FY2027 EPS Estimate for Applied Materials Lifted by Analyst

Applied Materials, Inc. (NASDAQ:AMAT) – Erste Group Bank lifted their FY2027 earnings estimates for Applied Materials in a research report issued on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the manufacturing equipment provider will post earnings of $18.56 per share for the year, up from their previous forecast of $17.13. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Applied Materials’ current full-year earnings is $12.76 per share.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS.

Other research analysts have also issued reports about the company. Bank of America cut their price objective on Applied Materials from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Truist Financial set a $575.00 target price on Applied Materials in a research report on Thursday, May 28th. Susquehanna increased their target price on Applied Materials from $575.00 to $900.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Wolfe Research raised their target price on Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $657.76.

Applied Materials Stock Down 0.7%

Shares of Applied Materials stock opened at $458.46 on Tuesday. The company has a fifty day moving average price of $547.17 and a 200 day moving average price of $458.57. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. Applied Materials has a twelve month low of $154.46 and a twelve month high of $739.67. The stock has a market cap of $363.83 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s payout ratio is currently 18.28%.

Insider Buying and Selling

In related news, SVP Timothy M. Deane sold 8,621 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the sale, the insider owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. This trade represents a 12.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 284,192 shares of company stock worth $172,625,209 over the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Applied Materials

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Financial Management LLC increased its stake in shares of Applied Materials by 45.2% in the second quarter. Cornerstone Financial Management LLC now owns 167 shares of the manufacturing equipment provider’s stock worth $121,000 after buying an additional 52 shares during the last quarter. HORAN Wealth LLC raised its holdings in Applied Materials by 95.6% in the second quarter. HORAN Wealth LLC now owns 1,633 shares of the manufacturing equipment provider’s stock valued at $1,180,000 after acquiring an additional 798 shares in the last quarter. Amundi boosted its stake in Applied Materials by 19.0% during the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock valued at $5,645,344,000 after acquiring an additional 1,246,876 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Applied Materials during the 2nd quarter valued at $124,981,000. Finally, Financial Insights Inc. grew its holdings in Applied Materials by 5.6% during the 2nd quarter. Financial Insights Inc. now owns 1,536 shares of the manufacturing equipment provider’s stock worth $1,111,000 after acquiring an additional 81 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

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.