Cantor Fitzgerald Lowers Applied Materials (NASDAQ:AMAT) Price Target to $200.00

Applied Materials (NASDAQ:AMAT) had its price objective decreased by analysts at Cantor Fitzgerald from $220.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the manufacturing equipment provider’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 23.64% from the stock’s current price. Cantor Fitzgerald also issued estimates for Applied Materials’ FY2026 earnings at $9.86 EPS.

A number of other research firms have also recently weighed in on AMAT. Mizuho dropped their target price on shares of Applied Materials from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America reaffirmed a “neutral” rating and issued a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a report on Friday. Evercore ISI reissued an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a report on Friday. Stifel Nicolaus decreased their target price on Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group began coverage on Applied Materials in a research note on Thursday, July 10th. They issued a “buy” rating and a $225.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average price target of $194.84.

Applied Materials Stock Down 14.1%

Shares of NASDAQ:AMAT opened at $161.76 on Friday. Applied Materials has a 1 year low of $123.74 and a 1 year high of $215.70. The company has a market capitalization of $129.81 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.70. The business has a fifty day moving average price of $184.18 and a two-hundred day moving average price of $166.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 41.31%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. Analysts forecast that Applied Materials will post 9.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Adam Sanders sold 562 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares of the company’s stock, valued at approximately $946,580. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in Applied Materials by 1.0% during the second quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider’s stock worth $7,125,265,000 after buying an additional 391,540 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Applied Materials by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock valued at $3,836,807,000 after acquiring an additional 407,282 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Applied Materials by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after acquiring an additional 5,700,349 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Applied Materials by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider’s stock worth $1,663,780,000 after purchasing an additional 1,602,645 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Applied Materials by 13.7% in the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider’s stock worth $1,635,992,000 after purchasing an additional 1,075,525 shares during 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 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.