Applied Materials (AMAT)

• Market cap: $133B
• 1 day: 1.33%
• 5 days: -3.79%
• 1 month: -4.05%
• 3 months: -14.87%
• 6 months: -31.83%
• Year to date: 5.97%
• 1 year: 4.25%
• 5 years: 164.67%
• 10 years: 544.06%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Applied Materials Inc 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: 35,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% more repeat investments, than reductions

Existing positions increased: 841 | Existing positions reduced: 836

2.89% less ownership

Funds ownership: 80.59% [Q2] → 77.71% (-2.89%) [Q3]

4% less funds holding

Funds holding: 2,228 [Q2] → 2,150 (-78) [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 (-$28.8B) [Q3]

34% less first-time investments, than exits

New positions opened: 151 | Existing positions closed: 229

41% less funds holding in top 10

Funds holding in top 10: 123 [Q2] → 72 (-51) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $164 0% upside
• Avg. target: $215 32% upside
• High target: $250 53% upside

11 analyst ratings

• positive: 8 73%
• neutral: 2 18%
• negative: 1 9%

Wells Fargo Joseph Quatrochi 17% 1-year accuracy 3 / 18 met price target	28% upside $210	Overweight Maintained	6 Dec 2024
Morgan Stanley Joseph Moore 63% 1-year accuracy 36 / 57 met price target	0% upside $164	Underweight Downgraded	5 Dec 2024
Bernstein Stacy Rasgon 63% 1-year accuracy 5 / 8 met price target	28% upside $210	Outperform Maintained	29 Nov 2024
TD Cowen Krish Sankar 42% 1-year accuracy 11 / 26 met price target	41% upside $230	Buy Maintained	15 Nov 2024
Cantor Fitzgerald C J Muse 44% 1-year accuracy 36 / 82 met price target	53% upside $250	Overweight Reiterated	15 Nov 2024