Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Applied Materials, Inc. before investing.

In this article, we go over a few key elements for understanding Applied Materials, Inc.’s stock price such as:

• Applied Materials, Inc.’s current stock price and volume
• Why Applied Materials, Inc.’s stock price changed recently
• Upgrades and downgrades for AMAT from analysts
• AMAT’s stock price momentum as measured by its relative strength

About Applied Materials, Inc. (AMAT)

Before we jump into Applied Materials, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Applied Materials, Inc. is a materials engineering solutions provider. The Company provides manufacturing equipment, services and software to the semiconductor, display and related industries. Its segments include Semiconductor Systems, Applied Global Services (AGS), and Display and Adjacent Markets. Semiconductor Systems segment develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment and factory automation software for semiconductor, display and other products. Display and Adjacent Markets segment is comprised of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for monitors, smart phones, and other consumer-oriented devices.

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Applied Materials, Inc.’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Applied Materials, Inc.’s stock price was $209.61.

Applied Materials, Inc. is up 6.23% from its previous closing price of $197.31.

During the last market session, Applied Materials, Inc.’s stock traded between $195.29 and $200.29. Currently, there are 826.00 million shares of Applied Materials, Inc. stock available for purchase.

Applied Materials, Inc.’s price-earnings (P/E) ratio is currently at 22.2, which is low compared to the Semiconductor Equipment & Testing industry median of 27.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Applied Materials, Inc. Stock Price History

Applied Materials, Inc.’s (AMAT) price is currently up 6.26% so far this month.

During the month of September, Applied Materials, Inc.’s stock price has reached a high of $212.15 and a low of $173.39.

Over the last year, Applied Materials, Inc. has hit prices as high as $255.89 and as low as $129.21. Year to date, Applied Materials, Inc.’s stock is up 115.25%.

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What Caused Applied Materials, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there were 3 analysts who downgraded Applied Materials, Inc.’s stock and 19 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Applied Materials, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Applied Materials, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Applied Materials, Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Applied Materials, Inc. (AMAT) by visiting AAII Stock Evaluator.

Relative Price Strength of Applied Materials, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Applied Materials, Inc. has a weighted four-quarter relative price strength of -1.09%, which translates to a Momentum Score of 59 and is considered to be Average.

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Applied Materials, Inc. Stock Price: Bottom Line

As of September 26, 2024, Applied Materials, Inc.’s stock price is $209.61, which is up 6.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Applied Materials, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.