In yesterday’s Wall Street session, Applied Materials Inc (NASDAQ:AMAT) shares traded at $169.35, up 0.16% from the previous session.
AMAT stock price is now -7.70% away from the 50-day moving average and -16.46% away from the 200-day moving average. The market capitalization of the company currently stands at $139.84B.
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With the price target reduced from $179 to $164, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Applied Materials Inc (NASDAQ: AMAT). On November 15, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $250 to quote $230, while ‘Barclays’ rates the stock as ‘Equal Weight’
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 $8.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, President, Semi. Products Grp. Raja Prabu G. sold 50,000 shares of the business’s stock. A total of $12,458,500 was realized by selling the stock at an average price of $249.17. This leaves the insider owning 458,417 shares of the company worth $77.63 million. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, Applied Materials Inc has had a low of $148.05 and a high of $255.89. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.51, and a quick ratio of 1.87. According to the stock market information, the enterprise value for the company is $150907158528, which is based on a 19.67 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for AMAT is $183.4852 and a two-hundred day moving average price translates $202.7239 for the stock.
The latest earnings results from Applied Materials Inc (NASDAQ: AMAT) was released for 2024-07-28. The net profit margin was 26.43% and return on equity was 40.61% for AMAT. The company reported revenue of $7.04 billion for the quarter, compared to $6.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.79 percent.
