Applied Materials Inc. (AMAT): Look at its Technical Analysis


Applied Materials Inc. (NASDAQ:AMAT) changes shares on Friday trading session, with a change of 0.94% or $0.57 shares. The trading starts at $61.40 and closed at $60.38 throughout the day. The trading session low price was $60.41 and day high was $62.33 on Friday, June 19. After the session, the Technology sector daily volume shifted to 10.09 million while its average volume is 9.46M. In other hand, the AMAT market cap reached to $54.73B. While, its current target price is $60.95 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 7.78% and up 7.16% for month. Its quarterly performance was 60.44% above, while its half year performance is up 0.94%. AMAT yearly performance stood at positive 41.06% and fall -0.15% for year-to-date. Current recommendation for Applied Materials Inc. is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AMAT EPS (TTM) for 12-month is 3.14. EPS for this year is -29.80%, while for the next year its value is 4.28. Sales growth for the current quarter is 0.99 while its EPS Q/Q reached 16.40%. It has an EPS of 26.70% up for past five years and for the next five years will be up 19.60%.

Vanguard Group, Inc. (The), Blackrock Inc. and Price (T.Rowe) Associates Inc are the top three holders in Applied Materials Inc. (AMAT) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 75.44 million shares which valued 3.46 billion. On Mar 30, 2020, Blackrock Inc. owned 68.19 million shares which valued at 3.12 billion. On Mar 30, 2020, Price (T.Rowe) Associates Inc has a total of 51.18 million shares which valued at 2.34 billion. In the end, Price (T.Rowe) Associates Inc have 5.58% shares outstanding of Applied Materials Inc. (AMAT) on Mar 30, 2020. The insider ownership moved to 0.60% and institutional holding shifted to 83.60%.

The company posted an EPS (TTM) of 3.14. According to the most recent quarter report on (Jul 2020), 22 analysts estimated an average EPS of 0.95, while 0.74 EPS posted a year ago period. Analyst Estimated EPS for AMAT published in the report was 0.87-1.05 during the same period. Comparing with last year, the average estimated EPS was 0.74 which is lower than 0.89 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AMAT rise 10.38% for period of 200 days. SMA for 50 days was 13.07% which is showing green signal, while SMA-20 was 6.29%. The moving average value for Applied Materials Inc. (AMAT) is 55.99 and 55.36 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AMAT stock. On Feb 14, Forrest Stephen R, Director, sold 2,000 trading shares at the cost of $67.40, which valued at 0.13 million. On Dec 16, Raja Prabu G., SVP, Semi. Products Group, sold 50,000 shares at the cost of $60.73, with total shares of 504,329. On Nov 19, DICKERSON GARY E, President and CEO, sold 1,000,000 shares at the cost of 61.11. After this transaction, DICKERSON GARY E total shares reached to 2,273,449 which valued at 61.11 million.