Applied Materials - AMAT Stock Forecast, Price & News

26 Wall Street equities research 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 equities research analysts is that investors should "buy" AMAT shares.
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26 Wall Street analysts have issued 1 year price objectives for Applied Materials' stock. Their AMAT share price forecasts range from $90.00 to $271.00. On average, they predict the company's share price to reach $129.16 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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Applied Materials' stock was trading at $97.38 at the beginning of the year. Since then, AMAT stock has increased by 25.6% and is now trading at $122.29.
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Applied Materials saw a increase in short interest in March. As of March 15th, there was short interest totaling 15,140,000 shares, an increase of 24.1% from the February 28th total of 12,200,000 shares. Based on an average daily volume of 6,520,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.8% of the company's 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) issued its quarterly earnings data 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 analysts' expectations of $6.66 billion. Applied Materials had a net margin of 24.57% and a trailing twelve-month return on equity of 55.08%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share.
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Applied Materials declared a quarterly dividend on Monday, March 13th. Investors of record on Thursday, May 25th will be paid a dividend of $0.32 per share on Thursday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. 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 0.87%. 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 of Directors has authorized a stock repurchase program on Monday, March 13th 2023, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Applied Materials issued an update on 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 many different retail and institutional investors. Top institutional shareholders 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 $122.29.

Applied Materials (NASDAQ:AMAT) has a market capitalization of $103.35 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.