Applied Materials' (AMAT) "Neutral" Rating Reaffirmed at Mizuho

Key Points

• Mizuho has reaffirmed a "neutral" rating for Applied Materials (AMAT) with a revised price target of $175.00, down from $200.00, indicating a potential upside of 2.85% from its previous close.
• Analysts have mixed sentiments regarding Applied Materials, with 16 rating it as a Buy, 14 as Hold, and 1 as Sell, resulting in a consensus rating of "Hold".
• The company's recent quarterly earnings showed an increase in revenue by 7.7% year-over-year, with a reported EPS of $2.48, surpassing analyst estimates.

Applied Materials (NASDAQ:AMAT - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Mizuho in a research report issued on Friday, Marketbeat reports. They currently have a $175.00 price objective on the manufacturing equipment provider's stock, down from their previous price objective of $200.00. Mizuho's target price points to a potential upside of 2.85% from the company's previous close.

AMAT has been the topic of a number of other research reports. DZ Bank lowered shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective on the stock. in a research note on Friday, August 15th. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Stifel Nicolaus decreased their price objective on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday, August 15th. Rothschild & Co Redburn downgraded shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a report on Monday, July 7th. Finally, The Goldman Sachs Group started coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 price objective for the company. Sixteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Applied Materials presently has a consensus rating of "Hold" and a consensus price target of $192.92.

Applied Materials Trading Up 4.1%

AMAT opened at $170.15 on Friday. The firm has a market capitalization of $135.55 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.33 and a beta of 1.77. The firm's 50 day moving average is $178.25 and its 200-day moving average is $164.70. Applied Materials has a 52-week low of $123.74 and a 52-week high of $215.70. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials will post 9.38 EPS for the current fiscal year.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Applied Materials

Hedge funds and other institutional investors have recently modified their holdings of the company. Maseco LLP acquired a new stake in Applied Materials in the second quarter worth about $30,000. Financial Gravity Companies Inc. acquired a new stake in Applied Materials during the 2nd quarter worth about $31,000. Howard Hughes Medical Institute acquired a new stake in Applied Materials during the 2nd quarter worth about $32,000. Total Investment Management Inc. acquired a new stake in Applied Materials during the 2nd quarter worth about $33,000. Finally, Runnymede Capital Advisors Inc. raised its holdings in Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds 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.

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