Applied MaterialsAMAT
About: Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
Employees: 34,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
36% more first-time investments, than exits
New positions opened: 195 | Existing positions closed: 143
16% more capital invested
Capital invested by funds: $136B [Q1] → $158B (+$21.7B) [Q2]
10% more funds holding in top 10
Funds holding in top 10: 111 [Q1] → 122 (+11) [Q2]
2% more funds holding
Funds holding: 2,167 [Q1] → 2,219 (+52) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 855 | Existing positions reduced: 840
0.93% more ownership
Funds ownership: 79.59% [Q1] → 80.52% (+0.93%) [Q2]
1% less call options, than puts
Call options by funds: $2.42B | Put options by funds: $2.46B
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Stifel Brian Chin 36% 1-year accuracy 8 / 22 met price target | 34%upside $250 | Buy Maintained | 12 Nov 2024 |
Susquehanna Mehdi Hosseini 51% 1-year accuracy 19 / 37 met price target | 9%downside $170 | Neutral Maintained | 11 Nov 2024 |
Susquehanna Mehdi Hosseini 51% 1-year accuracy 19 / 37 met price target | 2%upside $190 | Neutral Maintained | 11 Oct 2024 |
Cantor Fitzgerald C J Muse 53% 1-year accuracy 27 / 51 met price target | 34%upside $250 | Overweight Reiterated | 8 Oct 2024 |
Wells Fargo Joseph Quatrochi 13% 1-year accuracy 2 / 15 met price target | 26%upside $235 | Overweight Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 56 articles about AMAT published over the past 30 days