Applied Materials, Inc.’s Stock Price Soars to $223.47, Experiencing a Robust 6.28% Growth

Applied Materials, Inc. (AMAT)

223.47 USD +13.21 (+6.28%) Volume: 7.51M

Applied Materials, Inc.’s stock price is currently soaring at 223.47 USD, showcasing an impressive trading session increase of +6.28%. With a robust trading volume of 7.51M and a remarkable YTD percentage change of +37.88%, AMAT’s stock performance continues to demonstrate strong growth and potential for investors.

Latest developments on Applied Materials, Inc.

Today, Applied Materials stock price surged by 4.38%, making it a top mover in the S&P 500 index. This increase comes amidst the latest options trading trends in Applied Materials, with Westfield Capital Management Co. LP holding $1.34 million in stock holdings of the company. Additionally, M&G Plc recently bought 12,838 shares of Applied Materials, while Intech Investment Management LLC sold 182,925 shares. With semiconductor stocks like TSM capitalizing on global chip demand, Applied Materials continues to attract investor interest and drive its stock price movements.

Applied Materials, Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring the coverage of Applied Materials, with a mix of bullish and bearish sentiments. Baptista Research highlighted the company’s strong performance in the second quarter of 2024 and its potential to benefit from long-term secular growth trends driven by key technology innovations. On the other hand, William Keating pointed out that Applied Materials‘ Q124 revenues were flat both quarter-over-quarter and year-over-year, with potential downside risks in the Wafer Fab Equipment (WFE) segment if China revenues decline before non-China growth picks up.

Additionally, Baptista Research emphasized Applied Materials‘ innovation strategy and position at key industry inflections, such as in the DRAM market where it holds a significant market share. Conversely, William Keating expressed skepticism about the company’s post-earnings surge, noting flat revenues and potential downside risks in 2024 for the WFE segment. Despite differing views, both analysts recognize Applied Materials as a strong company with growth prospects, albeit with varying outlooks for the current fiscal year.

A look at Applied Materials, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Applied Materials has a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Applied Materials develops, manufactures, and services semiconductor wafer fabrication equipment for various industries, including semiconductor, flat panel displays, and solar cells. Their high scores in Growth and Momentum indicate potential for expansion and market performance, while their Resilience score suggests stability in the face of challenges.

While Applied Materials may not score as high in Value and Dividend compared to other factors, its overall outlook remains promising. As a key player in the semiconductor industry, the company’s focus on innovation and technology positions it well for continued growth and success in the future. Investors looking for a company with strong growth potential and market resilience may find Applied Materials to be a solid choice for their portfolio.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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