Cantor Fitzgerald Reiterates Overweight Rating for Applied Materials (NASDAQ:AMAT)

Applied Materials (NASDAQ:AMAT)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They currently have a $225.00 price objective on the manufacturing equipment provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 3.43% from the stock’s previous close.

A number of other equities research analysts have also commented on AMAT. Wolfe Research decreased their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Redburn Atlantic lowered Applied Materials from a “strong-buy” rating to a “hold” rating and lowered their target price for the company from $225.00 to $200.00 in a research note on Monday, July 7th. UBS Group cut their price target on Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Daiwa Capital Markets reissued a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Finally, Bank of America restated a “neutral” rating and issued a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.12.

Applied Materials Trading Down 2.7%

Shares of AMAT opened at $217.53 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $173.29 billion, a PE ratio of 25.93, a PEG ratio of 2.85 and a beta of 1.82. Applied Materials has a 1 year low of $123.74 and a 1 year high of $226.41. The stock has a 50 day simple moving average of $179.50 and a 200-day simple moving average of $169.41.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts predict that Applied Materials will post 9.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Runnymede Capital Advisors Inc. raised its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the 1st quarter valued at about $29,000. Maseco LLP bought a new stake in shares of Applied Materials in the second quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Activest Wealth Management boosted its position in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 213 shares during the period. Institutional investors own 80.56% of the company’s stock.

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.