Brokerages Set Applied Materials, Inc. (NASDAQ:AMAT) Price Target at $234.74

by · The Markets Daily

Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirty-four research firms that are currently covering the company, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $234.7407.

A number of research firms have issued reports on AMAT. Wolfe Research reduced their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. UBS Group raised Applied Materials from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $285.00 in a report on Tuesday, November 25th. Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $250.00 in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their price target on Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Applied Materials in a report on Monday.

Check Out Our Latest Report on Applied Materials

Applied Materials Trading Up 3.0%

NASDAQ:AMAT opened at $275.15 on Friday. The firm has a market capitalization of $219.20 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.77 and a beta of 1.67. The business has a 50 day simple moving average of $234.92 and a 200 day simple moving average of $198.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87. Applied Materials has a 12-month low of $123.74 and a 12-month high of $276.10.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The company 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 39.26% and a net margin of 24.67%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities research analysts predict that Applied Materials will post 9.38 EPS for the current year.

Insider Transactions at Applied Materials

In other news, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $255.53, for a total value of $155,617.77. Following the completion of the sale, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. This represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Teri A. Little sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the completion of the transaction, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This trade represents a 4.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,609 shares of company stock worth $2,044,898 over the last 90 days. 0.24% of the stock is owned by insiders.

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its position in Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after acquiring an additional 2,771 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Applied Materials by 38,693.3% in the 1st quarter. New Age Alpha Advisors LLC now owns 5,819 shares of the manufacturing equipment provider’s stock worth $844,000 after purchasing an additional 5,804 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Applied Materials by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,830,923 shares of the manufacturing equipment provider’s stock valued at $701,064,000 after purchasing an additional 25,878 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Applied Materials by 20.7% during the first quarter. Chicago Partners Investment Group LLC now owns 6,873 shares of the manufacturing equipment provider’s stock valued at $1,071,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Applied Materials by 47.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 6,040 shares of the manufacturing equipment provider’s stock worth $877,000 after buying an additional 1,951 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Company Profile

(Get Free Report)

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.

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