Applied Materials, Inc. (NASDAQ:AMAT) [Trend Analysis] has kept up with the changing appetite, stock ascend around 13.81% in early session as it gain volume of 53.38 Million shares, and then traded at $22.66. Applied Materials, Inc. (AMAT) revealed that its results for its second quarter ended May 1, 2016. Second quarter orders were $3.45 billion, up 52 percent sequentially and up 37 percent year over year.
The firm reported that it recorded gross margin of 41.0 percent, operating margin of 17.3 percent, and net income of $320 million or $0.29 per diluted share. On a non-GAAP adjusted basis, the company reported second quarter gross margin of 42.7 percent, operating margin of 19.2 percent, and net income of $376 million or $0.34 per diluted share. The company generated $481 million in cash from operations during the second quarter, paid dividends of $113 million and used $900 million to repurchase 45 million shares of common stock.
Moving toward the volatility measures, the price volatility of stock was 2.69% for a week and 2.00% for a month as well as price volatility’s Average True Range for 14 days was 0.57. The beta, which indicates risk in relegation to the market, remained 1.77. The firm past twelve months price to sales ratio was 2.36 and price to cash ratio remained 8.53. As far as the returns are concern, the return on equity was recorded as 17.30% and return on investment was 12.10%, while its return on asset stayed at 9.30%.
For current month, 1 analyst from pool recommended for an “overweight” rating, while 19 gave rating of “Buy” and 3 analysts suggest to “Hold” and 1 gave preference to “underweight,” according to research rating by WSJ. While alarming thing to be notice is price target, the average pool price target for AMAT has been mentioned as; 31.00 tends to high price target, medium level touched to 25.00, and 17.00 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 25.18, where as the current price is 22.66, as per research conducted by WSJ.
The liquidity measure in recent quarter results of company was recorded 2.60 as current ratio, on the other side the debt to equity ratio was 0.51. The Company has gross margin of 40.90% and profit margin was positive 13.30% in trailing twelve months.
Applied Materials, Inc. (NASDAQ:AMAT) is ahead its 52 week low with 60.78%and going up from its 52 week high price with 4.57%. The company’s shares performance for the last one month was 8.16% and 15.55% in the previous week. The stock price of firm is moving up from its 20 days moving average with 12.06% and remote isolated positively from 50 days moving average with 10.34%.