JPMorgan Chase & Co. Issues Positive Forecast for Applied Materials (NASDAQ:AMAT) Stock Price

Applied Materials (NASDAQ:AMAT) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $220.00 to $260.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the manufacturing equipment provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 15.86% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup reissued a “buy” rating on shares of Applied Materials in a research note on Friday. Morgan Stanley reduced their target price on Applied Materials from $256.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays boosted their price target on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. The Goldman Sachs Group restated a “buy” rating and set a $250.00 price target on shares of Applied Materials in a research note on Friday. Finally, TD Cowen dropped their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.07.

Applied Materials Stock Performance

Shares of AMAT traded up $1.19 on Friday, reaching $224.42. The company’s stock had a trading volume of 9,408,838 shares, compared to its average volume of 7,620,147. The stock’s 50 day simple moving average is $211.01 and its two-hundred day simple moving average is $186.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a market capitalization of $178.78 billion, a P/E ratio of 26.76, a PEG ratio of 2.95 and a beta of 1.84. Applied Materials has a 12-month low of $123.74 and a 12-month high of $242.50.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.06. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the company posted $2.32 EPS. The company’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. Research analysts forecast that Applied Materials will post 9.38 earnings per share for the current fiscal year.

Institutional Trading of Applied Materials

A number of hedge funds have recently made changes to their positions in AMAT. Brighton Jones LLC raised its holdings in shares of Applied Materials by 28.0% during the fourth 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 position in Applied Materials by 155.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,098 shares of the manufacturing equipment provider’s stock worth $1,901,000 after acquiring an additional 7,978 shares during the period. Dynasty Wealth Management LLC grew its stake in shares of Applied Materials by 13.5% in the first quarter. Dynasty Wealth Management LLC now owns 6,937 shares of the manufacturing equipment provider’s stock worth $1,007,000 after purchasing an additional 825 shares in the last quarter. Bailard Inc. increased its holdings in shares of Applied Materials by 4.1% during 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 during the period. Finally, Patton Albertson Miller Group LLC lifted its holdings 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 worth $5,034,000 after purchasing an additional 1,177 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Company Profile

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.