Fintel reports that on December 5, 2024, Morgan Stanley downgraded their outlook for Applied Materials (LSE:0R1A) from Equal-Weight to Underweight.
Analyst Price Forecast Suggests 23.07% Upside
As of December 3, 2024, the average one-year price target for Applied Materials is 226.57 GBX/share. The forecasts range from a low of 158.15 GBX to a high of 265.19 GBX. The average price target represents an increase of 23.07% from its latest reported closing price of 184.10 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Applied Materials is 24,576MM, a decrease of 9.57%. The projected annual non-GAAP EPS is 7.01.
What is the Fund Sentiment?
There are 3,595 funds or institutions reporting positions in Applied Materials. This is an decrease of 55 owner(s) or 1.51% in the last quarter. Average portfolio weight of all funds dedicated to 0R1A is 0.42%, an increase of 35.34%. Total shares owned by institutions decreased in the last three months by 2.07% to 765,695K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 26,125K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 26,154K shares , representing a decrease of 0.11%. The firm decreased its portfolio allocation in 0R1A by 19.67% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 21,685K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 21,326K shares , representing an increase of 1.66%. The firm decreased its portfolio allocation in 0R1A by 19.88% over the last quarter.
Capital International Investors holds 20,883K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 22,830K shares , representing a decrease of 9.32%. The firm decreased its portfolio allocation in 0R1A by 26.97% over the last quarter.
Geode Capital Management holds 19,826K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 19,455K shares , representing an increase of 1.88%. The firm decreased its portfolio allocation in 0R1A by 19.54% over the last quarter.
Invesco Qqq Trust, Series 1 holds 16,011K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 15,947K shares , representing an increase of 0.40%. The firm decreased its portfolio allocation in 0R1A by 15.91% over the last quarter.
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