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Applied Materials - AMAT Stock Forecast, Price & News

$106.00
-2.49 (-2.30%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$104.12
$107.27
50-Day Range
$86.00
$112.46
52-Week Range
$82.67
$167.06
Volume
5.49 million shs
Average Volume
8.06 million shs
Market Capitalization
$92.21 billion
P/E Ratio
14.13
Dividend Yield
0.96%
Price Target
$146.04

Applied Materials MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
37.8% Upside
$146.04 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.37
Upright™ Environmental Score
News Sentiment
0.52mentions of Applied Materials in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.29 M Sold Last Quarter
Proj. Earnings Growth
12.38%
From $7.43 to $8.35 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Computer And Technology Sector

35th out of 667 stocks

Semiconductors & Related Devices Industry

6th out of 97 stocks

AMAT stock logo

About Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. The company operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMAT shares. Susquehanna Bancshares reduced their price objective on shares of Applied Materials to $115.00 in a research note on Friday, May 20th. Mizuho lowered their price target on Applied Materials from $180.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, May 20th. Cowen set a $160.00 price objective on Applied Materials in a research report on Monday, June 20th. UBS Group decreased their price target on shares of Applied Materials from $120.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 28th. Finally, Bank of America cut their price objective on shares of Applied Materials from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $146.04.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $108.49 on Wednesday. Applied Materials has a fifty-two week low of $82.67 and a fifty-two week high of $167.06. The company's 50-day moving average is $98.35 and its 200 day moving average is $114.71. The company has a market capitalization of $94.38 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.78 and a beta of 1.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.54 and a current ratio of 2.29.

Applied Materials (NASDAQ:AMAT - Get Rating) last released its quarterly earnings data on Thursday, May 19th. The manufacturing equipment provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.04). The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.35 billion. Applied Materials had a return on equity of 57.17% and a net margin of 27.20%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.63 earnings per share. On average, equities research analysts forecast that Applied Materials will post 7.43 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 24th. Applied Materials's dividend payout ratio is currently 13.87%.

Insider Activity at Applied Materials

In other news, SVP Teri A. Little sold 15,000 shares of Applied Materials stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.30, for a total value of $1,294,500.00. Following the transaction, the senior vice president now owns 93,169 shares in the company, valued at $8,040,484.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

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AMAT Stock News Headlines

This Tech Stock Could Jump Higher Following 30% Gains
Applied Materials (AMAT) Set to Announce Earnings on Thursday
Applied Materials Stock Continues To Slide
See More Headlines
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AMAT Company Calendar

Last Earnings
5/19/2022
Ex-Dividend for 6/16 Dividend
5/25/2022
Dividend Payable
6/16/2022
Today
8/17/2022
Next Earnings (Confirmed)
8/18/2022
Ex-Dividend for 9/15 Dividend
8/24/2022
Dividend Payable
9/15/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:AMAT
CUSIP
03822210
CIK
6951
Employees
27,000
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$146.04
High Stock Price Forecast
$205.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
25 Analysts

Profitability

Net Income
$5.89 billion
Pretax Margin
31.31%

Debt

Sales & Book Value

Annual Sales
$23.06 billion
Cash Flow
$7.14 per share
Book Value
$13.56 per share

Miscellaneous

Free Float
867,337,000
Market Cap
$92.21 billion
Optionable
Optionable
Beta
1.51

Social Links















AMAT Stock - Frequently Asked Questions

Should I buy or sell Applied Materials stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMAT shares.
View AMAT analyst ratings
or view top-rated stocks.

What is Applied Materials' stock price forecast for 2022?

25 brokerages have issued 12 month price objectives for Applied Materials' shares. Their AMAT share price forecasts range from $95.00 to $205.00. On average, they predict the company's share price to reach $146.04 in the next year. This suggests a possible upside of 37.8% 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 2022?

Applied Materials' stock was trading at $157.36 at the start of the year. Since then, AMAT shares have decreased by 32.6% and is now trading at $106.00.
View the best growth stocks for 2022 here
.

When is Applied Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our AMAT earnings forecast
.

How can I listen to Applied Materials' earnings call?

Applied Materials will be holding an earnings conference call on Thursday, August 18th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Applied Materials' earnings last quarter?

Applied Materials, Inc. (NASDAQ:AMAT) released its quarterly earnings results on Thursday, May, 19th. The manufacturing equipment provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by $0.04. The manufacturing equipment provider had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.35 billion. Applied Materials had a trailing twelve-month return on equity of 57.17% and a net margin of 27.20%. The firm's revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 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, June 9th. Shareholders of record on Thursday, August 25th will be given a dividend of $0.26 per share on Thursday, September 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for AMAT
.

Is Applied Materials a good dividend stock?

Applied Materials (NASDAQ:AMAT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.96%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 13.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAT will have a dividend payout ratio of 12.46% 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 of Directors has approved a stock repurchase plan on Friday, March 11th 2022, which authorizes the company to buyback $6,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 5.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

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

Applied Materials issued an update on its third quarter 2022 earnings guidance on Thursday, June, 16th. The company provided earnings per share (EPS) guidance of $1.59-$1.95 for the period, compared to the consensus EPS estimate of $2.04. The company issued revenue guidance of $5.85 billion-$6.65 billion, compared to the consensus revenue estimate of $6.73 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 a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.47%), FMR LLC (1.32%), Northern Trust Corp (1.20%), Price T Rowe Associates Inc. MD (1.05%), UBS Asset Management Americas Inc. (0.80%) and Deutsche Bank AG (0.75%). Insiders that own company stock include Alexander Karsner, Daniel Durn, Dennis D Powell, Gary E Dickerson, Gary E Dickerson, Ginetto Addiego, Omkaram Nalamasu, Prabu G Raja, Stephen R Forrest, Steve G Ghanayem, Teri A Little and Thomas J Iannotti.
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 $106.00.

How much money does Applied Materials make?

Applied Materials (NASDAQ:AMAT) has a market capitalization of $92.21 billion and generates $23.06 billion in revenue each year. The manufacturing equipment provider earns $5.89 billion in net income (profit) each year or $7.50 on an earnings per share basis.

How many employees does Applied Materials have?

The company employs 27,000 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
When was Applied Materials founded?

Applied Materials was founded in 1967.

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 8/17/2022 by MarketBeat.com Staff

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