10 Best American Semiconductor Stocks to Buy Now

7. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 83

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best American Semiconductor Stocks to Buy Now. On June 5, Morgan Stanley analysts upgraded Applied Materials, Inc. (NASDAQ:AMAT) to “Equal Weight” from “Underweight” and set a new price target of $158, which is lower than the previous target of $162.

Morgan Stanley’s revenue and earnings per share estimates for Applied Materials, Inc. (NASDAQ:AMAT) for the fiscal year 2026 are 8% and 10% below the market consensus, respectively. Morgan Stanley analysts explained that they based the new price target on a 17 times multiple of the company’s expected earnings per share for 2026, which is estimated to be $9.31.

The firm has a cautious view of the leading logic and DRAM markets. Morgan Stanley also adjusted their fiscal year 2025 forecasts for Applied Materials, Inc. (NASDAQ:AMAT). The firm expects the company to report $28.6 billion in revenue and earnings per share of $9.36. For fiscal year 2026, Morgan Stanley revised its estimates to $28.1 billion in revenue and $9.04 in earnings per share.

Applied Materials, Inc. (NASDAQ:AMAT) is an American corporation that specializes in materials engineering solutions for the semiconductor and flat panel display industries.