AMAT Stock Summary and Trading Ideas (Applied Materials | NASDAQ:AMAT)

Applied Materials Inc is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Applied Materials trades on the NASDAQ stock market under the symbol AMAT.

As of January 29, 2025, AMAT stock price climbed to $175.28 with 4,915,191 million shares trading.

AMAT has a beta of 2.28, meaning it tends to be more sensitive to market movements. AMAT has a correlation of 0.49 to the broad based SPY ETF.

AMAT has a market cap of $144.86 billion. This is considered a Large Cap stock.

Last quarter Applied Materials reported $7 billion in Revenue and $2.32 earnings per share. This beat revenue expectation by $95 million and exceeded earnings estimates by $.13.

In the last 3 years, AMAT traded as high as $255.89 and as low as $71.12.

The top ETF exchange traded funds that AMAT belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

AMAT has underperformed the market in the last year with a price return of +4.9% while the SPY ETF gained +23.9%. AMAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.6% and -1.7%, respectively, while the SPY returned +3.8% and +1.5%, respectively.

AMAT support price is $168.08 and resistance is $177.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMAT shares will trade within this expected range on the day.