Applied Materials (NASDAQ:AMAT) Price Target Raised to $350.00 at Bank of America

Applied Materials (NASDAQ:AMAT) had its price target hoisted by analysts at Bank of America from $300.00 to $350.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the manufacturing equipment provider’s stock. Bank of America‘s price objective suggests a potential upside of 13.92% from the company’s current price.

A number of other analysts have also commented on AMAT. TD Cowen boosted their target price on Applied Materials from $260.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Cowen reissued a “buy” rating on shares of Applied Materials in a research note on Thursday, December 4th. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Applied Materials in a report on Friday, November 14th. Stifel Nicolaus increased their target price on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Evercore ISI reissued an “outperform” rating and issued a $290.00 price target on shares of Applied Materials in a research report on Friday, November 14th. Twenty-one analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.59.

Applied Materials Price Performance

Shares of AMAT opened at $307.24 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The stock has a market cap of $243.62 billion, a PE ratio of 35.40, a PEG ratio of 3.12 and a beta of 1.67. Applied Materials has a 12-month low of $123.74 and a 12-month high of $309.50. The business has a 50-day simple moving average of $255.04 and a two-hundred day simple moving average of $214.59.

Applied Materials (NASDAQ:AMAT) last posted its 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 net margin of 24.67% and a return on equity of 39.26%. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm posted $2.32 EPS. The company’s revenue for the quarter 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. Analysts anticipate that Applied Materials will post 9.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Teri A. Little sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total value of $952,960.00. Following the transaction, the senior vice president directly owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Adam Sanders sold 609 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This trade represents a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,609 shares of company stock valued at $2,044,898 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Applied Materials

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Research Global Investors increased its stake in Applied Materials by 225.4% in the 3rd quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock worth $3,046,057,000 after acquiring an additional 10,305,182 shares during the last quarter. Norges Bank purchased a new position in shares of Applied Materials during the second quarter worth about $1,604,002,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Applied Materials by 617.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock worth $1,869,170,000 after purchasing an additional 7,856,576 shares during the last quarter. Sanders Capital LLC purchased a new stake in Applied Materials in the second quarter valued at approximately $1,409,320,000. Finally, Alliancebernstein L.P. raised its stake in Applied Materials by 72.5% in the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after purchasing an additional 5,700,349 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

About Applied Materials

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.