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Tuesday, June 6, 2023

Applied Materials Inc. (NASDAQ: AMAT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Applied Materials Inc. (AMAT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.09%, to $115.99. The Applied Materials Inc. has recorded 117,898 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Applied Materials Announces Q2 FY2023 Earnings Webcast.

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Stocks Info

AMAT belongs to the Technology sector of the NASDAQ while operating in the Semiconductor Equipment & Materials industry. At the end of the last regular session, the stock closed at $116.09 and fluctuated between $117.07 as its day high and $114.99 as its day low. The current market capitalization of Applied Materials Inc. is $97.58B. A total of 3.84 million shares were traded on the day, compared to an average of 6.19M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AMAT has seen 9 BUY and 3 SELL insider trades, representing the acquisition of 18,450 and the disposition of 46,849 shares. Over the last 12 months, there were 31 BUYs and 19 SELLs from insiders. Insiders purchased 639,879 shares during that period but sold 360,912.

In the most recent transaction, Nalamasu Omkaram sold 29,444 shares of AMAT for 124.70 per share on Mar 20. After the transaction, the Senior Vice President, CTO now owns 194,298 company shares. In a previous transaction on Feb 28, Little Teri A. sold 6,813 shares at 117.44 per share. AMAT shares that SVP, CLO owns now total 98,332.

Among the insiders who sold shares, CHEN XUN disposed of 377 shares on Jan 20 at a per-share price of $107.80. This resulted in the Director holding 0 shares of AMAT after the transaction. In another insider transaction, Deane Timothy M sold 29 shares at $91.46 per share on Sep 14. Company shares held by the GVP, Applied Global Services now total 87,532.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Applied Materials Inc. pays an annual dividend of $1.28, resulting in a dividend yield of 1.10%, and it has a price to earnings (P/E) ratio of 15.56. AMAT’s most recent ex-dividend date was 5/24/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/16/2023 with an ex-dividend date of 2/22/2023. The AMAT stock dividend was $0.26 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AMAT in the last 3 months, the mean price target is $132.50 with high estimates of $150.00 and low estimates of $90.00. In terms of 52-week highs and lows, AMAT has a high of $125.62 and a low of $71.12.

As of this writing, AMAT has an earnings estimate of $1.68 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.71 per share and a lower estimate of $1.65. The company reported an EPS of $2.03 in the last quarter, which was 17.30% higher than expectations of $1.73.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AMAT’s latest balance sheet shows that the firm has $5.46B in Cash & Short Term Investments as of fiscal 2021. There were $5.45B in debt and $6.34B in liabilities at the time. Its Book Value Per Share was $15.88, while its Total Shareholder’s Equity was $12.25B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMAT is Buy with a score of 4.27.

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