FMP

FMP

Enter

Applied Materials, Inc. (NASDAQ:AMAT) Faces Scrutiny Amid Growth Concerns

- (Last modified: Nov 25, 2024 9:36 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Applied Materials, Inc. (NASDAQ:AMAT) is under investigation following a report by Hedgeye, causing a significant stock price drop.
  • Despite controversies, notable figures like Marjorie Taylor Greene have shown interest in investing in the company.
  • The company's stock has experienced significant volatility, with a current market capitalization of approximately $143.85 billion.

Applied Materials, Inc. (NASDAQ:AMAT) is a prominent player in the semiconductor industry, providing equipment, services, and software to enable the manufacture of semiconductor chips. The company competes with other industry giants like Lam Research and KLA Corporation. Recently, Applied Materials has come under scrutiny following a report by Hedgeye, which has raised concerns about the company's growth projections.

Hedgeye's report, released on October 15, 2024, suggested that Applied Materials' management may have presented misleading conclusions about the company's growth. This has led to an investigation by Pomerantz LLP, a firm known for its expertise in corporate and securities litigation. The report's impact was immediate, causing a significant drop in the stock price by $22.87, or 10.69%, closing at $191.02 on the same day.

Despite the ongoing investigation, notable figures like Marjorie Taylor Greene have shown interest in the company. On November 20, 2024, she participated in a purchase transaction involving shares of Applied Materials, valued between $1,001 and $15,000. This indicates that some investors still see potential in the company despite the recent controversies.

Currently, Applied Materials' stock is priced at $174.49, reflecting a decrease of 0.72% today. The stock has experienced fluctuations, with a low of $173.38 and a high of $175.98 during the day's trading. Over the past year, the stock has seen a high of $255.89 and a low of $144.57, indicating significant volatility.

Applied Materials has a market capitalization of approximately $143.85 billion, showcasing its substantial presence in the market. The trading volume for the day stands at 2,311,559 shares, suggesting active investor interest. As the investigation unfolds, investors will be closely monitoring the company's performance and any developments in the case.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep