Applied Materials (NASDAQ:AMAT) Earns "Overweight" Rating from Cantor Fitzgerald

Key Points

• Analysts at Cantor Fitzgerald have reaffirmed their "overweight" rating for Applied Materials (NASDAQ:AMAT), setting a price target of $225.00, indicating a potential upside of 0.63% from its previous close.
• Applied Materials reported a Q3 earnings of $2.48 per share, exceeding analysts' expectations of $2.36, with quarterly revenue reaching $7.30 billion, up 7.7% year-over-year.
• Currently, the stock holds a consensus rating of "Moderate Buy" among analysts, with 17 buy ratings, 12 hold ratings, and 1 sell rating.

Applied Materials (NASDAQ:AMAT - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They presently have a $225.00 price target on the manufacturing equipment provider's stock. Cantor Fitzgerald's price objective points to a potential upside of 0.63% from the company's previous close.

Several other equities research analysts have also recently issued reports on AMAT. KeyCorp raised their price target on shares of Applied Materials from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 23rd. Wolfe Research decreased their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. JPMorgan Chase & Co. boosted their price target on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. TD Cowen decreased their price objective on Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Finally, Redburn Atlantic downgraded Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $225.00 to $200.00 in a research report on Monday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average target price of $195.12.

Applied Materials Trading Up 2.7%

Shares of Applied Materials stock opened at $223.59 on Friday. Applied Materials has a 1 year low of $123.74 and a 1 year high of $226.41. 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 business has a 50 day moving average price of $178.86 and a 200 day moving average price of $168.87. The company has a market capitalization of $178.12 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.85 and a beta of 1.82.

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

Hedge Funds Weigh In On Applied Materials

A number of hedge funds have recently made changes to their positions in AMAT. Shelton Wealth Management LLC raised its position in shares of Applied Materials by 1.5% in the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider's stock valued at $622,000 after buying an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC increased its stake in Applied Materials by 0.8% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock worth $1,135,000 after acquiring an additional 51 shares during the period. Narus Financial Partners LLC raised its holdings in Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock valued at $262,000 after acquiring an additional 52 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after acquiring an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC grew its holdings in shares of Applied Materials by 3.4% during the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider's stock worth $293,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors 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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