Applied Materials (NASDAQ:AMAT) Given New $220.00 Price Target at KeyCorp

Key Points

• KeyCorp has raised the price target for Applied Materials (NASDAQ:AMAT) from $200.00 to $220.00, implying a potential upside of 9.71% from its current stock price.
• Applied Materials demonstrated strong financial performance with an EPS of $2.48 for the last quarter, surpassing estimates and showing a 7.7% year-over-year revenue increase.
• The stock has received mixed ratings from analysts, with a current consensus of "Moderate Buy" and a consensus target price of $194.15.

Applied Materials (NASDAQ:AMAT - Get Free Report) had its price objective boosted by analysts at KeyCorp from $200.00 to $220.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the manufacturing equipment provider's stock. KeyCorp's target price would suggest a potential upside of 9.71% from the stock's current price.

AMAT has been the topic of a number of other reports. Redburn Atlantic cut shares of Applied Materials from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $172.00 to $209.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a research note on Friday, August 15th. UBS Group cut their target price on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Finally, Barclays increased their target price on shares of Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Applied Materials has a consensus rating of "Moderate Buy" and a consensus target price of $194.15.

Applied Materials Price Performance

AMAT opened at $200.52 on Tuesday. Applied Materials has a one year low of $123.74 and a one year high of $215.70. 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 company's 50 day simple moving average is $176.36 and its 200-day simple moving average is $165.99. The stock has a market capitalization of $159.74 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results 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 40.96%. The business had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. Applied Materials's revenue was up 7.7% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Institutional Trading of Applied Materials

Several hedge funds and other institutional investors have recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its stake in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials during the 1st quarter worth approximately $29,000. Maseco LLP acquired a new position in Applied Materials during the 2nd quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd increased its position in 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 worth $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

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.

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