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As of September 26, 2026, Applied Materials Inc. (AMAT) trades at $485.00. CleaRank Financial AI rates it Buy with a fair value of $650.00, 34.0% above the current price. Wall Street's consensus target is $650.00 across 39 analysts. RSI at 60 is in neutral territory, and the price is below its 50-day average of $490.25.
Applied Materials Inc. (AMAT)
Applied Materials Inc. NASDAQ
$485.00
10.75 (2.27%)
At close: Sep 25, 4:00 PM EDT
AI Analyst Consensus
74 / 100
Applied Materials Inc. (AMAT) is trading at $485, below its 50-day SMA but above its 200-day SMA, indicating a mixed but generally positive technical trend. The company is a leader in semiconductor equipment and materials, a sector experiencing significant demand. Analysts maintain a strong Buy consensus with a median price target of $650, implying a 34% upside. Recent earnings have shown consistent beats against estimates, and forward revenue growth is projected to be strong, with next year's estimates showing a 35% increase year-over-year. The company also offers a modest dividend yield of 0.42%. Despite the positive outlook, significant insider selling totaling $180.4 million against $6.9 million in purchases presents a notable risk. This heavy net selling activity, as indicated by the heavy insider selling, warrants close monitoring. However, the strong analyst conviction and projected growth in the semiconductor equipment market suggest that the company is well-positioned to capitalize on industry tailwinds, provided broader market conditions remain favorable.
AMAT Price Analysis
Market Metrics
Open
$478.89
Day Range
$476.36 to $487.68
Prev Close
$474.25
Volume
5.20M
52-Week Range
$168.53 to $739.67
Market Cap
$384.89B
Peer Benchmarking
Valuation vs Sector (Technology)
Performance vs XLK
Sector Position Analysis
Trading at a significant premium to sector peers (+20%), suggesting market expectations for superior growth or market position.
AMAT Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
Analysis: In the last 4 quarters, AMAT beat estimates 4 times. However, the stock fell 3 times the next day. This suggests positive news is often "priced in" or investors are selling the news.
AMAT Analysis
Company's Health
4/5
12-Month Analyst Target
+34.02% Upside
Median of 39 analysts (12-month)
$650.00
AI Technical Analysis
Volume for Applied Materials Inc. (AMAT) has decreased by 25.3% compared to its average, suggesting a potential cooling in trading activity. The stock's momentum is currently bullish, with its RSI at 60.07, indicating it is neither overbought nor oversold. AMAT is trading above its 20-day and 200-day EMAs, suggesting short-to-medium term upward pressure, but it is currently below its 50-day SMA of $490.25. Key support levels are indicated by the 200-day SMA at $421.42 and the 20-day EMA at $463.03, while the 50-day SMA at $490.25 acts as immediate resistance. The MACD is slightly negative at -6.28, suggesting a recent shift in momentum, but the overall chart structure, with the price above longer-term averages, points to a constructive outlook. Investors should watch for a decisive move above the 50-day SMA to confirm a continuation of the bullish trend.
ProTips
- Monitor insider transaction activity closely, as the recent heavy net selling trend warrants caution despite positive analyst sentiment and growth projections.
- The stock is trading above its 20-day and 200-day EMAs but below its 50-day SMA, indicating a critical juncture for potential upward momentum. A break above $490.25 could signal a continuation of the bullish trend.
- Given the premium valuation and significant insider selling, consider employing risk management strategies such as setting stop-loss orders to protect capital in case of a downturn.
Key Catalysts
Bullish
Strong Forward Revenue Growth Estimates
Next year's revenue is projected to grow by 35.00%, and the next 5 years are estimated to grow at a compound annual rate of 36%, indicating significant market expansion and demand for AMAT's products.
Source: Wall Street EstimatesBullish
Consistent Earnings Beats
Applied Materials Inc. (AMAT) has a track record of exceeding analyst EPS expectations, most recently with a 3.24% beat in the quarter ending June 2026, suggesting operational efficiency and strong demand.
Source: Earnings ReportsBearish
Heavy Insider Selling Activity
Insiders have sold $180.4 million worth of shares against $6.9 million in purchases, resulting in a heavy insider selling, which could indicate a lack of confidence or profit-taking at current price levels.
Source: Insider TransactionsNeutral
Semiconductor Sector Demand
The overall demand for semiconductor equipment and materials remains strong, driven by AI, cloud computing, and advanced electronics, providing a supportive industry backdrop for AMAT.
Source: Industry AnalysisMarket Outlook
Applied Materials Inc. (AMAT) is expected to see continued growth driven by the increasing demand for semiconductors and advanced manufacturing technologies. The median analyst target price of $650 suggests a 34% upside from the current price, supported by strong revenue growth projections of 35% for next year and a 5-year compound annual growth rate estimate of 36%. The company's strong profitability and market position in essential semiconductor equipment provide a solid foundation for its base case scenario. The primary upside catalysts would be continued strong earnings beats, successful product innovation, and increased capital expenditure by semiconductor manufacturers globally. Conversely, a significant downturn in the semiconductor cycle, increased geopolitical tensions impacting supply chains, or a failure to maintain its technological edge could lead to a downside scenario. The substantial insider selling also remains a factor to monitor closely, as it could signal internal concerns despite the positive external outlook.
Key Statistics
| Market Cap | 384.89B |
|---|---|
| P/E Ratio | 40.89 |
| EPS (TTM) | 11.57 |
| Dividend Yield | 0.42% |
| 52 Week High | 739.67 |
| 52 Week Low | 168.53 |
Applied Materials Inc. (AMAT) is trading at a P/E ratio of 40.89, which is above the sector median of 34, indicating a premium valuation. However, its price-to-sales ratio of 12.17 is also above the sector median of 7.5, but its return on equity at 41.07% significantly surpasses the sector average of 13.4%. The company's profit margin of 30.05% and operating margin of 33.74% are exceptionally strong, far exceeding sector averages. With a debt-to-equity ratio of 0.29, AMAT maintains a healthy balance sheet. The strong profitability and efficient operations, coupled with substantial revenue growth of 24.8%, support the premium valuation. While the P/E ratio suggests it is trading at a premium to its peers, the company's superior profitability and growth prospects justify this valuation, especially considering the projected 35.8% revenue growth for the current year and 44.2% for next year.
Earnings & Growth Analysis
Applied Materials Inc. (AMAT) has demonstrated a consistent ability to beat earnings estimates, most recently reporting an EPS of $3.50 for the quarter ending June 2026, which was 3.24% above the estimated $3.39. This follows a pattern of positive surprises, although the stock experienced a -5.12% price drop following the latest earnings release. Revenue growth has been strong, with the current quarter's estimate showing a significant year-over-year increase of 52.00%. Forward-looking estimates also indicate strong growth, with next year's revenue projected to increase by 35%.
Key Risks
The primary risk for Applied Materials Inc. (AMAT) stems from significant insider selling, with over $180 million in shares disposed of by insiders, signaling potential concerns or profit-taking at current levels. Additionally, the stock is trading above its sector median P/E ratio, suggesting a valuation premium that could be vulnerable to market corrections or a slowdown in the semiconductor equipment sector. Competition within the semiconductor equipment industry is intense, and any shifts in customer demand or technological advancements by rivals could impact AMAT's market position and future growth.
Technical Indicators
| RSI (14) | 60.07 |
|---|---|
| MACD | -6.28 |
| SMA 50 | 490.25 |
| SMA 200 | 421.42 |
RSI
Bullish
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bearish
Golden Cross in effect with the 50-day SMA ($490.25) above the 200-day SMA ($421.42), price is trading below the 50-day SMA.
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.61
Moderate correlation
Nasdaq 100 (QQQ)
+0.71
Strong correlation
Bitcoin (BTC)
+0.25
Weak correlation
Gold (XAU)
+0.15
Weak correlation
Check Custom Correlation
How does any other asset move with AMAT? One year of daily closes, Pearson correlation.
Try
AMAT Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$475.30
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$485.00
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$453.77
MAX LOSS
-4.5%
Volatility-Adjusted Stop Loss
Calculated based on RSI (60.1) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$499.07
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$522.83
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$546.60
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
High-Volatility Risk Disclaimer
AMAT is classified as a high-volatility asset (Daily Vol: 3.02%). Aggressive price swings can lead to rapid capital loss. Liquidity risks may prevent exiting trades at desired prices. This AI-generated analysis is for educational purposes only and is not financial advice. Generated on September 26, 2026.Growth of $10,000
A $10,000 investment in AMAT in September 2016 would be worth about $165,247 today, compared with about $36,004 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in AMAT today could grow to about $45,065 by 2036 in the base case, with a bull case near $275,808 and a bear case around $7,363. Projections are statistical simulations, not guarantees.
AMAT Stock Price Prediction: 2030
CleaRank's simulation projects a price near $886 for AMAT by 2030 in the base case, from $485 today (1.8x over 4 years). The downside path ends near $282. These are outcomes of a Monte Carlo simulation run on AMAT's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $318 | $564 | $1,000 |
| 2028 | $292 | $655 | $1,474 |
| 2029 | $282 | $762 | $2,055 |
| 2030 | $282 | $886 | $2,785 |
| 2031 | $286 | $1,030 | $3,707 |
| 2032 | $294 | $1,197 | $4,869 |
| 2033 | $306 | $1,391 | $6,334 |
| 2034 | $320 | $1,617 | $8,176 |
| 2035 | $337 | $1,880 | $10,486 |
| 2036 | $357 | $2,186 | $13,377 |
Method: 10,000 simulated price paths using AMAT's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. AMAT is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
People Also Watch
AMAT Insider Trading Analysis
Bought
$6.9M
1 Transactions
Sold
$180.4M
21 Transactions
Insiders
17
Active Traders
Avg Transaction
$8.5M
Large trades
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Jun 18, 2024 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 400.0K | $98.6M |
| Nov 19, 2019 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 1.0M | $61.1M |
| Jun 30, 2026 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 78.3K | $55.6M |
| Jun 16, 2026 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 83.0K | $49.2M |
| Dec 1, 2021 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 300.0K | $45.8M |
| Jun 4, 2026 | RAJA PRABURAM G.
Officer
|
Sell | 50.0K | $25.3M |
| Jun 28, 2021 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 175.0K | $24.5M |
| Jun 16, 2026 | NALAMASU OMKARAM
Chief Technology Officer
|
Sell | 35.0K | $20.8M |
| Jun 8, 2021 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 115.3K | $16.1M |
| Apr 9, 2021 | DICKERSON GARY E
Chief Executive Officer
|
Sell | 105.2K | $14.7M |
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Frequently Asked Questions
What is Applied Materials Inc.'s (AMAT) current stock price and consensus rating?
Applied Materials Inc. (AMAT) is currently trading at $485. The consensus rating among analysts is Buy, with a consensus score of 74 out of 100, indicating a generally positive outlook.
What is the median analyst price target for AMAT stock?
The median analyst price target for Applied Materials Inc. (AMAT) is $650.00, suggesting a potential upside of 34.0% from its current trading price of $485.
How has Applied Materials Inc. performed in its recent earnings reports?
Applied Materials Inc. (AMAT) has consistently beaten earnings estimates. Most recently, for the quarter ending June 2026, EPS was $3.50, exceeding the estimate of $3.39 by 3.24%, though the stock saw a price decline following the announcement.
What are the key growth drivers for Applied Materials Inc. (AMAT)?
Key growth drivers include strong demand in the semiconductor equipment sector, strong forward revenue growth estimates (projected at 35% for next year), and the company's leading position in providing essential materials and equipment for chip manufacturing.
What are the main risks facing Applied Materials Inc. (AMAT)?
The primary risks include significant insider selling totaling over $180 million, a premium valuation compared to sector peers, and intense competition within the semiconductor equipment industry.
How does AMAT's valuation compare to its sector averages?
Applied Materials Inc. (AMAT) trades at a higher P/E ratio (40.89) and price-to-sales ratio (12.17) compared to sector medians (34 and 7.5, respectively). However, its superior return on equity (41.07% vs. 13.4%) and profit margins justify this premium.
What is AMAT stock forecast for 2030?
According to Monte Carlo simulations, Applied Materials Inc. (AMAT) has a base case forecast of $885.68 for 2030, with a downside projection of $281.63 and an upside projection of $2,785.31. These are statistical outcomes, not guaranteed price targets.