Applied Materials shares fell -4.4% this evening to a price of $138.25. The stock is still trading within range of its average target price of $144.72, and over the last 52 weeks, it has recorded a 56.0% performance. Analysts have given the large-cap Semiconductors stock target prices ranging from $81.05 to $172.35 dollars per share, with an average rating of buy.
Applied Materials's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 3.81. The company's insiders own 0.35% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.9%. In conclusion, we believe there is mixed market sentiment regarding Applied Materials.
Institutions Invested in Applied Materials
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 73,542,029 | $10,167,185,509 |
| 2023-06-30 | Blackrock Inc. | 9% | 71,782,658 | $9,923,952,468 |
| 2023-06-30 | State Street Corporation | 5% | 38,242,877 | $5,287,077,745 |
| 2023-06-30 | Capital World Investors | 4% | 36,698,147 | $5,073,518,822 |
| 2023-06-30 | Capital International Investors | 2% | 20,882,645 | $2,887,025,671 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 16,991,062 | $2,349,014,321 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 13,472,106 | $1,862,518,654 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 1% | 12,030,201 | $1,663,175,288 |
| 2023-06-30 | FMR, LLC | 1% | 11,712,061 | $1,619,192,433 |
| 2023-06-30 | Nuveen Asset Management, LLC | 1% | 9,609,330 | $1,328,489,872 |
