Should You Sell Applied Materials Inc (AMAT) And Go Away This Year?

Applied Materials Inc (NASDAQ:AMAT) currently has a daily average trading volume of 7.87M but it saw 4465963 shares traded in last market. With a market cap of 140.44B USD, the company’s current market price of $175.00 came rising about 1.28 while comparing to the previous closing price of $172.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $255.89 and as low as $123.74. In the recent trading on the day, stock has struck highest price mark of $172.28 while lowest mark touched by it was $175.33.

Jefferies also issued its recommendations for the stock as it upgraded the price target for the stock is $195.

Over the week, AMAT’s stock price is moving 6.58% up while it is 1.14% when we observe its performance for the past one month. Year-to-date it is 7.61% up and over the past year, the stock is showing a downside performance of -23.30%.

Currently, Applied Materials Inc’s total number of outstanding shares is 802.50M with 0.27% of that held by the insiders while 83.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 27.30% and return on equity (ROE) at 36.37%. It has a price to earnings ratio (P/E ratio) of 21.30 while having a 17.35 of forward P/E ratio. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 7.41 while price to sale or P/S ratio amounts to 5.00. Its return on asset (ROA) is 20.61% on average.

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