Wall Street Analysts' Assessment of Applied Materials

Applied Materials stock is trading -11.25% below its average target price of $247.98 after dropping -10.5% during today's morning session. Analysts are giving the Large-Cap Semiconductors company an average rating of buy and target prices ranging from $198.0 to $300.0 per share.

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 2.71. 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 83.0%. 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 $16,507,147,992
2024-03-31 Blackrock Inc. 9% 74,653,757 $16,429,052,849
2024-03-31 State Street Corporation 5% 38,107,593 $8,386,338,270
2024-03-31 Capital International Investors 3% 21,884,967 $4,816,224,847
2024-03-31 Geode Capital Management, LLC 2% 18,657,966 $4,106,058,714
2024-03-31 Capital World Investors 2% 17,671,673 $3,889,005,206
2024-03-31 FMR, LLC 1% 11,769,944 $2,590,211,662
2024-03-31 Bank Of New York Mellon Corporation 1% 11,260,630 $2,478,126,926
2024-03-31 Price (T.Rowe) Associates Inc 1% 11,218,329 $2,468,817,745
2024-03-31 Morgan Stanley 1% 10,145,751 $2,232,775,496
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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