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: 834 | Existing positions reduced: 827
2.92% less ownership
Funds ownership: 80.53% [Q2] → 77.61% (-2.92%) [Q3]
4% less funds holding
Funds holding: 2,225 [Q2] → 2,125 (-100) [Q3]
16% less call options, than puts
Call options by funds: $2.33B | Put options by funds: $2.77B
18% less capital invested
Capital invested by funds: $158B [Q2] → $129B (-$28.9B) [Q3]
40% less first-time investments, than exits
New positions opened: 150 | Existing positions closed: 250
41% less funds holding in top 10
Funds holding in top 10: 122 [Q2] → 72 (-50) [Q3]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
TD Cowen Krish Sankar 31% 1-year accuracy 8 / 26 met price target | 35%upside $230 | Buy Maintained | 15 Nov 2024 |
Cantor Fitzgerald C J Muse 42% 1-year accuracy 30 / 72 met price target | 47%upside $250 | Overweight Reiterated | 15 Nov 2024 |
Evercore ISI Group Mark Lipacis 43% 1-year accuracy 15 / 35 met price target | 47%upside $250 | Outperform Maintained | 15 Nov 2024 |
Wells Fargo Joseph Quatrochi 13% 1-year accuracy 2 / 15 met price target | 29%upside $220 | Overweight Maintained | 15 Nov 2024 |
B of A Securities Vivek Arya 50% 1-year accuracy 23 / 46 met price target | 23%upside $210 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 79 articles about AMAT published over the past 30 days
