FY2027 Earnings Estimate for AMAT Issued By Erste Group Bank

Key Points

• Erste Group Bank raised its FY2027 EPS estimate for Applied Materials to $18.67 from $18.59, while maintaining a “Hold” rating. Analysts overall have a “Moderate Buy” consensus, with an average price target of $632.70.
• Applied Materials shares opened at $375.58, down 8.2%, substantially below their 50-day and 200-day moving averages. The company most recently reported quarterly EPS of $3.50 and revenue of $9.12 billion, both above consensus expectations.
• The company declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 and a 0.6% yield. Institutional investors own 80.56% of the stock, while insiders sold approximately $4.45 million worth of shares over the past 90 days.

Applied Materials, Inc. (NASDAQ:AMAT - Free Report) - Analysts at Erste Group Bank raised their FY2027 earnings estimates for Applied Materials in a research report issued on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the manufacturing equipment provider will post earnings per share of $18.67 for the year, up from their previous estimate of $18.59. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Applied Materials' current full-year earnings is $12.79 per share.

A number of other research firms have also issued reports on AMAT. Mizuho dropped their price target on Applied Materials from $650.00 to $590.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $600.00 price objective on shares of Applied Materials in a research report on Wednesday, October 14th. The Goldman Sachs Group boosted their price objective on Applied Materials from $645.00 to $670.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. HSBC dropped their target price on Applied Materials from $683.00 to $641.00 and set a "buy" rating for the company in a report on Friday, August 14th. Finally, Wall Street Zen raised Applied Materials from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Thirty investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $632.70.

Applied Materials Trading Down 8.2%

AMAT opened at $375.58 on Friday. The firm has a market capitalization of $298.06 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 1.14 and a beta of 1.60. The company's 50 day simple moving average is $469.97 and its two-hundred day simple moving average is $487.71. Applied Materials has a 1-year low of $203.40 and a 1-year high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. Applied Materials's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS.

Institutional Investors Weigh In On Applied Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. Gibbs Wealth Management raised its holdings in Applied Materials by 11.6% in the 3rd quarter. Gibbs Wealth Management now owns 18,192 shares of the manufacturing equipment provider's stock valued at $9,303,000 after buying an additional 1,884 shares during the period. Lantern Wealth Advisors LLC boosted its stake in Applied Materials by 15.9% during the third quarter. Lantern Wealth Advisors LLC now owns 869 shares of the manufacturing equipment provider's stock worth $444,000 after buying an additional 119 shares during the period. Garrett Wealth Advisory Group LLC boosted its stake in Applied Materials by 7.9% during the third quarter. Garrett Wealth Advisory Group LLC now owns 1,057 shares of the manufacturing equipment provider's stock worth $541,000 after buying an additional 77 shares during the period. Wedbush Securities Inc. boosted its stake in Applied Materials by 11.3% during the third quarter. Wedbush Securities Inc. now owns 14,135 shares of the manufacturing equipment provider's stock worth $7,228,000 after buying an additional 1,439 shares during the period. Finally, BRIA Capital Group LLC increased its position in shares of Applied Materials by 36.0% during the third quarter. BRIA Capital Group LLC now owns 3,841 shares of the manufacturing equipment provider's stock valued at $1,964,000 after acquiring an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Transactions at Applied Materials

In related news, Director Judy Bruner sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director directly owned 25,544 shares in the company, valued at approximately $11,877,960. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brice Hill sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total value of $3,594,375.00. Following the completion of the transaction, the chief financial officer owned 128,613 shares in the company, valued at $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,225 shares of company stock worth $4,454,181 in the last 90 days. Insiders own 0.30% of the company's stock.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials's dividend payout ratio (DPR) is currently 18.28%.

About Applied Materials

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company's offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.

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