Applied Materials (NASDAQ:AMAT) Price Target Lowered to $590.00 at Mizuho

Applied Materials (NASDAQ:AMAT) had its target price decreased by research analysts at Mizuho from $650.00 to $590.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the manufacturing equipment provider’s stock. Mizuho’s price objective points to a potential upside of 21.85% from the company’s current price.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $645.00 price target on shares of Applied Materials in a research report on Monday, August 3rd. Wolfe Research upped their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. UBS Group set a $675.00 target price on shares of Applied Materials and gave the company a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada lifted their target price on shares of Applied Materials from $520.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Materials in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $657.76.

Applied Materials Trading Down 1.7%

Shares of AMAT stock opened at $484.19 on Tuesday. The business has a 50-day moving average price of $560.64 and a two-hundred day moving average price of $453.08. Applied Materials has a 12-month low of $154.46 and a 12-month high of $739.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The firm has a market cap of $384.25 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts anticipate that Applied Materials will post 12.73 EPS for the current fiscal year.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at $87,184,361.88. This trade represents a 14.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Prabu G. Raja sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the transaction, the insider owned 346,642 shares in the company, valued at $219,608,106.26. The trade was a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 276,692 shares of company stock worth $169,030,834 over the last ninety days. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. JFS Wealth Advisors LLC increased its stake in shares of Applied Materials by 4.3% during the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after buying an additional 17 shares during the period. Innovative Asset Advisors Group LLC lifted its stake in Applied Materials by 2.1% in the second quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock worth $695,000 after acquiring an additional 20 shares during the period. Stonebridge Financial Group LLC lifted its stake in Applied Materials by 2.1% in the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after acquiring an additional 21 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in Applied Materials by 5.9% in the second quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock valued at $273,000 after acquiring an additional 21 shares in the last quarter. Finally, IMG Wealth Management Inc. boosted its holdings in Applied Materials by 13.0% in the second quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock valued at $132,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

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.