Applied Materials (NASDAQ:AMAT) Given New $200.00 Price Target at Wolfe Research

Key Points

• Wolfe Research has **lowered the price target** for Applied Materials (NASDAQ:AMAT) from $230.00 to $200.00, while maintaining an "outperform" rating.
• Recent trading reports indicate that Applied Materials' stock has fluctuated between a **one-year low of $123.74** and a high of $215.70, with current trading around $188.24.
• Analysts have diverse views on the stock, with **eleven analysts giving a hold rating**, while seventeen have rated it as a buy, indicating mixed but generally positive sentiments from investment professionals.

Applied Materials (NASDAQ:AMAT - Get Free Report) had its price target decreased by equities research analysts at Wolfe Research from $230.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the manufacturing equipment provider's stock. Wolfe Research's price target would suggest a potential upside of 23.44% from the company's current price.

AMAT has been the subject of several other research reports. Mizuho lifted their price objective on Applied Materials from $195.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Wall Street Zen cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Raymond James Financial reissued an "outperform" rating and set a $200.00 target price (down from $225.00) on shares of Applied Materials in a report on Friday, May 16th. Wells Fargo & Company upped their target price on Applied Materials from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Barclays lifted their price target 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. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and an average target price of $194.84.

Applied Materials Stock Down 0.9%

AMAT traded down $1.5060 during trading on Friday, reaching $162.0240. 3,959,192 shares of the stock 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 stock's 50-day simple moving average is $184.06 and its two-hundred day simple moving average is $166.42. 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 stock has a market cap of $130.02 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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 analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. 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, equities research analysts expect that Applied Materials will post 9.38 EPS for the current year.

Insider Buying and Selling 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. Insiders own 0.24% of the company's stock.

Institutional Trading of Applied Materials

Several institutional investors have recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. boosted its holdings in shares of Applied Materials by 972.2% during 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 during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the first quarter valued at approximately $29,000. Maseco LLP acquired a new stake in shares of Applied Materials during the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 174 shares during the period. Finally, Activest Wealth Management increased its position in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds 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.