT shares by 69,300,173, 445 decreased positions by 76,224,326 and 168 institutional investors decided to hold positions at 593,344,674. These numbers put the complete list of institutional holdings set at 738,869,173 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 128 institutional investments with 11,156,644 new shares in addition to having 80 institutional investors selling their positions in 10,414,099 shares.