B. Riley Securities Reiterates Buy Rating for Applied Materials, Inc.
B. Riley Securities maintains a buy rating on Applied Materials, Inc. with a $790 price target, a 12.95% upside from the current price.
Key Points
- B. Riley Securities reiterated its buy rating on Applied Materials, Inc. (AMAT) with a price target of $790 on June 26, 2026.
- B. Riley Securities's $790 price target implies 12.95% upside from Applied Materials, Inc.'s ($AMAT) current $699.39 share price.
- Shares of Applied Materials, Inc. traded near $646.18 on Friday, with a market cap of approximately $530.36 billion and a forward P/E ratio of 40.99.
- Insider sales at Applied Materials included President and CEO Gary Dickerson selling 71,727 shares on June 16, 2026.
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B. Riley Securities reiterated its buy rating on Applied Materials, Inc. (NasdaqGS: AMAT) with a price target of $790. This update came on June 26, 2026, as shares of the semiconductor equipment maker traded around $646.18 on Friday.
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Applied Materials, Inc. Stock Up 51.5%
Shares of NasdaqGS:AMAT traded near $646.18 on Friday. The company has a market cap of about $530.36 billion, with a P/E ratio of 62.9 and a forward P/E of 40.99. Applied Materials boasts a beta of 1.672, indicating higher volatility compared to the market. The stock's 52-week range spans from $154.47 to $669.22, with a 50-day moving average of $463.56 and a 200-day moving average of $327.04. The company also maintains a current ratio of 2.51 and a quick ratio of 1.62, with a debt-to-equity ratio of 30.4.
$AMAT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Applied Materials reported revenue of $29.02 billion, reflecting a growth rate of 11.4%. The company achieved a net margin of 29.3% and a return on equity of 39.7%. Earnings per share were $10.62. The next earnings report is scheduled for August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
20 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.9%. Revenue beat estimates by 12.9%.
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Profit surprise
EBITDA beat by 52 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
20 target raises.
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Earnings quality
Gross margin up 0.8 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Applied Materials delivered record revenue of $7.91 billion this quarter driven by strong artificial intelligence infrastructure demand. The company sees its highest gross margin in over 25 years at 50 percent. Management highlighted that artificial intelligence is diversifying beyond training into new areas like agentic applications, which increases demand for memory and processors, and they expect continued strong growth into 2027 and beyond as customers build new factories.
Guidance Applied expects about $8.95 billion in revenue next quarter, up nearly 23 percent from last year. The company expects earnings per share of $3.36, up nearly 36 percent. Management raised its full-year equipment growth outlook to more than 30 percent as artificial intelligence demand accelerates and customers add production capacity.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
The company offers an annual dividend rate of $2.12, yielding 0.32%. Its dividend payout ratio stands at 17.31%, with the next ex-dividend date not specified.
Insider Buying and Selling at Applied Materials, Inc.
Several insiders at Applied Materials have recently sold shares. On June 16, 2026, President and CEO Gary Dickerson sold 71,727 shares at an average price of $593.75. On the same day, Senior Vice President and CTO Omkaram Nalamasu sold 24,263 shares at $593.43. Additionally, Raja Prabu, President of Semiconductor Products Group, sold 10,000 shares on June 18, 2026, at $633.53.
Analysts Set New Price Targets
On June 26, 2026, B. Riley Securities maintained its buy rating on Applied Materials with a price target of $790. Jefferies also maintained a buy rating with a $770 target on the same day. Earlier, B of A Securities and Wells Fargo reiterated buy ratings with targets of $720 and $715, respectively. The consensus among 35 analysts is a strong buy, with a mean target price of $532.34.
About Applied Materials, Inc.
Applied Materials, Inc., headquartered in Santa Clara, California, provides materials engineering solutions to the semiconductor industry worldwide. The company operates through two main segments: Semiconductor Systems and Applied Global Services. It offers equipment, services, and software for semiconductor manufacturing and other electronic devices. Led by CEO Gary E. Dickerson, Applied Materials employs about 36,400 people.
Bottom Line
B. Riley Securities' reiteration of a buy rating with a $790 target highlights confidence in Applied Materials' prospects. Investors often track these analyst moves for insight, though it's important to remember that such ratings are backward-looking and might not reflect current conditions. Applied Materials continues to be a significant player in the semiconductor equipment industry, with a robust market presence and ongoing insider activity.
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