Applied Materials (NASDAQ:AMAT) Price Target Raised to $390.00

Applied Materials (NASDAQ:AMAT) had its price target upped by analysts at Needham & Company LLC from $260.00 to $390.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the manufacturing equipment provider’s stock. Needham & Company LLC’s price target would suggest a potential upside of 19.26% from the company’s current price.

A number of other equities research analysts have also recently weighed in on AMAT. UBS Group upgraded Applied Materials from a “neutral” rating to a “buy” rating and increased their price target for the company from $250.00 to $285.00 in a research note on Tuesday, November 25th. B. Riley reissued a “buy” rating on shares of Applied Materials in a research report on Thursday. TD Cowen lifted their target price on shares of Applied Materials from $260.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Royal Bank Of Canada began coverage on shares of Applied Materials in a report on Wednesday, January 14th. They issued an “outperform” rating and a $385.00 price target on the stock. Finally, BNP Paribas upgraded shares of Applied Materials to a “hold” rating in a research report on Monday, November 17th. Twenty-three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.89.

Applied Materials Stock Up 2.5%

Shares of AMAT stock opened at $327.01 on Tuesday. Applied Materials has a 52-week low of $123.74 and a 52-week high of $331.00. The stock has a market cap of $259.30 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 3.38 and a beta of 1.67. The firm’s 50-day moving average is $263.24 and its 200-day moving average is $219.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the business earned $2.32 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Sell-side analysts predict that Applied Materials will post 9.38 EPS for the current year.

Insider Transactions at Applied Materials

In related news, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Adam Sanders sold 609 shares of the business’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 transaction of $155,617.77. Following the completion of the transaction, the chief accounting officer owned 4,413 shares of the company’s stock, valued at $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,609 shares of company stock valued at $2,044,898. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Applied Materials

Several hedge funds and other institutional investors have recently modified their holdings of AMAT. Traveka Wealth LLC boosted its stake in Applied Materials by 2.6% in the fourth quarter. Traveka Wealth LLC now owns 1,404 shares of the manufacturing equipment provider’s stock valued at $361,000 after buying an additional 36 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 38 shares in the last quarter. EdgeRock Capital LLC grew its holdings in shares of Applied Materials by 2.5% during the 4th quarter. EdgeRock Capital LLC now owns 1,686 shares of the manufacturing equipment provider’s stock valued at $433,000 after purchasing an additional 41 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Applied Materials by 0.5% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 8,340 shares of the manufacturing equipment provider’s stock worth $1,707,000 after purchasing an additional 43 shares in the last quarter. Finally, REAP Financial Group LLC lifted its stake in Applied Materials by 7.0% in the 3rd quarter. REAP Financial Group LLC now owns 657 shares of the manufacturing equipment provider’s stock valued at $135,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.