Applied Materials (NASDAQ:AMAT) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Key Points

• Goldman Sachs raised the price target for Applied Materials from $215 to $250, suggesting a potential upside of 13.95% from its current price.
• The stock currently holds a mix of ratings, with seventeen analysts suggesting a buy, thirteen a hold, and one a sell, resulting in an average rating of "Moderate Buy."
• Applied Materials reported a quarterly earnings per share (EPS) of $2.48, exceeding analyst estimates and marking a 7.7% year-over-year revenue growth.

Applied Materials (NASDAQ:AMAT - Get Free Report) had its price objective raised by equities researchers at The Goldman Sachs Group from $215.00 to $250.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the manufacturing equipment provider's stock. The Goldman Sachs Group's target price would suggest a potential upside of 13.95% from the stock's current price.

A number of other research analysts have also recently commented on the company. TD Cowen reduced their price objective on Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. Cantor Fitzgerald restated an "overweight" rating and set a $225.00 price target on shares of Applied Materials in a research note on Friday, October 3rd. Wall Street Zen cut Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Wells Fargo & Company lifted their price target on Applied Materials from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $197.81.

Applied Materials Trading Up 0.9%

Shares of AMAT stock traded up $1.89 on Thursday, hitting $219.40. 3,673,264 shares of the stock traded hands, compared to its average volume of 7,624,051. The firm's 50-day moving average price is $181.20 and its two-hundred day moving average price is $170.63. Applied Materials has a twelve month low of $123.74 and a twelve month high of $226.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock has a market capitalization of $174.78 billion, a PE ratio of 26.13, a PEG ratio of 2.77 and a beta of 1.82.

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

Hedge Funds Weigh In On Applied Materials

Institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Applied Materials by 1.0% in the second quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider's stock worth $7,125,265,000 after acquiring an additional 391,540 shares during the period. Geode Capital Management LLC raised its position in shares of Applied Materials by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider's stock worth $3,836,807,000 after acquiring an additional 407,282 shares in the last quarter. Alliancebernstein L.P. increased its stake in 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 purchasing an additional 5,700,349 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Applied Materials by 13.7% during the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider's stock worth $1,635,992,000 after acquiring an additional 1,075,525 shares during the period. Finally, Norges Bank acquired a new stake in Applied Materials in the second quarter valued at approximately $1,604,002,000. 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.

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