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Applied Materials (AMAT) Stock Forecast, Price & News

+0.98 (+0.73%)
(As of 09/27/2023 ET)
Today's Range
50-Day Range
52-Week Range
6.30 million shs
Average Volume
6.04 million shs
Market Capitalization
$113.39 billion
P/E Ratio
Dividend Yield
Price Target

Applied Materials MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
11.4% Upside
$150.41 Price Target
Short Interest
2.39% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.85mentions of Applied Materials in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth
From $7.90 to $7.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Computer And Technology Sector

151st out of 604 stocks

Semiconductors & Related Devices Industry

28th out of 88 stocks

AMAT stock logo

About Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. is a global leader in providing innovative materials engineering solutions to the semiconductor, display, and related industries. Founded in 1967, the company's mission is to create customer value by developing technologies that enable them to build transformative products and drive their growth. With a commitment to sustainability and social responsibility, Applied Materials is dedicated to positively impacting the environment, communities, and society.

Applied Materials offers a wide range of products and services that enable customers to manufacture advanced semiconductors, flat panel displays, and solar photovoltaic cells. The company's product portfolio includes chemical and physical vapor deposition equipment, etch, cleaning, and metrology. Applied Materials also provides advanced software, automation, and services to optimize the performance and efficiency of its equipment and enable customers to reduce their time-to-market and manufacturing costs.

Applied Materials serves diverse semiconductor, display, and solar customers, including leading semiconductor manufacturers, foundries, memory and logic device makers, and display panel manufacturers. Some of the company's key customers include Samsung, Intel, TSMC, and Micron.

Headquartered in Santa Clara, California, Applied Materials has a global presence with operations in over 20 countries. The company has a strong track record of innovation and has been recognized for its achievements and contributions to the industry. In 2020, Applied Materials was named to the Dow Jones Sustainability World Index for the 16th consecutive year, reflecting its commitment to sustainability and social responsibility.

A seasoned management team leads Applied Materials with decades of experience in semiconductors and related industries. The company's Chief Executive Officer is Gary Dickerson, who has been with Applied Materials since 2013 and has led the company through sustained growth and innovation. Other key management team members include Brice Hill, Chief Financial Officer and Omkaram Nalamasu, Chief Technology Officer.

Applied Materials has delivered strong financial performance over the past few years, driven by the growing demand for advanced semiconductor and display technologies. The company has been reporting modest increases in revenue, net income, and profit margin over the past several years. 

Applied Materials' valuation metrics align with its industry peers with price-to-earnings and price-to-book ratios that parallel the industry. Its strong financial performance, growth prospects, and favorable industry trends support its valuation. Applied Materials' stock price has been on an upward trend over the past few years, driven by the company's strong financial performance and growth prospects. However, the company's stock price has been somewhat volatile in recent months due to global supply chain disruptions and geopolitical tensions.

The semiconductor industry has been experiencing strong growth in recent years, driven by the increasing demand for advanced electronics and digitalization. However, the industry faces significant challenges, including rising geopolitical tensions, global supply chain disruptions, and regulatory pressures. Given its strong technology portfolio and established customer relationships, Applied Materials is well-positioned to capitalize on the industry's growth prospects. The company also faces intense competition from industry peers such as Lam Research and ASML.

Given the industry's strong growth prospects, many governments worldwide are investing heavily in developing their semiconductor industries to reduce reliance on imports and enhance national security. This has led to increased competition and regulatory pressures in the industry, which could impact Applied Materials' growth prospects and profitability.

In addition, the industry is subject to significant cyclical fluctuations, which can lead to sharp declines in demand and revenue. This can be particularly challenging for Applied Materials, which relies heavily on the semiconductor industry for its revenue and profits.

To mitigate these risks, Applied Materials is focused on expanding its product portfolio, diversifying its customer base, and investing in research and development to maintain its competitive edge. The company also works closely with governments and industry partners to promote open trade and reduce regulatory barriers.

Another growth opportunity for Applied Materials is its leadership in developing equipment for manufacturing OLED displays, which are used in high-end smartphones and televisions. The company's innovations in this area have helped to reduce the cost of manufacturing OLED displays and increase their performance, making them more accessible to a broader range of consumers.

While Applied Materials is well-positioned for growth, the company faces several risks and challenges. One of the biggest challenges is the cyclicality of the semiconductor industry, which can lead to fluctuations in demand and revenue. The industry is also subject to significant geopolitical risks, such as trade tensions between the US and China, which can impact demand for semiconductors and disrupt supply chains.

In addition, there is intense competition in the semiconductor equipment market, with some well-established players and new entrants vying for market share. Applied Materials faces stiff competition from companies like ASML, Lam Research, and KLA, which also provide equipment and services for semiconductor manufacturing.

To mitigate these risks, Applied Materials has implemented a number of risk management strategies, including diversifying its customer base and product offerings, investing in R&D to maintain its competitive edge, and maintaining a strong balance sheet to weather industry downturns.

AMAT Price History

AMAT Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Investing Legend Warns: NVIDIA is a "Delusion"
Irrational investment in this tech giant may have made it “too big to succeed” says this renowned expert. Read this before you buy shares.
Applied Materials may expand footprint in Pflugerville
What's Happening With Applied Materials Stock?
Applied Materials' (AMAT) "Buy" Rating Reaffirmed at Mizuho
Applied Materials (NASDAQ:AMAT) Shares Gap Down to $144.57
Why Intel, Broadcom, and Applied Materials Plunged Today
17 Analysts Have This to Say About Applied Mat
Why Applied Materials Stock Is Falling
See More Headlines
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AMAT Company Calendar

Last Earnings
Ex-Dividend for 9/14 Dividend
Dividend Payable
Fiscal Year End
Next Earnings (Estimated)

Industry, Sector and Symbol

Semiconductors & related devices
Semiconductor Equipment
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
30 Analysts


Net Income
$6.53 billion
Pretax Margin


Sales & Book Value

Annual Sales
$25.79 billion
Cash Flow
$8.20 per share
Book Value
$17.98 per share


Free Float
Market Cap
$112.40 billion

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Key Executives

  • Mr. Gary E. DickersonMr. Gary E. Dickerson (Age 66)
    Pres, CEO & Exec. Director
    Comp: $2.62M
  • Mr. Brice A. HillMr. Brice A. Hill (Age 56)
    SVP, CFO & leads Global Information Services
    Comp: $3.02M
  • Dr. Omkaram NalamasuDr. Omkaram Nalamasu (Age 65)
    Sr. VP, CTO & Chair of the Growth Technical Advisory Board
    Comp: $1.16M
  • Dr. Prabu G. Raja Ph.D. (Age 60)
    Pres of Semiconductor Products Group
    Comp: $1.52M
  • Mr. Timothy M. DeaneMr. Timothy M. Deane
    Group VP of Applied Global Services
  • Mr. Jeff Bodner (Age 55)
    Corp. VP, Corp. Controller & Chief Accounting Officer
  • Mr. Michael Sullivan
    VP of Investor Relations
  • Ms. Teri A. LittleMs. Teri A. Little (Age 58)
    Sr. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Joseph M. Pon
    Corp. VP of Communications, Public Affairs & Workplace
  • Ms. Susan J. Schmitt Winchester (Age 60)
    Sr. VP & Chief HR Officer

AMAT Stock - Frequently Asked Questions

Should I buy or sell Applied Materials stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMAT shares.
View AMAT analyst ratings
or view top-rated stocks.

What is Applied Materials' stock price forecast for 2023?

30 analysts have issued 1-year price targets for Applied Materials' shares. Their AMAT share price forecasts range from $92.00 to $271.00. On average, they predict the company's stock price to reach $150.41 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for AMAT
or view top-rated stocks among Wall Street analysts.

How have AMAT shares performed in 2023?

Applied Materials' stock was trading at $97.38 at the beginning of 2023. Since then, AMAT stock has increased by 37.5% and is now trading at $133.88.
View the best growth stocks for 2023 here

When is Applied Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our AMAT earnings forecast

How were Applied Materials' earnings last quarter?

Applied Materials, Inc. (NASDAQ:AMAT) posted its quarterly earnings results on Thursday, August, 17th. The manufacturing equipment provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. The manufacturing equipment provider earned $6.43 billion during the quarter, compared to analyst estimates of $6.15 billion. Applied Materials had a trailing twelve-month return on equity of 49.29% and a net margin of 24.27%. Applied Materials's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS.
Read the conference call transcript

How often does Applied Materials pay dividends? What is the dividend yield for Applied Materials?

Applied Materials announced a quarterly dividend on Thursday, September 7th. Stockholders of record on Friday, November 24th will be given a dividend of $0.32 per share on Thursday, December 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Read our dividend analysis for AMAT

Is Applied Materials a good dividend stock?

Applied Materials (NASDAQ:AMAT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.94%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 16.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAT will have a dividend payout ratio of 16.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAT.

How will Applied Materials' stock buyback program work?

Applied Materials announced that its board has authorized a stock repurchase plan on Monday, March 13th 2023, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

What guidance has Applied Materials issued on next quarter's earnings?

Applied Materials issued an update on its fourth quarter 2023 earnings guidance on Thursday, August, 17th. The company provided EPS guidance of $1.82-$2.18 for the period, compared to the consensus estimate of $1.61. The company issued revenue guidance of $6.11 billion-$6.91 billion, compared to the consensus revenue estimate of $5.86 billion.

What is Gary Dickerson's approval rating as Applied Materials' CEO?

1,064 employees have rated Applied Materials Chief Executive Officer Gary Dickerson on Glassdoor.com. Gary Dickerson has an approval rating of 93% among the company's employees. This puts Gary Dickerson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Applied Materials to a friend.

What other stocks do shareholders of Applied Materials own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Materials investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), Cisco Systems (CSCO), Lam Research (LRCX), QUALCOMM (QCOM), Walt Disney (DIS) and Netflix (NFLX).

What is Applied Materials' stock symbol?

Applied Materials trades on the NASDAQ under the ticker symbol "AMAT."

Who are Applied Materials' major shareholders?

Applied Materials' stock is owned by many different retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (96.26%), BlackRock Inc. (8.52%), State Street Corp (4.54%), Capital World Investors (4.35%), Capital International Investors (2.48%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include Brice Hill, Daniel Durn, Gary E Dickerson, Gary E Dickerson, Ginetto Addiego, Omkaram Nalamasu, Prabu G Raja, Teri A Little, Thomas J Iannotti, Timothy M Deane and Xun Chen.
View institutional ownership trends

How do I buy shares of Applied Materials?

Shares of AMAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Applied Materials' stock price today?

One share of AMAT stock can currently be purchased for approximately $133.88.

How much money does Applied Materials make?

Applied Materials (NASDAQ:AMAT) has a market capitalization of $112.40 billion and generates $25.79 billion in revenue each year. The manufacturing equipment provider earns $6.53 billion in net income (profit) each year or $7.58 on an earnings per share basis.

How many employees does Applied Materials have?

The company employs 33,000 workers across the globe.

Does Applied Materials have any subsidiaries?
The following companies are subsidiares of Applied Materials: AKT America LLC, AKT Godo Kaisha, ATMI - Treatment Systems business, Advent Solar, Applied Films Corporation, Applied Materials (China) Holdings Ltd., Applied Materials (China) Inc., Applied Materials (Holdings), Applied Materials (Shanghai) Co. Ltd., Applied Materials (Xi'an) Ltd., Applied Materials Asia-Pacific LLC, Applied Materials Belgium N.V., Applied Materials Canada Inc., Applied Materials China Limited, Applied Materials Deutschland Holding GmbH, Applied Materials Display Equipment (Shanghai) Co. Ltd., Applied Materials Europe B.V., Applied Materials France, Applied Materials GmbH, Applied Materials GmbH & Co. KG, Applied Materials Holdings S.à r.l., Applied Materials Hong Kong Limited, Applied Materials India Private Limited, Applied Materials Ireland Limited, Applied Materials Israel Ltd., Applied Materials Italia S.r.l., Applied Materials Japan Inc., Applied Materials Korea Ltd., Applied Materials Luxembourg 2 S.à r.l., Applied Materials Netherlands B.V., Applied Materials Philippines LLC, Applied Materials Singapore Technology Pte. Ltd., Applied Materials South East Asia Pte. Ltd., Applied Materials Switzerland S.à r.l. in liquidation, Applied Materials Taiwan Ltd., Applied Materials U.S. Holdings LLC, Applied Materials UK Limited, Applied Materials Verwaltung GmbH, Applied Materials WEB Coating GmbH, Applied Ventures ITIC Innovation Fund GP LLC, Applied Ventures Innovation Fund I L.P., Applied Ventures Investment Management GP I LLC, Applied Ventures LLC, Baccini, Baccini Kesheng Italia S.r. l., Baccini Kesheng Pte. Ltd., Boxer Cross, Brooks Software, Consilium Inc., DMO Systems Limited, Electron Vision Corp., Etec Systems, Global Knowledge Services, HCT Shaping Systems, Hitachi Kokusai Electric, ICT Integrated Circuit Testing GmbH, Kunshan Tango Semiconductor Equipment Co. Ltd., Lin-gang Special Area Applied Materials (Shanghai) Co. Ltd., MDLSoft LLC, MDLab S.r. l. in liquidation, Mecatronix GmbH, Metron Technology Ltd, NP Komplete Technologies B.V., Obsidian Inc., Opal Inc., Oramir, Orbot Instruments, Perceptive Engineering, Perceptive Engineering Limited, Perceptive Engineering Pte. Ltd., Sage Design Automation LLC, Sage Design Automation Ltd., Semitool Inc., Sigmameltec Ltd., Tango Systems LLC, Think Silicon, Think Silicon Research and Technology Single Member S.A. (Think Silicon S.A.), Torrex Equipment, Varian Semiconductor Equipment Associates Inc., and Veranome Biosystems LLC.
Read More
How can I contact Applied Materials?

Applied Materials' mailing address is 3050 Bowers Avenue P.O. Box 58039, Santa Clara CA, 95052. The official website for the company is www.appliedmaterials.com. The manufacturing equipment provider can be reached via phone at (408) 727-5555, via email at investor_relations@amat.com, or via fax at 408-748-9943.

This page (NASDAQ:AMAT) was last updated on 9/27/2023 by MarketBeat.com Staff

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