Fintel reports that on May 5, 2026, Seaport Global initiated coverage of Applied Materials (NasdaqGS:AMAT) with a Buy recommendation.
Analyst Price Forecast Suggests 9.48% Upside
As of April 28, 2026, the average one-year price target for Applied Materials is $428.47/share. The forecasts range from a low of $282.80 to a high of $525.00. The average price target represents an increase of 9.48% from its latest reported closing price of $391.38 / share.
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The projected annual revenue for Applied Materials is 31,387MM, an increase of 11.25%. The projected annual non-GAAP EPS is 9.09, an increase of 0.66% from the prior forecast.
What is the Fund Sentiment?
There are 2,799 funds or institutions reporting positions in Applied Materials. This is an decrease of 659 owner(s) or 19.06% in the last quarter. Average portfolio weight of all funds dedicated to AMAT is 0.44%, an increase of 8.49%. Total shares owned by institutions decreased in the last three months by 11.27% to 634,415K shares. 
The put/call ratio of AMAT is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 32,707K shares representing 4.12% ownership of the company. In its prior filing, the firm reported owning 14,878K shares , representing an increase of 54.51%. The firm increased its portfolio allocation in AMAT by 171.48% over the last quarter.
Geode Capital Management holds 18,609K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 20,938K shares , representing a decrease of 12.52%. The firm decreased its portfolio allocation in AMAT by 42.48% over the last quarter.
Norges Bank holds 11,123K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Ubs Asset Management Americas holds 10,688K shares representing 1.35% ownership of the company. In its prior filing, the firm reported owning 9,129K shares , representing an increase of 14.58%. The firm increased its portfolio allocation in AMAT by 43.08% over the last quarter.
Ameriprise Financial holds 10,293K shares representing 1.30% ownership of the company. In its prior filing, the firm reported owning 12,520K shares , representing a decrease of 21.63%. The firm increased its portfolio allocation in AMAT by 1.53% over the last quarter.
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