TD Cowen Forecasts Strong Price Appreciation for Applied Materials (NASDAQ:AMAT) Stock

TD Cowen has increased its target price for Applied Materials (NASDAQ:AMAT) from $260 to $315, maintaining a "buy" rating, indicating a potential 17.26% upside. Other analysts have also adjusted their ratings and price targets, with a general consensus of a "Moderate Buy". Applied Materials reported strong quarterly earnings, with a slight revenue decline compared to last year. Insider transactions and institutional investments have been active, with notable stock sales by company executives.

Applied Materials (NASDAQ:AMAT - Get Free Report) had its target price boosted by research analysts at TD Cowen from $260.00 to $315.00 in a report released on Thursday. The brokerage presently has a "buy" rating on the manufacturing equipment provider's stock. TD Cowen's price target indicates a potential upside of 17.26% from the stock's current price.

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Other equities analysts also recently issued research reports about the stock. Bank of America raised shares of Applied Materials from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $250.00 in a report on Monday, October 13th. Summit Insights downgraded Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. DZ Bank raised Applied Materials from a "strong sell" rating to a "hold" rating in a report on Friday, November 14th. KeyCorp raised their price target on Applied Materials from $240.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Citigroup boosted their price objective on Applied Materials from $205.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, November 14th. Twenty equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Applied Materials has an average rating of "Moderate Buy" and an average target price of $234.74.

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Applied Materials Price Performance

Applied Materials: Up 40% in 2025 With Room to Run Long-Term

AMAT opened at $268.63 on Thursday. The company has a market capitalization of $214.00 billion, a P/E ratio of 30.95, a PEG ratio of 2.66 and a beta of 1.67. The company has a 50-day moving average of $228.58 and a 200-day moving average of $194.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61. Applied Materials has a 1-year low of $123.74 and a 1-year high of $269.15.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm earned $2.32 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities analysts expect that Applied Materials will post 9.38 EPS for the current fiscal year.

Insider Transactions at Applied Materials

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In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the firm's stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares of the company's stock, valued at approximately $20,095,782.24. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Adam Sanders sold 609 shares of the company's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the sale, the chief accounting officer directly owned 4,413 shares of the company's stock, valued at approximately $1,127,653.89. This represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,609 shares of company stock worth $2,044,898. Company insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Applied Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFG Advisory LLC grew its holdings in shares of Applied Materials by 1,008.1% during the second quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider's stock valued at $6,619,000 after buying an additional 32,893 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Applied Materials by 23.0% in the second quarter. Atlantic Union Bankshares Corp now owns 12,643 shares of the manufacturing equipment provider's stock worth $2,315,000 after purchasing an additional 2,363 shares in the last quarter. Sienna Gestion boosted its holdings in shares of Applied Materials by 10.2% during the second quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider's stock worth $18,924,000 after purchasing an additional 10,468 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Applied Materials by 31.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 145,277 shares of the manufacturing equipment provider's stock valued at $26,601,000 after purchasing an additional 35,012 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Applied Materials by 13,360.6% in the 2nd quarter. Westfield Capital Management Co. LP now owns 694,431 shares of the manufacturing equipment provider's stock valued at $127,129,000 after buying an additional 689,272 shares during the period. Institutional investors own 80.56% of the company's stock.

About Applied Materials

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Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.

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