Applied Materials (NASDAQ:AMAT) Earns Outperform Rating from Evercore ISI

Key Points

• Applied Materials' stock received an "outperform" rating from Evercore ISI, with a price target of $209.00, indicating potential upside of 11.03% from its last close.
• Various analysts have adjusted their ratings and price targets for Applied Materials, with Mizuho lowering its target from $220.00 to $200.00 while other firms maintained "buy" or "hold" ratings.
• Applied Materials reported a 7.7% year-over-year revenue increase, with earnings per share of $2.48, exceeding estimates by $0.12.

Applied Materials (NASDAQ:AMAT - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Evercore ISI in a report issued on Friday,Benzinga reports. They currently have a $209.00 target price on the manufacturing equipment provider's stock. Evercore ISI's price target would indicate a potential upside of 28.99% from the company's current price.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Applied Materials from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a research report on Monday, July 7th. Redburn Atlantic downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from $225.00 to $200.00 in a research note on Monday, July 7th. JPMorgan Chase & Co. dropped their target price on shares of Applied Materials from $240.00 to $210.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Citigroup boosted their target price on Applied Materials from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.84.

Applied Materials Stock Down 0.9%

Shares of NASDAQ AMAT traded down $1.5060 during mid-day trading on Friday, reaching $162.0240. 3,959,192 shares of the company traded hands, compared to its average volume of 7,393,113. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.76 and a current ratio of 2.46. The stock has a market cap of $130.02 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70. The company's fifty day moving average is $184.06 and its two-hundred day moving average is $166.42. Applied Materials has a fifty-two week low of $123.74 and a fifty-two week high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts expect that Applied Materials will post 9.38 earnings per share for the current year.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials 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 sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. The trade was a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Applied Materials

Institutional investors and hedge funds have recently made changes to their positions in the business. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter worth $29,000. Maseco LLP bought a new stake in Applied Materials in the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

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.