<div id="readability-page-1"><p><span>Applied Materials (NASDAQ:AMAT - Get Free Report)</span> had its target price lifted by investment analysts at Bank of America  from $465.00 to $540.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the manufacturing equipment provider's stock. Bank of America's price objective suggests a potential upside of 22.71% from the stock's previous close.</p><ul><li>Memory Wipe: The Great TurboQuant Miscalculation</li></ul><p>A number of other research firms also recently weighed in on AMAT. Zacks Research downgraded Applied Materials from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, April 27th. Barclays lifted their price objective on Applied Materials from $450.00 to $500.00 and gave the company an &#34;overweight&#34; rating in a report on Friday. UBS Group  set a $515.00 price objective on Applied Materials in a report on Friday. B. Riley Financial lifted their price objective on Applied Materials from $530.00 to $550.00 and gave the company a &#34;buy&#34; rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Applied Materials from $450.00 to $550.00 and gave the company a &#34;buy&#34; rating in a report on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and seven have issued  a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $454.79.</p><div><p><span></span><span>Get <strong>Applied Materials</strong> alerts:</span></p></div><p><b>Get Our Latest Report on AMAT</b></p><h2>Applied Materials Stock Performance</h2><ul><li>As Tech Earnings Grow, This ETF Still Hasn't Caught Up</li></ul><p>Shares of Applied Materials stock traded down $0.51 during trading on Friday, reaching $440.05. The company's stock had a trading volume of 8,024,194 shares, compared to its average volume of 7,324,263. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71. The business's fifty day moving average price is $377.52 and its 200-day moving average price is $318.62. The firm has a market cap of $349.23 billion, a price-to-earnings ratio of 45.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66. Applied Materials has a one year low of $153.47 and a one year high of $448.45. </p><p>Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter last year, the company earned $2.39 EPS. The company's quarterly revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS.  As a group, equities research analysts predict that  Applied Materials will post 11.16 earnings per share for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>Active ETFs Surge Past Passive, and These Are in the Lead</li></ul><p>In related news, Director Judy Bruner sold 3,969 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $377.02, for a total value of $1,496,392.38. Following the completion of the transaction, the director owned 28,589 shares in the company, valued at $10,778,624.78. The trade was a 12.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Adam Sanders sold 534 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total transaction of $202,471.44. Following the sale, the chief accounting officer owned 4,625 shares of the company's stock, valued at $1,753,615. The trade was a 10.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,003 shares of company stock worth $4,484,189 in the last quarter. Insiders own  0.30% of the company's stock. </p><h2>Hedge Funds Weigh In On Applied Materials</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Freedom LLC acquired a new position in  Applied Materials in the 1st quarter worth $28,000.  Cornerstone Financial Management LLC acquired a new position in shares of  Applied Materials during the 4th quarter worth about $25,000.  Whipplewood Advisors LLC boosted its stake in shares of  Applied Materials by 218.8% during the 1st quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider's stock worth $35,000 after buying an additional 70 shares during the last quarter.  Wilkerson Advisory Group LLC acquired a new position in shares of  Applied Materials during the 4th quarter worth about $26,000.  Finally, MBM Wealth Consultants LLC acquired a new position in shares of  Applied Materials during the 1st quarter worth about $38,000. 80.56% of the stock is owned by institutional investors and hedge funds. </p><h2>Key Stories Impacting Applied Materials</h2><p>Here are the key news stories impacting Applied Materials this week:</p><ul>   <li><span>Positive Sentiment: </span>Applied Materials reported record fiscal Q2 results, with earnings and revenue both topping expectations, showing that AI-related chip equipment demand remains very strong. <i></i><span>Article Title</span></li>   <li><span>Positive Sentiment: </span>The company issued upbeat Q3 guidance above Wall Street estimates, signaling continued momentum from AI infrastructure spending and healthy customer demand. <i></i><span>Article Title</span></li>   <li><span>Positive Sentiment: </span>Wall Street turned more constructive after the report, with multiple firms raising price targets, including JPMorgan, Mizuho, KeyCorp, Morgan Stanley, and Needham, reflecting confidence in multi-year earnings growth. <i></i><span>Article Title</span></li>   <li><span>Positive Sentiment: </span>Analysts highlighted a multi-year AI boom and stronger wafer fab equipment demand, reinforcing the view that Applied Materials could sustain growth through 2027-2028. <i></i><span>Article Title</span></li>   <li><span>Neutral Sentiment: </span>Despite the strong earnings beat, the stock has been volatile intraday as traders react to the large year-to-date rally and broader swings in semiconductor and growth stocks. <i></i><span>Article Title</span></li> </ul><h2>About Applied Materials</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Applied Materials</li><li>Viking Sails to All-Time Highs—Fundamentals Signal More to Come</li><li>Datavalut Gains Traction: 5 Reasons to Sell Now</li><li>TMC Stock: Why This Pre-Revenue Miner Is Worth Watching</li><li>The Power Grid Is Dying—Is It Time to Buy Its Replacement?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QU1BVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QU1BVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Applied Materials Right Now?</h2><p>Before you consider Applied Materials, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Materials wasn't on the list.</p><p>While Applied Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Bank of America has raised its target price for Applied Materials (NASDAQ:AMAT) from $465.00 to $540.00, maintaining a 'buy' rating. This suggests a potential upside of 22.71% from the stock's previous close. Other firms have also adjusted their ratings, with Zacks downgrading to 'hold' and Barclays increasing their target to $500.00. Currently, 28 analysts rate the stock as 'buy' and 7 as 'hold'. Applied Materials reported strong quarterly earnings, exceeding estimates with a revenue of $7.91 billion.</p>

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Bank of America Forecasts Strong Price Appreciation for Applied Materials (NASDAQ:AMAT) Stock