Monthly Stock Report: Applied Materials, Inc. (AMAT)
Publication Date: September 22, 2024
Company Overview
Applied Materials, Inc. (AMAT), headquartered in Santa Clara, California, is a dominant player in the semiconductor and display industries. The company specializes in manufacturing equipment, services, and software tailored for these sectors, operating through three main segments: Semiconductor Systems, which provides essential tools for chip fabrication; Applied Global Services, focused on optimizing equipment performance; and Display and Adjacent Markets, which offers products for various display technologies. Having been publicly traded since 1995, Applied Materials stands at the forefront of the Technology sector, particularly within the Semiconductor Equipment & Materials industry.
Investment Outlook
With a current stock price of $192.16 and a target high price of $280, AMAT presents a compelling investment opportunity. Analysts generally recommend buying, supported by robust performance indicators such as $26.85 billion in total revenue, underscoring the company’s strong revenue generation capabilities. The Semiconductor Equipment sector is gaining traction, driven by escalating demand for semiconductor technology in consumer electronics, automotive applications, and emerging fields like artificial intelligence and 5G technologies.
Additionally, the analysis reveals that out of 824,403,968 outstanding shares, only 1.85% are reported as shorted, reflecting moderate bearish sentiment. This low percentage indicates a potential confidence in AMAT’s performance and future prospects among investors.
Stock Performance and Projections
Currently, AMAT’s price is below both its fifty-day average of $199.28 and its fifty-two-week high of $255.89, suggesting possible undervaluation. The fifty-two-week range indicates notable stock volatility, with a low of $129.21. Given the substantial distance from this seasonal high, the current price might present a strategic buying opportunity for investors.
Analyst recommendations further bolster this outlook, with a mean target price of $236.15 and a recommendation mean score of 2.1 on a scale from 1 (strong buy) to 5 (strong sell). With insights from 29 analysts, this consensus indicates strong confidence in Applied Materials’ potential for appreciation, establishing it as a favorable option for investors seeking to diversify or expand their portfolios within the technology landscape.
| Metric | Value |
|---|---|
| Market Cap | $158.4b |
| Total Debt | $6.7b |
| Total Cash | $9.1b |
| Shares Outstanding | 824.4m |
| Float Shares | 821.0m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.