Applied Materials Inc. (NASDAQ:AMAT) does about 7.09M shares in volume on a normal day but saw 8341342 shares change hands in Monday trading. The company now has a market cap of 59.84B USD. Its current market price is $63.74, marking an increase of 2.36% compared to the previous close of $62.27. The 52 week high reached by this stock is $69.90 whilst the lowest price level in 52 weeks is $36.64. The script in recent trading has seen the stock touch a high of $63.80 and a low of $62.68.

Applied Materials Inc. (AMAT) has a 20-day trading average at $64.71 and the current price is -8.81% off the 52-week high compared with 73.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $62.72 and its 200-day simple moving average is $57.76. If we look at the stock’s price movements over the week, volatility stands at 2.00%, which increases to 2.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.10 to suggest the stock is neutral.

The consensus objective for the share price is $76.80, suggesting that the stock has a potential upside of 17.01% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 14, 2020 when Cowen reiterated the stock to “Outperform” and issued a price target of between $78 and $82. Morgan Stanley reiterated its price target at $52.50-$60.

The current price level is -1.44%, 1.86%, and 10.44% away from its SMA20, SMA50, and SMA200 respectively, with the AMAT price moving above the 50-day SMA on August 24. Applied Materials Inc. (AMAT) stock is down -4.78% over the week and 5.15% over the past month. Its price is 4.42% year-to-date and 41.27% over the past year.

The stock last released its quarterly earnings report for quarter ended 7/30/2020, with the company’s earnings per share (EPS) of $1.06 above consensus estimates by $0.11. AMAT’s earnings per share are forecast to grow by 34.20% this year and 13.20% over next year. Expected sales for next quarter are $4.52 billion, which analysts say will come at $17.1 billion for the current fiscal year and next year at $18.47 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.6 billion.

To reach the target analysts have set, the stock logically needs to grow 17.01 percent from here.

Outstanding shares total 917.00M with insiders holding 0.36% of the shares and institutional holders owning 85.35% of the company’s common stock. The company has a return on investment of 20.40% and return on equity of 33.20%. The price to earnings ratio (P/E ratio) amounts to 18.51 while the forward price to earnings ratio is 13.90. The beta has a value of 1.38. Price to book ratio is 6.48 and price to sales ratio is 3.68.

According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Applied Materials Inc. (AMAT) to 26,036,717 shares, mirroring a recent drop by -0.30%. Vanguard Total Stock Market Index dumped 77361.0 shares of Applied Materials Inc. common stock bringing its total worth to about $1.67 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which sold off -0.12 million shares to end up with 18,896,667 shares worth $1.22 billion. Government Pension Fund – Global raise their holdings by 2.71% in the company over the course of the most recent quarter. It now holds a 1.36% position in Applied Materials Inc. thanks to 12.44 million shares amounting to $800.33 million.