Analysts Set Applied Materials, Inc. (NASDAQ:AMAT) Price Target at $658.45

Applied Materials, Inc. (NASDAQ:AMAT) has been assigned an average rating of “Moderate Buy” from the thirty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $658.4483.

AMAT has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Truist Financial set a $575.00 price objective on shares of Applied Materials in a research report on Thursday, May 28th. HC Wainwright set a $850.00 price objective on shares of Applied Materials in a report on Monday, June 29th. Bank of America cut their target price on shares of Applied Materials from $720.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, B. Riley Financial reissued a “buy” rating and issued a $700.00 price target (down from $790.00) on shares of Applied Materials in a research note on Friday, August 14th.

Insiders Place Their Bets

In other Applied Materials news, SVP Timothy Deane sold 8,621 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the transaction, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the transaction, the director directly owned 40,559 shares of the company’s stock, valued at $24,326,071.43. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 231,692 shares of company stock valued at $146,114,059 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Harborfront Financial Group LLC purchased a new position in shares of Applied Materials in the 2nd quarter worth about $27,000. Orion Capital Management LLC bought a new stake in shares of Applied Materials in the 2nd quarter worth $33,000. Highland Investment Advisors LLC purchased a new position in shares of Applied Materials in the second quarter worth $33,000. BOK Financial Private Wealth Inc. bought a new position in shares of Applied Materials during the second quarter valued at $41,000. Finally, Financial Freedom LLC bought a new position in shares of Applied Materials during the first quarter valued at $28,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $468.85 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. The company has a 50-day moving average price of $519.80 and a 200-day moving average price of $463.43. The company has a market cap of $372.08 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60. Applied Materials has a 12 month low of $162.55 and a 12 month high of $739.67.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.Applied Materials’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts anticipate that Applied Materials will post 12.76 EPS for the current year.

About Applied Materials

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.