FY2027 Earnings Estimate for AMAT Issued By Erste Group Bank

Applied Materials, Inc. (NASDAQ:AMAT) – Stock analysts at Erste Group Bank upped their FY2027 earnings per share estimates for Applied Materials in a report released on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the manufacturing equipment provider will post earnings of $18.67 per share for the year, up from their prior estimate of $18.59. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Applied Materials’ current full-year earnings is $12.79 per share.

Several other analysts have also recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of Applied Materials from $740.00 to $580.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. HC Wainwright set a $850.00 price objective on shares of Applied Materials in a research note on Monday, June 29th. William Blair began coverage on shares of Applied Materials in a report on Tuesday, August 11th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $605.00 target price (down from $680.00) on shares of Applied Materials in a research note on Friday, August 14th. Finally, Evercore set a $590.00 target price on shares of Applied Materials in a research note on Thursday, October 15th. Thirty equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $632.70.

Applied Materials Stock Performance

NASDAQ AMAT opened at $375.58 on Friday. The company has a market cap of $298.06 billion, a P/E ratio of 32.38, a P/E/G ratio of 1.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The stock has a 50-day moving average of $469.97 and a two-hundred day moving average of $487.71. Applied Materials has a 1-year low of $203.40 and a 1-year high of $739.67.

Applied Materials (NASDAQ:AMAT) last posted its earnings results 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 return on equity of 38.02% and a net margin of 30.05%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the company earned $2.48 EPS. Applied Materials’s revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s dividend payout ratio is 18.28%.

Insider Buying and Selling at Applied Materials

In other news, Director Judy Bruner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the completion of the transaction, the director directly owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Adam Sanders sold 725 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the transaction, the chief accounting officer directly owned 3,181 shares of the company’s stock, valued at approximately $1,732,245.36. This represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,225 shares of company stock worth $4,454,181 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Applied Materials

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Applied Materials by 1.6% in the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock valued at $57,993,650,000 after purchasing an additional 1,237,685 shares during the last quarter. State Street Corp raised its holdings in Applied Materials by 85.4% during the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after purchasing an additional 32,018,892 shares in the last quarter. Amundi lifted its position in shares of Applied Materials by 19.0% during the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock worth $5,645,344,000 after buying an additional 1,246,876 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Applied Materials by 16.2% during the 2nd quarter. Van ECK Associates Corp now owns 7,713,599 shares of the manufacturing equipment provider’s stock worth $5,576,932,000 after buying an additional 1,073,879 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $5,252,863,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Company Profile

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.