Applied Materials, Inc.’s Stock Price Takes a Dip to $196.23, Down by 3.18%

Applied Materials, Inc. (AMAT)

196.23 USD -6.44 (-3.18%) Volume: 6.7M

Applied Materials, Inc.’s stock price stands at 196.23 USD, experiencing a trading session dip of -3.18% with a volume of 6.7M, yet maintaining a strong YTD growth of +21.08%, reflecting the stock’s dynamic performance and potential for savvy investors.

Latest developments on Applied Materials, Inc.

Applied Materials stock price is facing scrutiny today after receiving a subpoena from the Department of Justice. This adds to recent events surrounding the company, including an investigation by Bronstein, Gewirtz & Grossman, LLC for alleged wrongdoings. Despite these challenges, analysts are updating their forecasts following the company’s third-quarter results. With speculation on whether Applied Materials is the best AI semiconductor stock to buy, investors are weighing their options. As the stock position of Argent Capital Management LLC is cut and Atlantic Union Bankshares Corp acquires shares, the future of Applied Materials remains uncertain amidst the ongoing developments.

Applied Materials, Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring the coverage of Applied Materials, with a positive lean towards the company’s performance. Baptista Research highlighted the robust financial results of Applied Materials in the third quarter of fiscal year 2024, showcasing record revenues and solid earnings near the upper end of the guidance range. The company’s strategic positioning in key sectors like AI, IoT, and clean energy has been identified as a major driver for its growth, with Baptista Research conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.

Furthermore, William Keating’s analysis of Applied Materials in Q124 indicates stable revenues of $6.65 billion, in line with guidance and flat both quarter-over-quarter and year-over-year. The outlook for Q224 remains flat sequentially, with a cautionary note on the potential impact of China revenues on the company’s WFE segment. Despite the challenges in the WFE segment, analysts remain optimistic about Applied Materials‘ long-term prospects in the semiconductor industry.

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 the Smartkarma Smart Scores, Applied Materials shows a positive long-term outlook. With high scores in Growth and Resilience, the company is positioned well for future expansion and able to withstand market challenges. While the Value score is on the lower side, the overall outlook remains favorable due to strong scores in other key factors.

Applied Materials, Inc. is a leading player in the semiconductor industry, providing essential equipment and services to manufacturers worldwide. With a focus on innovation and adaptability, the company has received solid scores in both Growth and Resilience, indicating its ability to thrive and evolve in a competitive market. Investors can look to Applied Materials for potential long-term growth and stability in the industry.

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