Applied Materials, Inc.’s Stock Price Soars to $213.89, Marking a Robust 4.31% Increase in Market Performance

Applied Materials, Inc. (AMAT)

213.89 USD +8.83 (+4.31%) Volume: 5.15M

Applied Materials, Inc.’s stock price shows a bullish trend, currently trading at 213.89 USD, reflecting a positive session change of +4.31%. With a robust trading volume of 5.15M and an impressive YTD growth of +31.97%, AMAT’s stock performance is a testament to the company’s strong market presence and investor confidence.

Latest developments on Applied Materials, Inc.

Today, Applied Materials (NASDAQ:AMAT) saw a 4.2% increase in trading, reflecting positive investor sentiment following recent developments. With the appointment of a new President for Applied Materials India, the company is poised for continued growth and expansion. Forecasts indicate strong revenue growth for Applied Materials, Inc. (AMAT), driven by AI expansion, with expectations to reach $37 billion by 2028. Despite some investors lowering their holdings in the company, others like Annex Advisory Services LLC and Cwm LLC have acquired shares, signaling confidence in Applied Materials‘ future prospects.

Applied Materials, Inc. on Smartkarma

Analysts on Smartkarma are closely monitoring Applied Materials, with Baptista Research highlighting the company’s robust financial results in the third quarter of fiscal year 2024. The company’s record revenues and solid earnings near the upper end of the guidance range are attributed to its positioning amid extensive secular growth trends in technology. Baptista Research is evaluating various factors that could impact the company’s stock price in the near future, using a Discounted Cash Flow methodology for independent valuation.

Another report by Baptista Research focuses on Applied Materials‘ strong performance in the second quarter of 2024, emphasizing its potential to benefit from long-term secular growth trends. The company is well positioned to capitalize on key technology innovations such as artificial intelligence, internet of things, and electric vehicles, which are driving demand for more chip manufacturing capacity. William Keating also provides insights, noting that Applied Materials‘ revenues in Q124 were in line with guidance, but potential challenges lie ahead if China revenues decline before non-China growth returns.

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

Applied Materials, Inc. has received favorable scores across the board according to Smartkarma Smart Scores. With a strong Growth score of 4, the company is poised for expansion and development in the future. Additionally, Applied Materials has shown Resilience and Momentum with scores of 4, indicating its ability to withstand market fluctuations and maintain a positive trajectory. While its Value score is slightly lower at 2, the company still presents a promising outlook for investors.

As a leading developer and manufacturer of semiconductor wafer fabrication equipment, Applied Materials serves a diverse range of customers in the semiconductor industry. Its services extend to flat panel displays, solar photovoltaic cells, and various electronic devices manufacturers. With solid scores in Growth, Resilience, and Momentum, Applied Materials is positioned for long-term success in the ever-evolving semiconductor market.

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