Stocks of Applied Materials Inc. (NASDAQ:AMAT) traded higher last session on Wall Street, down -3.40% to $210.26.
AMAT stock price is now -7.66% away from the 50-day moving average and 13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $174.09B.
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With the price target enhanced from $165 to $225, Barclays Upgraded its rating from Underweight to Equal Weight for Applied Materials Inc. (NASDAQ: AMAT). On May 17, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $245 to quote $250, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Iannotti Thomas J, Director sold 9,827 shares of the company’s stock on Jun 21 ’24. The stock was sold for $2,325,560 at an average price of $236.65. Upon completion of the transaction, the Director now directly owns 49,185 shares in the company, valued at $10.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, President and CEO DICKERSON GARY E sold 400,000 shares of the business’s stock. A total of $98,579,111 was realized by selling the stock at an average price of $246.45. This leaves the insider owning 1,542,269 shares of the company worth $324.28 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Applied Materials Inc. has had a low of $129.21 and a high of $255.89. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.80, and a quick ratio of 1.97. According to the stock market information, the enterprise value for the company is $172530991104, which is based on a 24.16 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for AMAT is $229.5254 and a two-hundred day moving average price translates $188.25215 for the stock.
The latest earnings results from Applied Materials Inc. (NASDAQ: AMAT) was released for 2024-04-28. The net profit margin was 27.60% and return on equity was 45.19% for AMAT. The company reported revenue of $6.65 billion for the quarter, compared to $6.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.24 percent.
