Fintel reports that on March 28, 2025, Jefferies upgraded their outlook for Applied Materials (NasdaqGS:AMAT) from Hold to Buy.
Analyst Price Forecast Suggests 43.05% Upside
As of March 19, 2025, the average one-year price target for Applied Materials is $211.25/share. The forecasts range from a low of $165.64 to a high of $262.50. The average price target represents an increase of 43.05% from its latest reported closing price of $147.68 / share.
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The projected annual revenue for Applied Materials is 26,750MM, a decrease of 3.20%. The projected annual non-GAAP EPS is 8.36.
What is the Fund Sentiment?
There are 3,603 funds or institutions reporting positions in Applied Materials. This is an increase of 2 owner(s) or 0.06% in the last quarter. Average portfolio weight of all funds dedicated to AMAT is 0.46%, an increase of 10.29%. Total shares owned by institutions decreased in the last three months by 0.63% to 762,040K shares. 
The put/call ratio of AMAT is 1.02, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,823K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 26,125K shares , representing a decrease of 1.17%. The firm decreased its portfolio allocation in AMAT by 21.60% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 22,316K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 21,685K shares , representing an increase of 2.83%. The firm decreased its portfolio allocation in AMAT by 21.64% over the last quarter.
Geode Capital Management holds 20,079K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 19,826K shares , representing an increase of 1.26%. The firm decreased its portfolio allocation in AMAT by 21.91% over the last quarter.
Invesco Qqq Trust, Series 1 holds 16,722K shares representing 2.06% ownership of the company. In its prior filing, the firm reported owning 16,011K shares , representing an increase of 4.26%. The firm decreased its portfolio allocation in AMAT by 22.36% over the last quarter.
Capital International Investors holds 15,686K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 20,883K shares , representing a decrease of 33.13%. The firm decreased its portfolio allocation in AMAT by 40.83% over the last quarter.
Applied Materials Background Information
(This description is provided by the company.)
Applied Materials, Inc. is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Its expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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