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 Q3 regulatory filings by fund managers ($100M+ AUM)
1% more repeat investments, than reductions
Existing positions increased: 844 | Existing positions reduced: 836
2.75% less ownership
Funds ownership: 81.11% [Q2] → 78.36% (-2.75%) [Q3]
3% less funds holding
Funds holding: 2,230 [Q2] → 2,153 (-77) [Q3]
15% less capital invested
Capital invested by funds: $159B [Q2] → $135B (-$23.9B) [Q3]
16% less call options, than puts
Call options by funds: $2.37B | Put options by funds: $2.81B
22% less first-time investments, than exits
New positions opened: 151 | Existing positions closed: 194
41% less funds holding in top 10
Funds holding in top 10: 123 [Q2] → 72 (-51) [Q3]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Mizuho Vijay Rakesh 50% 1-year accuracy 38 / 76 met price target | 22%upside $210 | Outperform Maintained | 10 Jan 2025 |
Goldman Sachs Toshiya Hari 64% 1-year accuracy 72 / 113 met price target | 18%upside $202 | Buy Maintained | 10 Jan 2025 |
Wells Fargo Joseph Quatrochi 44% 1-year accuracy 8 / 18 met price target | 22%upside $210 | Overweight Maintained | 6 Dec 2024 |
Morgan Stanley Joseph Moore 68% 1-year accuracy 39 / 57 met price target | 4%downside $164 | Underweight Downgraded | 5 Dec 2024 |
Bernstein Stacy Rasgon 75% 1-year accuracy 6 / 8 met price target | 22%upside $210 | Outperform Maintained | 29 Nov 2024 |
Financial journalist opinion
Based on 18 articles about AMAT published over the past 30 days
