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B. Riley Raises Target on Applied Materials (AMAT) on HBM and DRAM Capex Upside
Yahoo Finance· 2026-01-02 23:58
Core Insights - Applied Materials, Inc. (NASDAQ:AMAT) is recognized as one of the 20 Best Performing Dividend Stocks in 2025 [1] - B. Riley has raised its price target for Applied Materials from $270 to $305, maintaining a Buy rating, citing the company's strong position in HBM and advanced DRAM capacity investments [2] - The company is the largest supplier of semiconductor manufacturing equipment, playing a crucial role in the chipmaking process, particularly in AI and data center developments [3] Financial Performance - Applied Materials reported record revenue and non-GAAP EPS for fiscal 2025, driven by rising demand for advanced memory and logic chips linked to AI [4] - The company introduced new semiconductor manufacturing systems and advanced packaging tools, enhancing its technology pipeline [4] Market Position and Challenges - Despite facing headwinds from US export restrictions limiting access to the Chinese market, Applied Materials' global presence and focus on leading-edge technologies continue to support its investment case [5]