Cantor Fitzgerald Lowers Applied Materials (NASDAQ:AMAT) Price Target to $200.00

Key Points

• Cantor Fitzgerald has reduced its price target for Applied Materials from $220.00 to $200.00, while maintaining an "overweight" rating, indicating a potential upside of 6.25% from the previous close.
• Other analysts have similarly adjusted their ratings, with Mizuho also setting a target of $200.00, while Wells Fargo increased theirs to $215.00.
• Applied Materials reported a quarterly earnings EPS of $2.48, exceeding estimates, with revenue showing a year-over-year increase of 7.7%.

Applied Materials (NASDAQ:AMAT - Free Report) had its price objective cut by Cantor Fitzgerald from $220.00 to $200.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the manufacturing equipment provider's stock. Cantor Fitzgerald also issued estimates for Applied Materials' FY2026 earnings at $9.86 EPS.

A number of other equities analysts have also commented on the stock. Raymond James Financial reiterated an "outperform" rating and set a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a report on Friday, May 16th. Citigroup raised their price target on shares of Applied Materials from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Evercore ISI reaffirmed an "outperform" rating and issued a $209.00 price objective on shares of Applied Materials in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Applied Materials from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.84.

Applied Materials Price Performance

Shares of AMAT stock traded down $1.5060 during trading on Friday, hitting $162.0240. The company had a trading volume of 3,959,192 shares, 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 firm has a market capitalization of $130.02 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70. The stock's 50-day moving average price is $184.06 and its 200 day moving average price is $166.42. Applied Materials has a one year low of $123.74 and a one year high of $215.70.

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

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. Applied Materials's dividend payout ratio is presently 21.93%.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. This represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Applied Materials during the second quarter valued at $1,604,002,000. Sanders Capital LLC purchased a new stake in Applied Materials during the second quarter worth about $1,409,320,000. Nuveen LLC acquired a new position in shares of Applied Materials during the first quarter worth about $1,085,600,000. Alliancebernstein L.P. lifted its stake in Applied Materials by 72.5% during the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider's stock worth $2,483,183,000 after purchasing an additional 5,700,349 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Applied Materials in the 2nd quarter valued at approximately $882,396,000. 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.