Susquehanna Reiterates Buy Rating on Applied Materials with $900 Target
Susquehanna has maintained its buy rating for Applied Materials, setting a new price target of $900, a 34.38% upside from the current price.
Key Points
- Susquehanna reiterated its buy rating for Applied Materials, setting a target price of $900 on June 30, 2026.
- Susquehanna's $900 price target implies 34.38% upside from Applied Materials, Inc.'s ($AMAT) current $669.74 share price.
- Applied Materials shares traded around $699.39 on Tuesday, with a market cap of approximately $497.69 billion.
- Recent insider selling at Applied Materials included CEO Gary Dickerson and other executives offloading shares in June 2026.
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Susquehanna has reiterated its buy rating for Applied Materials, Inc. (NasdaqGS: AMAT), maintaining a price target of $900. This update from analyst Mehdi Hosseini came on June 30, 2026, as the stock traded near $699.39 on Tuesday.
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Analysts Set New Price Targets
On June 30, 2026, Susquehanna maintained its buy rating for Applied Materials with a $900 price target. Just a day earlier, Cantor Fitzgerald also maintained a buy rating, setting a target of $850. Keybanc followed suit on June 29, maintaining a buy rating with a $750 target. Wells Fargo and B. Riley Securities both maintained buy ratings with targets of $740 and $790, respectively, on June 26. The consensus among analysts is strong, with a mean price target of $551.91 and a recommendation key of strong buy across 35 opinions.
Other Institutional Activity in Applied Materials
BlackRock, Inc. increased its holdings in Applied Materials by 3.72 million shares, bringing its total to 78.97 million shares valued at approximately $26.99 billion. Vanguard Capital Management LLC opened a new position, acquiring 51.58 million shares worth about $17.63 billion. State Street Corp slightly reduced its stake by 423,673 shares, leaving it with 37.51 million shares valued at $12.82 billion. Capital Research Global Investors cut its holdings by 3.25 million shares, now holding 29.46 million shares valued at $10.07 billion. Geode Capital Management, LLC, on the other hand, increased its position by 3.31 million shares to 21.92 million shares, valued at $7.48 billion.
Applied Materials, Inc. Stock Up 45.1%
Shares of Applied Materials, Inc. (NasdaqGS: AMAT) traded near $699.39 on Tuesday. The company boasts a market cap of about $497.69 billion and a P/E ratio of 58.8, with a forward P/E of 38.5. Its beta stands at 1.672, indicating higher volatility compared to the market. The stock has seen a 52-week low of $154.47 and a high of $669.22. The 50-day moving average is $468.21, while the 200-day moving average is $329.35. The company has a current ratio of 2.508 and a quick ratio of 1.624, with a debt-to-equity ratio of 30.399.
$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, marking a growth of 11.4% year-over-year. Its earnings per share stood at $10.66, with a net margin of 29.31% and a return on equity of 39.69%. The company is expected to announce its next earnings on 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
Applied Materials pays an annual dividend of $2.12 per share, yielding 0.34% based on recent prices. The dividend payout ratio is 17.31%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at Applied Materials, Inc.
In June 2026, several insiders at Applied Materials sold shares. Notably, CEO Gary Dickerson sold 71,727 shares at an average price of $593.75 on June 16, while Senior Vice President and CTO Omkaram Nalamasu sold 24,263 shares at $593.43. President of Semiconductor Products Group, Raja Prabu, sold 10,000 shares at $633.53 on June 18.
About Applied Materials
Applied Materials, Inc., headquartered in Santa Clara, California, provides materials engineering solutions and services to the semiconductor industry worldwide. The company operates through its Semiconductor Systems and Applied Global Services segments, offering equipment and software to optimize semiconductor manufacturing. Led by CEO Gary E. Dickerson, Applied Materials employs approximately 36,400 people and was founded in 1967.
Bottom Line
Susquehanna's reiterated buy rating and $900 price target reflect ongoing confidence in Applied Materials' future prospects. Investors keep a close eye on these ratings as they provide insights into the company's potential growth. Remember, analyst ratings and 13F filings are backward-looking and may not indicate current positions.
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