Applied Materials - AMAT Stock Forecast, Price & News

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMAT shares.
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26 brokerages have issued 12 month target prices for Applied Materials' shares. Their AMAT share price forecasts range from $90.00 to $271.00. On average, they anticipate the company's stock price to reach $129.16 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
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Applied Materials' stock was trading at $97.38 at the beginning of 2023. Since then, AMAT shares have increased by 22.0% and is now trading at $118.77.
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Applied Materials saw a increase in short interest in February. As of February 28th, there was short interest totaling 12,200,000 shares, an increase of 18.4% from the February 13th total of 10,300,000 shares. Based on an average trading volume of 6,230,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.5% of the shares of the stock are short sold.
View Applied Materials' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our AMAT earnings forecast.

Applied Materials, Inc. (NASDAQ:AMAT) announced its quarterly earnings results on Thursday, February, 16th. The manufacturing equipment provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.10. The manufacturing equipment provider earned $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Applied Materials had a trailing twelve-month return on equity of 55.08% and a net margin of 24.57%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS.
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Applied Materials announced a quarterly dividend on Monday, March 13th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.32 per share on Thursday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, May 24th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for AMAT.

ETFs with the largest weight of Applied Materials (NASDAQ:AMAT) stock in their portfolio include Engine No. 1 Transform Climate ETF (NETZ), ProShares Smart Materials ETF (TINT), Invesco Dynamic Semiconductors ETF (PSI), ProShares Nanotechnology ETF (TINY), Pacer BlueStar Engineering the Future ETF (BULD), Strive U.S. Semiconductor ETF (SHOC), VanEck Semiconductor ETF (SMH) and First Trust Nasdaq Semiconductor ETF (FTXL).

Applied Materials (NASDAQ:AMAT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.86%. 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 13.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAT will have a dividend payout ratio of 15.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAT.

Applied Materials announced that its board has initiated a stock buyback program on Monday, March 13th 2023, which allows the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Applied Materials updated its second quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of $1.66-$2.02 for the period, compared to the consensus earnings per share estimate of $1.75. The company issued revenue guidance of $6.00 billion-$6.80 billion, compared to the consensus revenue estimate of $5.86 billion.

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.

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).

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

Applied Materials' stock is owned by a number of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.89%), Price T Rowe Associates Inc. MD (1.45%), Norges Bank (1.13%), Morgan Stanley (1.02%), Davis Selected Advisers (0.86%) and Parnassus Investments LLC (0.86%). Insiders that own company stock include Alexander Karsner, 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.
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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.
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One share of AMAT stock can currently be purchased for approximately $118.77.

Applied Materials (NASDAQ:AMAT) has a market capitalization of $100.37 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 $7.46 on an earnings per share basis.

The company employs 33,000 workers across the globe.

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.