An Insider Sold 29 Shares Of Applied Materials Inc. (AMAT)


As of Wednesday close, Applied Materials Inc.’s (NASDAQ:AMAT) stock was up $0.63, moving up 0.59 percent to $107.67. The average number of shares traded per day over the past five days has been 8,692,160 shares. 2 times new highs have been achieved over the past 5 days, with a $3.45 gain in that time frame. In the last twenty days, the average volume was 8,629,855, while in the previous 50 days, it was 9,082,422.

Since last month, AMAT stock rose 23.01%. Shares of the company fell to $81.90 on 10/24/22, the lowest level in the past month. A 52-week high of $167.06 was reached on 01/14/22 after having rallying from a 52-week low of $71.12. Since the beginning of this year, AMAT’s stock price has dropped by -31.58% or -$49.69, and marked a new high 4 times. However, the stock has declined by -35.55% since its 52-week high.

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AMAT stock investors should be aware that Applied Materials Inc. (AMAT) stock had its last reported insider trading activity 72 days ago on Sep 14. Deane Timothy M, the GVP, Applied Global Services of the company, disposed of 29 shares for $91.46 on Sep 14. It resulted in a $2,652 divestment by the insider. Little Teri A. sold 10,000 shares at an average price of $89.50 on Jul 07. The insider now owns 83,169 shares following the transaction. On Jul 06, SVP, CLO Little Teri A. sold 15,000 shares at $86.30 apiece. The transaction was valued at $1,294,500.

Valuation Metrics

Right now, Applied Materials Inc. (AMAT) has a P/E ratio of about 14.41. The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 3.67, the price-to-book (PB) ratio of 7.71, and the price-to-cash flow ratio of 21.24 may also be considered.

The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. On Friday March 11 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended July 30, Applied Materials Inc.’s quick ratio stood at 1.50, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.45, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 47.00% percent. In the year ended July 30, operating margins totaled 31.40%. Based on annual data, AMAT earned $10.91 billion in gross profit and brought in $23.06 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 33.90%. Return on equity (ROE) for the past 12 months was 56.60%.

In Applied Materials Inc.’s quarter-end financial report for July 30, it reported total debt of $5.46 billion against cash and short-term investments of $592.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMAT’s revenue rose 4.97% to $6.25 billion during the quarter, while net income inched up to $6.52 billion. While analysts expected Applied Materials Inc. to report $1.79 quarterly earnings, the actual figure was $1.94 per share, beating the consensus estimate by 8.40%. During the quarter, the company generated $2.03 billion in EBITDA. The liabilities of Applied Materials Inc. were 14.09 billion at the end of its most recent quarter ended July 30, and its total debt was $5.86 billion. The value of shareholders’ equity is $860.31 million.

Technical Picture

This quick technical analysis looks at Applied Materials Inc.’s (AMAT) price momentum. With a historical volatility rate of 47.05%, the RSI 9-day stood at 66.84% on 23 November.

With respect to its five-day moving average, the current Applied Materials Inc. price is up by +3.31% percent or $3.45. At present, AMAT shares trade +22.16% above its 20-day simple moving average and +25.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.79% above its SMA50 and -22.40% below its SMA200.

Stochastic coefficient K was 78.97% and Stochastic coefficient D was 76.15%, while ATR was 4.53. Given the Stochastic reading of 80.88% for the 14-day period, the RSI (14) reading has been calculated as 65.23%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at 3.39.

Analyst Ratings

Summit Insights upgraded its rating on Applied Materials Inc. (NASDAQ: AMAT) to a Buy in a note to investors on November 18, 2022. The analysts firm previously had a Hold rating on the stock.Applied Materials Inc. (AMAT) has been rated Overweight by analysts. According to 0 brokerage firms, AMAT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Applied Materials Inc. stock as buy, with 20 recommending it as overweight.

With a median target price of $120.00, the current consensus forecast for the stock is $80.00 – $140.00. Based on these forecasts, analysts predict Applied Materials Inc. (AMAT) will achieve an average price target of $115.84.


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