Morgan Stanley upgraded Applied Materials Inc (AMAT) to Overweight from Equal-Weight on September 21, 2025. The stock is currently priced at $219.29.
This upgrade reflects a more optimistic outlook on the company's prospects. Analysts suggest this change may indicate improved fundamentals or better-than-expected business performance. The semiconductor manufacturer, headquartered in Santa Clara, California, provides equipment, services, and software to the semiconductor and display industries, employing 36,100 full-time staff.
Applied Materials operates in three segments: Semiconductor Systems, Applied Global Services, and Display. The firm has a market capitalization of $187.3 billion and a P/E ratio of 26.77. Its most recent earnings report showed an EPS of $2.17 for Q4 2025, exceeding estimates by 1.6%.
Upcoming earnings are scheduled for August 12, 2026, with an EPS estimate of $2.40 and revenue expected to reach $7.3 billion. Analyst consensus indicates a Buy rating, with 10 Strong Buy, 18 Buy, 11 Hold, 1 Sell, and 1 Strong Sell among 41 total ratings. Analyst ratings can change as new information becomes available, reflecting varying opinions on the company's future performance.