Applied Materials clears fresh Wall Street target, shares trade near record levels
22.06.2026 - 20:31:07 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-22, 20:29.
Applied Materials (US0382221051) remains a key name in the semiconductor equipment space, with the Nasdaq-100 constituent drawing renewed attention after a notable analyst move. Wells Fargo recently raised its price target to 715 dollars and kept an Overweight rating on the shares, underlining expectations for continued AI-related demand. Analyst summary on AMAT
What Wells Fargo signals
According to an update cited in brokerage summaries, Wells Fargo lifted its Applied Materials price target from 520 to 715 dollars and reiterated an Overweight stance, explicitly tying its view to the company’s exposure to advanced AI and high-bandwidth memory production equipment. TradingKey semiconductor commentary
The bank’s move follows a broader trend of positive sell-side revisions over recent months as chip-equipment peers such as Lam Research and ASML also benefit from multi-year AI capacity buildouts. MarketBeat news overview for AMAT
How the shares trade on Nasdaq
On Nasdaq, Applied Materials shares recently changed hands at around 627.41 dollars, implying a market capitalization of roughly 498.14 billion dollars and a trailing P/E ratio close to 58, according to live quote data. Robinhood AMAT quote
Intraday on 2026-06-22, the shares traded between a low of 618.65 dollars and a high of 639.18 dollars, keeping them within sight of recent record territory as AI-driven investment spending in the semiconductor industry remains elevated. Onvista price snapshot for AMAT
All news and analysis on the Applied Materials shares
Further coverage on ad-hoc-news.de and the Investor Relations pages provides additional details on earnings, guidance and the AI equipment cycle for Applied Materials.
The equipment behind the stock
Applied Materials generates most of its revenue from materials engineering systems used to manufacture logic, memory and display chips, notably deposition and etch tools for advanced nodes that serve AI accelerators, high-bandwidth memory and leading-edge foundry production. Simply Wall St profile of AMAT
Where the shares trade today
The Applied Materials shares (US0382221051) trade on Nasdaq at 627.41 dollars as of 2026-06-22, 18:03 ET.
Key data on the Applied Materials shares
- Company: Applied Materials, Inc.
- ISIN: US0382221051
- WKN: 865177
- Ticker: AMAT
- Trading venue: Nasdaq
- Price (as of 2026-06-22, 18:03): 627.41 USD
- Market cap: 498.14 billion USD (as of 2026-06-22)
- Sector / industry: Information Technology / Semiconductor Equipment
- Index membership: S&P 500, Nasdaq-100
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Historical performance is not a reliable indicator of future results.
