Applied Materials (NASDAQ:AMAT) Price Target Cut to $475.00 by Analysts at B. Riley Financial

Applied Materials (NASDAQ:AMAT) had its price objective reduced by analysts at B. Riley Financial from $700.00 to $475.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the manufacturing equipment provider’s stock. B. Riley Financial‘s target price suggests a potential upside of 31.41% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Citigroup reiterated a “buy” rating and issued a $710.00 target price (up from $550.00) on shares of Applied Materials in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $515.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Mizuho reduced their price target on shares of Applied Materials from $650.00 to $590.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Berenberg Bank lifted their price target on shares of Applied Materials from $575.00 to $675.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, The Goldman Sachs Group upped their price objective on Applied Materials from $645.00 to $670.00 and gave the company a “buy” rating in a report on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $625.76.

Applied Materials Trading Up 8.6%

AMAT stock opened at $361.46 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. Applied Materials has a 12-month low of $203.40 and a 12-month high of $739.67. The stock has a market cap of $286.86 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 0.65 and a beta of 1.67. The business’s 50-day moving average is $444.84 and its 200 day moving average is $444.66.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. The business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, sell-side analysts anticipate that Applied Materials will post 12.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 725 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the sale, the chief accounting officer owned 3,181 shares of the company’s stock, valued at $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,225 shares of company stock valued at $4,454,181 over the last 90 days. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Applied Materials

A number of institutional investors have recently modified their holdings of the company. Phoenix Financial Ltd. boosted its stake in shares of Applied Materials by 0.5% in the third quarter. Phoenix Financial Ltd. now owns 172,413 shares of the manufacturing equipment provider’s stock valued at $88,193,000 after purchasing an additional 821 shares during the period. Danica Pension Livsforsikringsaktieselskab grew its holdings in shares of Applied Materials by 33.3% in the third quarter. Danica Pension Livsforsikringsaktieselskab now owns 106,857 shares of the manufacturing equipment provider’s stock valued at $54,645,000 after purchasing an additional 26,682 shares in the last quarter. Danske Bank A S grew its holdings in shares of Applied Materials by 1.7% in the third quarter. Danske Bank A S now owns 505,590 shares of the manufacturing equipment provider’s stock valued at $258,549,000 after purchasing an additional 8,496 shares in the last quarter. McKinney Capital Management LLC purchased a new stake in Applied Materials during the 3rd quarter worth approximately $3,385,000. Finally, Wellington Grp LLC increased its stake in Applied Materials by 424.1% during the 3rd quarter. Wellington Grp LLC now owns 8,260 shares of the manufacturing equipment provider’s stock worth $4,224,000 after buying an additional 6,684 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Company Profile

Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.

The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.