Fintel reports that on June 6, 2025, Morgan Stanley upgraded their outlook for Applied Materials (NasdaqGS:AMAT) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 20.78% Upside
As of June 2, 2025, the average one-year price target for Applied Materials is $201.42/share. The forecasts range from a low of $153.52 to a high of $262.50. The average price target represents an increase of 20.78% from its latest reported closing price of $166.77 / share.
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The projected annual revenue for Applied Materials is 26,750MM, a decrease of 4.77%. The projected annual non-GAAP EPS is 8.36.
What is the Fund Sentiment?
There are 3,511 funds or institutions reporting positions in Applied Materials. This is an decrease of 90 owner(s) or 2.50% in the last quarter. Average portfolio weight of all funds dedicated to AMAT is 0.43%, an increase of 6.43%. Total shares owned by institutions decreased in the last three months by 2.35% to 744,834K shares. 
The put/call ratio of AMAT is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,656K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 25,823K shares , representing a decrease of 0.65%. The firm decreased its portfolio allocation in AMAT by 7.51% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 22,582K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 22,316K shares , representing an increase of 1.18%. The firm decreased its portfolio allocation in AMAT by 7.80% over the last quarter.
Geode Capital Management holds 20,619K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 20,079K shares , representing an increase of 2.62%. The firm decreased its portfolio allocation in AMAT by 50.83% over the last quarter.
Invesco Qqq Trust, Series 1 holds 16,732K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 16,722K shares , representing an increase of 0.06%. The firm decreased its portfolio allocation in AMAT by 4.23% over the last quarter.
Capital International Investors holds 12,898K shares representing 1.61% ownership of the company. In its prior filing, the firm reported owning 15,686K shares , representing a decrease of 21.61%. The firm decreased its portfolio allocation in AMAT by 23.20% 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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