On June 6, 2025, Morgan Stanley upgraded Applied Materials (XTRA:AP2) from Underweight to Equal-Weight. The average one-year price target for the company is set at €177.59 per share, reflecting a potential upside of 22.86% from the latest closing price of €144.54.
Projected annual revenue for Applied Materials is anticipated to be €27.429 billion, representing a decline of 2.35%. Additionally, the projected non-GAAP EPS stands at €8.58. In the last quarter, the number of funds reporting positions in Applied Materials decreased by 2.77% to 3,505, with total shares owned by institutions dropping by 2.16% to 744,789,000 shares.
Major shareholders include Vanguard Total Stock Market Index Fund, which holds 25.656 million shares (3.20% ownership), and Vanguard 500 Index Fund with 22.582 million shares (2.81% ownership). Both funds decreased their portfolio allocations in AP2 over the last quarter.
