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 |
