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Sunday, December 3, 2023

Applied Materials Inc. (NASDAQ: AMAT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Applied Materials Inc. (AMAT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.46, or 0.31%, to $150.20. The Applied Materials Inc. has recorded 185,433 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Applied Materials Celebrates Communities Through Arts and Culture.

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Stocks Info

Applied Materials Inc. is listed on the NASDAQ in the Technology sector while operating in the Semiconductor Equipment & Materials industry. At the end of the last regular session, the stock closed at $149.74 and fluctuated between $150.25 as its day high and $147.63 as its day low. The current market capitalization of Applied Materials Inc. is $125.26B. A total of 4.12 million shares were traded on the day, compared to an average of 5.51M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AMAT has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,679 shares. Over the last 12 months, there were 27 BUYs and 20 SELLs from insiders. Insiders purchased 619,720 shares during that period but sold 356,188.

In the most recent transaction, Hill Brice sold 1,000 shares of AMAT for 150.04 per share on Aug 30. After the transaction, the SVP, CFO now owns 106,023 company shares. In a previous transaction on Jul 07, Little Teri A. sold 10,000 shares at 142.00 per share. AMAT shares that SVP, CLO owns now total 69,504.

Among the insiders who sold shares, Deane Timothy M disposed of 7,500 shares on Jun 09 at a per-share price of $137.30. This resulted in the GVP, Applied Global Services holding 100,759 shares of AMAT after the transaction. In another insider transaction, Nalamasu Omkaram sold 29,444 shares at $124.70 per share on Mar 20. Company shares held by the Senior Vice President, CTO now total 194,298.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Applied Materials Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 0.75%, and it has a price to earnings (P/E) ratio of 19.74. AMAT’s most recent ex-dividend date was 11/22/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 9/14/2023 with an ex-dividend date of 8/23/2023. The AMAT stock dividend was $0.32 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AMAT in the last 3 months, the mean price target is $159.35 with high estimates of $185.00 and low estimates of $120.00. In terms of 52-week highs and lows, AMAT has a high of $155.26 and a low of $93.68.

As of this writing, AMAT has an earnings estimate of $2 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $2.05 per share and a lower estimate of $1.95. The company reported an EPS of $1.78 in the last quarter, which was 8.50% higher than expectations of $1.64.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $18.04, while its Total Shareholder’s Equity was $12.25B.

Analysts Opinion

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. 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 4.21.

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