Applied Materials (NASDAQ:AMAT) Price Target Raised to $515.00 at JPMorgan Chase & Co.

Posted by Stanley Muller on May 16th, 2026

Applied Materials (NASDAQ:AMAT – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $400.00 to $515.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the manufacturing equipment provider’s stock.

Several other equities analysts also recently issued reports on AMAT. Sanford C. Bernstein restated an “outperform” rating and set a $525.00 price objective on shares of Applied Materials in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Applied Materials from $450.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Erste Group Bank upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Cantor Fitzgerald increased their price target on shares of Applied Materials from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wolfe Research increased their price target on shares of Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $463.89.

View Our Latest Research Report on AMAT

Applied Materials Stock Performance

AMAT stock opened at $436.62 on Friday. The firm has a market cap of $346.51 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.95 and a beta of 1.66. The firm has a 50-day simple moving average of $379.09 and a two-hundred day simple moving average of $319.44. Applied Materials has a one year low of $153.47 and a one year high of $448.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.68 by $0.18. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 38.48%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts forecast that Applied Materials will post 11.16 EPS for the current fiscal year.

Applied Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s dividend payout ratio is 18.83%.

Insider Transactions at Applied Materials

In other news, Director Judy Bruner sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total transaction of $979,275.00. Following the sale, the director owned 26,089 shares of the company’s stock, valued at $10,219,322.19. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brice Hill sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total transaction of $1,806,050.00. Following the sale, the chief financial officer directly owned 138,565 shares in the company, valued at $50,051,063.65. The trade was a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,003 shares of company stock valued at $4,484,189 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Applied Materials

A number of hedge funds and other institutional investors have recently made changes to their positions in AMAT. Grandfield & Dodd LLC lifted its holdings in Applied Materials by 6.9% in the 3rd quarter. Grandfield & Dodd LLC now owns 269,511 shares of the manufacturing equipment provider’s stock valued at $55,180,000 after purchasing an additional 17,397 shares in the last quarter. First Trust Advisors LP lifted its holdings in Applied Materials by 4.9% in the 3rd quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock valued at $635,057,000 after purchasing an additional 145,050 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its holdings in Applied Materials by 82.2% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 26,893 shares of the manufacturing equipment provider’s stock valued at $5,512,000 after purchasing an additional 12,132 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Applied Materials by 21.8% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock valued at $19,801,000 after purchasing an additional 17,288 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in Applied Materials in the 4th quarter valued at $1,531,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Key Stories Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

Positive Sentiment: Applied Materials posted record Q2 results, beating EPS and revenue expectations and lifting its outlook, with management citing strong AI infrastructure spending as a key growth driver. Applied Materials Announces Second Quarter 2026 Results
Positive Sentiment: Wall Street turned more bullish after the report, with multiple firms raising price targets, including Bank of America, JPMorgan, Mizuho, Morgan Stanley, Needham, and KeyCorp, reinforcing confidence in multi-year earnings growth. Applied Materials Sees Multi-Year AI Boom Driving Record Revenue And Growth Through 2028
Positive Sentiment: Several analysts highlighted a durable AI-driven semiconductor upcycle, suggesting Applied Materials could sustain elevated demand and margins through 2027-2028. Krish Sankar Reaffirms Buy on Applied Materials
Neutral Sentiment: The broader market backdrop is weaker, with major indexes down as Treasury yields and oil prices rise, which is adding headwinds for high-valuation tech and AI stocks. Stock Market Today: Dow Falls As Oil Prices, Yields Jump; Applied Materials, Nvidia, Cerebras Slide
Negative Sentiment: Even with the strong earnings report, the stock is slipping as investors rotate out after a sharp year-to-date rally, showing some concern that expectations may already be very high. Applied Materials slips despite record quarter and strong outlook (AMAT)

Applied Materials Company Profile

(Get Free Report)

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.