Hot Stock to Watch: Applied Materials, Inc. (NASDAQ:AMAT)

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Applied Materials, Inc. (NASDAQ:AMAT) Belonging to the Computer and Technology sector which surged 1.93% and closed its last trading session at $30.15.

The company reported its last EPS on 7/31/2016 and is expected to report its next EPS on 11/10/2016. Currently, the stock has a 1 Year Price Target of $33.5.

The consensus recommendation, according to Zacks Investment research, is 1.41. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 1.41 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.41 and 1.41 respectively.

Applied Materials, Inc. on 7/31/2016 reported its EPS as $0.5 with the analysts projecting the EPS of the stock as $0.48. The company beat the analyst EPS Estimate with the difference of $0.02. This shows a surprise factor of 4.2%.

Many analysts have provided their estimated foresights on Applied Materials, Inc. Earnings, with 20 analysts believing the company would generate an Average Estimate of $0.65. Whereas they predicted High and Low Earnings Estimate as $0.67 and $0.65 respectively. While in the same Quarter Previous year, the Actual EPS was $0.29.

Analysts are also projecting an Average Revenue Estimate for Applied Materials, Inc. as $3.31 Billion in the Current Quarter. This estimate is provided by 18 analysts. The High Revenue estimate is predicted as 3.34 Billion, while the Low Revenue Estimate prediction stands at 3.28 Billion. The company’s last year sales total was 2.37 Billion.

For the Current Quarter, the growth estimate for Applied Materials, Inc. is 124.1%, while for the Next Quarter the stock growth estimate is 123.1%. In the past 5 years, the stock showed growth of 16.86% per annum. While for the next 5 years, the growth estimate is 18.23%.

The Company got Upgrade by Susquehanna on 28-Jun-16 from Negative to Neutral.

Insider Trades for Applied Materials, Inc. show that the latest trade was made on 31 Aug 2016 where NALAMASU OMKARAM, the Chief Technology Officer completed a transaction type “Sell” in which 99491 shares were traded at a price of $30.15.

Over the period of 6 months, Insider Purchases show a total of 3 transaction in which 51827 shares were traded. 7 Insider Sales transactions were made totaling 1334560 shares traded.

21 analysts projected Price Targets for Applied Materials, Inc. The analysts believe that the company stock price could grow as high as $39. The Low Price target projection by analysts is $25 and the Mean Price Target is $33.5.

Applied Materials, Inc. (NASDAQ:AMAT) has the market capitalization of $32.65 Billion. The company rocked its 52-Week High of $31.07 on Sep 22, 2016 and touched its 52-Week Low of $14.64 on Oct 5, 2015. The stock has Return on Assets (ROA) of 10.4 percent. Return on Equity (ROE) stands at 20.6% and Return on Investment (ROI) of 12.1 percent.

The stock is currently showing YTD performance of 63.64 Percent. The company has Beta Value of 1.84 and ATR value of 0.6. The Weekly and Monthly Volatility stands at 1.69% and 2.01%.

Company profile:

Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products include semiconductor wafer manufacturers and semiconductor integrated circuit  manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.