Applied Materials (NASDAQ:AMAT) Price Target Raised to $600.00

Applied Materials (NASDAQ:AMAT) had its price target upped by stock analysts at Royal Bank Of Canada from $520.00 to $600.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the manufacturing equipment provider’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.45% from the company’s current price.

AMAT has been the topic of a number of other reports. Barclays raised their target price on shares of Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Cantor Fitzgerald upped their price target on shares of Applied Materials from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. B. Riley Financial reiterated a “buy” rating and issued a $700.00 price target (down from $790.00) on shares of Applied Materials in a research report on Friday. Wolfe Research increased their price target on shares of Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Applied Materials in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded down $23.68 during trading hours on Friday, reaching $510.86. The stock had a trading volume of 5,288,354 shares, compared to its average volume of 8,206,977. The firm has a market cap of $405.60 billion, a price-to-earnings ratio of 48.07, a PEG ratio of 1.38 and a beta of 1.61. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. Applied Materials has a fifty-two week low of $154.46 and a fifty-two week high of $739.67. The firm has a 50-day moving average of $563.06 and a 200-day moving average of $444.45.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts predict that Applied Materials will post 12.22 earnings per share for the current year.

Insider Activity at Applied Materials

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the sale, the director owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary E. Dickerson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the transaction, the chief executive officer owned 1,599,843 shares of the company’s stock, valued at $1,176,236,570.46. This trade represents a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Applied Materials

A number of large investors have recently made changes to their positions in the stock. Verity Asset Management Inc. acquired a new position in Applied Materials in the 2nd quarter valued at about $316,000. Park Place Capital Corp boosted its stake in shares of Applied Materials by 340.1% during the 2nd quarter. Park Place Capital Corp now owns 5,977 shares of the manufacturing equipment provider’s stock worth $4,321,000 after purchasing an additional 4,619 shares during the last quarter. Peak Asset Management LLC boosted its stake in shares of Applied Materials by 29.8% during the 2nd quarter. Peak Asset Management LLC now owns 15,352 shares of the manufacturing equipment provider’s stock worth $11,100,000 after purchasing an additional 3,521 shares during the last quarter. Fiduciary Financial Advisors purchased a new stake in shares of Applied Materials during the second quarter worth about $757,000. Finally, Vega Investment Solutions acquired a new position in shares of Applied Materials in the second quarter valued at approximately $22,681,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Trending Headlines about Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied Materials reported record quarterly revenue of approximately $9.12 billion, up 24.8% year over year, while adjusted earnings of $3.50 per share exceeded the $3.40 consensus estimate. Gross margin reached a record 50.4%, supported by strong demand for equipment used in AI infrastructure and advanced chips. Applied Materials Announces Third Quarter 2026 Results
• Positive Sentiment: Management issued better-than-expected fourth-quarter guidance, projecting revenue of $9.8 billion to $10.8 billion versus a $9.5 billion consensus forecast, and EPS of $3.82 to $4.22 versus expectations of $3.65. Executives also indicated that AI-related demand provides unusually strong visibility into another potential record year in 2027. Applied Materials forecasts quarterly revenue above estimates
• Positive Sentiment: Needham reaffirmed its buy rating and set a $740 price target, implying significant upside from the reference price. Analysts continue to view Applied Materials as a key beneficiary of semiconductor manufacturers’ AI-related capital spending. Needham rating update
• Neutral Sentiment: Investors are likely to monitor equipment orders, DRAM and advanced-packaging demand, China exposure, and whether AI-related capital expenditures remain durable over the next several quarters. These metrics may determine whether the pullback is temporary or signals a broader semiconductor-cycle concern. Key metrics after earnings
• Negative Sentiment: Despite the earnings and guidance beats, shares fell because results did not clear an exceptionally high bar following a sharp rally. Investors questioned whether Applied Materials is growing faster than competitors and remain alert to intensifying competition, potential margin pressure, and a possible peak in the semiconductor capital-spending cycle. Applied Materials slips as investors seek faster growth

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.