智通财经网·2026-02-10 06:19Core Viewpoint - UBS analyst Timothy Arcuri has significantly raised the target price for Applied Materials Inc. (AMAT.US) from $285 to $405, maintaining a "Buy" rating for the stock [1] Group 1: Company Performance - The company's stock price has surged nearly 80% over the past year, driven by a robust growth outlook [1] - Applied Materials provides materials engineering solutions for the global semiconductor and display panel industries, supplying a combination of equipment, services, and software to technology manufacturers [1] Group 2: Industry Trends - The expansion of Applied Materials aligns with the growth of the semiconductor manufacturing industry, fueled by increasing demand in industrial IoT devices, electric vehicles, and artificial intelligence [1] - New chip manufacturing plants are long-term projects, often taking years from planning to production, and once operational, require ongoing maintenance and upgrades, creating a stable revenue stream for Applied Materials [1] Group 3: Financial Strength - The company maintains strong operating profit margins and returns all free cash flow to shareholders through dividends and stock buybacks [1]