After this afternoon's 1.2% surge to $157.01 per share, Applied Materials might just keep moving past its target price of $161.28. With an average analyst rating of buy, and target prices from $120.0 to $185.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.5%, and a short ratio of 3.4. The company's insiders own 0.35% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.2% of Applied Materials's shares being owned by this investor type.
Institutions Invested in Applied Materials
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 73,143,958 | $11,486,892,750 |
| 2023-09-30 | Blackrock Inc. | 9% | 72,337,680 | $11,360,270,823 |
| 2023-09-30 | State Street Corporation | 4% | 37,046,694 | $5,817,997,991 |
| 2023-09-30 | Capital World Investors | 4% | 36,753,164 | $5,771,900,573 |
| 2023-09-30 | Capital International Investors | 3% | 21,323,094 | $3,348,685,258 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 18,432,858 | $2,894,788,150 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 13,514,086 | $2,122,319,611 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 1% | 11,518,290 | $1,808,889,831 |
| 2023-09-30 | FMR, LLC | 1% | 10,763,387 | $1,690,336,091 |
| 2023-09-30 | Northern Trust Corporation | 1% | 10,032,850 | $1,575,608,909 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Applied Materials.
