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AMAT
Researchhigh conviction
Applied Materials
$640
USD
+3.7%
B. Riley raised PT to $485 from $450 on April 13, a 22% premium to the Aegis-tracked $398 consensus. Fiscal Q2 due May 14; guided $7.65B +/- $0.5B revenue. AI and advanced packaging demand remains the driver.
Apr 26, 12:17 p.m.Source: 2026-04-26_midday.mdConsensus PT: $527
Latest imported research note for this ticker.
longbuy candidatePhase 5 — pending sale (held in RRSP)
Imported thesis
Held 26 sh in RRSP. Demoted from active roster — ASML is the singular semicap pick. Action: reduce on next opportunity.
Imported reasoning
Fills the single largest portfolio sleeve gap (semicap 0% vs 25-30% target). Beat Q1 revenue ($7.01B vs $6.86B est) and guided Q2 above Street ($7.15-8.15B). No invalidation tripwires breached — AMAT raised forward guidance, not cut it. RSI 84.2 is normal for multi-year capex buildout. Consensus PT $423 is near current price with revision upside.
Last imported
Apr 27, 12:05 a.m.
Source report
2026-04-27_premarket.md
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Public watchlist context and imported research metadata.
Thesis
Applied Materials. $397. Broadest WFE exposure. ~25–27x fwd P/E. Consensus PT $398 — near fair value. Buy in tranches.
Sleeve
semicap
Consensus PT (USD)
$527
No holdings recorded for this ticker.
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