This morning we watched Applied Materials drop -8.0% to a price of $171.06 per share. The Large-Cap Semiconductors company is now trading -25.31% below its average target price of $229.01. Analysts have set target prices ranging from $170.0 to $280.0 per share for Applied Materials, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.78. The company's insiders own 0.3% 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 83.9% of Applied Materials's shares being owned by this investor type.
Institutions Invested in Applied Materials
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Blackrock Inc. | 10% | 79,110,266 | $13,532,205,971 |
| 2024-09-30 | Vanguard Group Inc | 9% | 76,552,309 | $13,094,654,655 |
| 2024-06-30 | State Street Corporation | 5% | 38,135,499 | $6,523,267,502 |
| 2024-09-30 | Capital International Investors | 3% | 20,882,714 | $3,572,092,490 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 19,826,373 | $3,391,400,088 |
| 2024-09-30 | FMR, LLC | 2% | 16,413,112 | $2,807,544,752 |
| 2024-09-30 | Capital World Investors | 2% | 15,824,312 | $2,706,827,573 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 1% | 10,978,640 | $1,877,951,184 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 10,729,450 | $1,835,325,991 |
| 2024-06-30 | Morgan Stanley | 1% | 10,374,260 | $1,774,568,968 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Applied Materials.
