Applied Materials, Inc.’s Stock Price Drops to $199.89, Marking a 4.58% Decrease: Is it Time to Buy?

Applied Materials, Inc. (AMAT)

199.89 USD -9.59 (-4.58%) Volume: 6.32M

Applied Materials, Inc.’s stock price currently stands at $199.89, reflecting a trading session decrease of -4.58%. Despite this dip, the stock maintains a positive year-to-date (YTD) performance with a gain of +23.34%. Trading volume for AMAT is robust, recorded at 6.32M. Even with market fluctuations, Applied Materials continues to demonstrate strong growth potential.

Latest developments on Applied Materials, Inc.

Applied Materials Inc. saw a significant tumble in its stock price today, underperforming when compared to its competitors. This unexpected downturn comes despite the company’s recent rating upgrade to ‘Strong Buy’. Coverage of Applied Materials was initiated at Evercore ISI, with a consensus recommendation of ‘Moderate Buy’ by brokerages. The tech titan has also been expanding its real estate portfolio in the Bay Area. Despite these positive developments, the stock’s performance today indicates market uncertainty.

Applied Materials, Inc. on Smartkarma

Analysts on Smartkarma have differing views on the coverage of Applied Materials Inc. Baptista Research sees positive growth potential for the company, highlighting its strong start to the fiscal year and innovative strategies in key industry sectors. They predict revenue from advanced packaging products to reach $1.5 billion by 2024. On the other hand, William Keating takes a more cautious stance, noting flat revenues in the first and second quarters of 2024 and expressing concerns about downside risks in the Wafer Fab Equipment market. Despite differing opinions, both analysts agree that Applied Materials has strong growth prospects in the long term.

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

Looking at the Smartkarma Smart Scores for Applied Materials, the company seems to have a promising long-term outlook. With high scores in Growth, Resilience, and Momentum, Applied Materials appears to be well-positioned for future success. The company’s focus on developing, manufacturing, and servicing semiconductor wafer fabrication equipment for various industries indicates a strong foundation for growth and innovation.

While Applied Materials may not score as high in Value and Dividend, its strengths in Growth, Resilience, and Momentum suggest that the company is on a positive trajectory. With a diverse customer base that includes semiconductor manufacturers, flat panel display makers, and solar cell producers, Applied Materials is poised to continue its role as a key player in the global semiconductor industry.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma