Sunday, June 26, 2022

A Guide To The Risks Of Investing In Applied Materials Inc. (AMAT)

Applied Materials Inc.’s filing revealed that its President and CEO DICKERSON GARY E unloaded Company’s shares for reported $45.84 million on Dec 01. In the deal valued at $152.79 per share,300,000 shares were sold. As a result of this transaction, DICKERSON GARY E now holds 1,668,504 shares worth roughly $ 158.79 million.


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Then, ADDIEGO GINETTO sold 40,000 shares, generating $5,393,077 in total proceeds. Upon selling the shares at $134.83, the SVP, Operations & Quality now owns 312,509 shares.

Before that, Durn Daniel sold 5,000 shares. Applied Materials Inc. shares valued at $672,958 were divested by the Senior Vice President, CFO at a price of $134.59 per share. As a result of the transaction, Durn Daniel now holds 340,571 shares, worth roughly $32.41 million.

While this happened, UBS reiterated its Applied Materials Inc. [AMAT] rating to a Neutral in a research note published on Tuesday, February 17, 2022; the price target was $160. PT values the company’s stock at a premium of 40.52 to its Tuesday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Neutral”‘ rating for it. Needham also remained covering AMAT and reiterated its “Buy” recommendation on February 17, 2022. Mizuho maintained its rating on February 17, 2022. It rated AMAT as “a Buy”.

Price Performance Review of AMAT

On Tuesday, Applied Materials Inc. [NASDAQ:AMAT] saw its stock jump 5.94% to $95.17. On the same session, the stock had its day’s lowest price of $91.16, but rose to a high of $95.675. Over the last five days, the stock has lost -1.19%. Applied Materials Inc. shares have fallen nearly -39.52% since the year began. Nevertheless, the stocks have fallen -28.47% over the past one year. While a 52-week high of $167.06 was reached on 01/14/22, a 52-week low of $87.62 was recorded on 06/17/22. SMA at 50 days reached $110.40, while 200 days put it at $132.78. A total of 12.17 million shares were traded, compared to the trading of 14.45 million shares in the previous session.

Levels Of Support And Resistance For AMAT Stock

The 24-hour chart illustrates a support level at 92.33, which if violated will result in even more drops to 89.49. On the upside, there is a resistance level at 96.84. A further resistance level may holdings at 98.52. The Relative Strength Index (RSI) on the 14-day chart is 37.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.55%. Stochastics %K at 12.89% indicates the stock is a buying.

How much short interest is there in Applied Materials Inc.?

A steep rise in short interest was recorded in Applied Materials Inc. stocks on Apr 28, 2022, growing by 2.94 million shares to a total of 12.48 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 9.54 million shares. There was a rise of 23.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.48.

Applied Materials Inc. [AMAT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 69,290,016 shares, or roughly 7.84% of the outstanding AMAT shares. In other words, the investor’s shares have fallen by -100,636 from its previous 13-F filing of 69390652.0. Additionally, BlackRock Fund Advisors decreased -1.75% of its stake after which the total value it holdings stand at $5,428,024,735, while SSgA Funds Management, Inc. added 0.48% of its stake to hold $4.71 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 5,980,777 shares of Applied Materials Inc., while Capital Research & Management Co bought 1,607,427 shares. At present, Geode Capital Management LLC is holding 17,118,564 shares valued at $2.01 billion. Fidelity Management & Research Co owned 15,498,086 shares of the company at the time of its most recent 13F filing, worth $1.82 billion.

According to FactSet, Applied Materials Inc.’s share price will average $144.15 in the next year, based on opinions of analysts polled by the firm. This is up nearly 50.28 percent from its previous closing price of $89.83. Analysts expect Applied Materials Inc. stock to reach the higher price of $205.00, while the lowest price estimate is $115.00. However, 31 analysts have rated AMAT stock as an Overweight in their predictions for 2022. The most recent change occurred on January 26, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.

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