Wells Fargo & Company Increases Applied Materials (NASDAQ:AMAT) Price Target to $255.00

Applied Materials (NASDAQ:AMAT) had its target price lifted by stock analysts at Wells Fargo & Company from $250.00 to $255.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the manufacturing equipment provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 13.56% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Applied Materials in a report on Friday. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price for the company. in a research report on Friday, August 15th. Sanford C. Bernstein restated an “outperform” rating and set a $250.00 target price on shares of Applied Materials in a research report on Friday. Finally, KeyCorp boosted their price objective on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.07.

Applied Materials Price Performance

Shares of AMAT stock traded up $1.33 on Friday, reaching $224.56. The company’s stock had a trading volume of 9,408,838 shares, compared to its average volume of 7,620,147. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $178.89 billion, a P/E ratio of 26.76, a PEG ratio of 2.95 and a beta of 1.84. The stock’s 50 day simple moving average is $211.01 and its 200-day simple moving average is $186.28. Applied Materials has a 12-month low of $123.74 and a 12-month high of $242.50.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. As a group, equities analysts predict that Applied Materials will post 9.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Materials

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after buying an additional 2,771 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Applied Materials by 155.8% in the first quarter. Edgestream Partners L.P. now owns 13,098 shares of the manufacturing equipment provider’s stock worth $1,901,000 after purchasing an additional 7,978 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in Applied Materials by 13.5% during the first quarter. Dynasty Wealth Management LLC now owns 6,937 shares of the manufacturing equipment provider’s stock valued at $1,007,000 after acquiring an additional 825 shares during the period. Bailard Inc. raised its stake in shares of Applied Materials by 4.1% in the first quarter. Bailard Inc. now owns 27,453 shares of the manufacturing equipment provider’s stock valued at $3,984,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Patton Albertson Miller Group LLC increased its stake in Applied Materials by 3.5% in the first quarter. Patton Albertson Miller Group LLC now owns 34,686 shares of the manufacturing equipment provider’s stock valued at $5,034,000 after acquiring an additional 1,177 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.