Daiwa Securities raised the price target for the Applied Materials Inc. (NASDAQ:AMAT) stock to “an Outperform”. The rating was released on August 19, 2021. We previously noted in another research note published on April 07, 2021 by Wells Fargo that reiterated the stock to an Overweight with a price target of $160 for AMAT stock. The research report from Needham has reiterated the stock to Buy, with a price target set at $153. The stock was reiterated by Cowen, who disclosed in a research note on April 07, 2021, to Outperform and set the price objective to $160. In their research brief published March 31, 2021, Bernstein analysts initiated the Applied Materials Inc. stock to Outperform with a price target of $160.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Applied Materials Inc. (NASDAQ:AMAT) dipped -1.55% to close Friday’s market session at $127.20, lower as compared to yesterday’s close. The stock price fluctuated between $125.25 and $131.99 throughout the trading session with the volume trading being 13381993 shares, which represented a significant variation when compared to the three months average volume of 7.49 million shares. The firm’s stock price fluctuated -2.08% within the last five trades and -7.28% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.39% in the last 6 months and -1.13% was subtracted to its value over the previous 3 months. AMAT stock is trading at a margin of -6.79%, -6.60% and 9.41% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AMAT deals in the Technology domain. The stock is trading -12.88 percent below its 52-week high and 134.90 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 82.85. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Applied Materials Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 23.20 percent and the profit margin is 19.50 percent, and the company has reported a gross margin of 45.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $118.09 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Applied Materials Inc. (NASDAQ:AMAT) is 26.51. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.43. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.96 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 9.74, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Applied Materials Inc. shares are owned by insiders, and 79.10 percent are held by financial institutions. Durn Daniel, the Senior Vice President, CFO at Applied Materials Inc. (AMAT) has sold 6,000 shares of firm on Aug 02 at a price of $143.76 against the total amount of $0.86 million. In another inside trade, Little Teri A., SVP, CLO of Applied Materials Inc. (NASDAQ:AMAT) sold 13,500 shares of the firm on Jul 02 for a total worth of $1.86 million at a price of $138.03. An inside trade which took place on Jun 30, Senior Vice President, CTO of Applied Materials Inc. Nalamasu Omkaram sold 51,000 shares of firm against total price of $7.25 million at the cost of $142.16 per share.