After this afternoon's -4.7% drop to $243.1 per share, Applied Materials might just keep moving past its target price of $242.29. With an average analyst rating of buy, and target prices from $198.0 to $300.0, the stock's next move is anyone's guess.
Applied Materials's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.9%. The stock's short ratio is 2.95. The company's insiders own 0.3% 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 83.1%. In conclusion, we believe there is mixed market sentiment regarding Applied Materials.
Institutions Invested in Applied Materials
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 75,008,622 | $18,234,596,466 |
| 2024-03-31 | Blackrock Inc. | 9% | 74,653,757 | $18,148,328,782 |
| 2024-03-31 | State Street Corporation | 5% | 38,107,593 | $9,263,956,090 |
| 2024-03-31 | Capital International Investors | 3% | 21,884,967 | $5,320,235,611 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 18,657,966 | $4,535,751,648 |
| 2024-03-31 | Capital World Investors | 2% | 17,671,673 | $4,295,983,814 |
| 2024-03-31 | FMR, LLC | 1% | 11,769,944 | $2,861,273,458 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 1% | 11,260,630 | $2,737,459,221 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 1% | 11,218,329 | $2,727,175,848 |
| 2024-03-31 | Morgan Stanley | 1% | 10,145,751 | $2,466,432,130 |
