Applied Materials (NASDAQ:AMAT) Price Target Lowered to $200.00 at TD Cowen

Key Points

• TD Cowen has revised its price target for Applied Materials from $220.00 to $200.00, implying a potential upside of 6.25% from the stock's previous close, while maintaining a "buy" rating.
• Applied Materials recently reported a quarterly EPS of $2.48, exceeding expectations and showing a year-over-year revenue increase of 7.7% to $7.30 billion.
• Majority of analysts have a consensus rating of "Moderate Buy" for Applied Materials, with institutional investors holding 80.56% of the stock.

Applied Materials (NASDAQ:AMAT - Get Free Report) had its target price reduced by research analysts at TD Cowen from $220.00 to $200.00 in a research report issued on Friday, MarketBeat reports. The firm presently has a "buy" rating on the manufacturing equipment provider's stock. TD Cowen's target price would suggest a potential upside of 23.44% from the stock's current price.

Other research analysts have also issued research reports about the stock. Barclays raised their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. UBS Group restated a "neutral" rating and set a $185.00 target price (up from $175.00) on shares of Applied Materials in a report on Monday, August 4th. Wall Street Zen cut shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. reduced their target price on shares of Applied Materials from $240.00 to $210.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Wells Fargo & Company raised their target price on shares of Applied Materials from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $194.84.

Applied Materials Price Performance

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. Applied Materials has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76. The firm 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 stock has a fifty day simple moving average of $184.06 and a 200-day simple moving average of $166.42.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $2.12 earnings per share. The business's revenue for the quarter 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 research analysts anticipate that Applied Materials will post 9.38 EPS for the current fiscal year.

Insiders Place Their Bets

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 in the company, valued at $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Applied Materials by 1.0% during the second quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider's stock valued at $7,125,265,000 after acquiring an additional 391,540 shares during the period. Geode Capital Management LLC boosted its holdings in Applied Materials by 2.0% in the second quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider's stock valued at $3,836,807,000 after acquiring an additional 407,282 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Applied Materials by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider's stock valued at $2,483,183,000 after acquiring an additional 5,700,349 shares during the last quarter. Northern Trust Corp lifted its stake in Applied Materials by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider's stock valued at $1,663,780,000 after buying an additional 1,602,645 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Applied Materials by 13.7% in the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider's stock valued at $1,635,992,000 after buying an additional 1,075,525 shares during the period. 80.56% of the stock is owned by 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.