Materials Scientist - ALD Coating Technology

Morgan Stanley cuts Applied Materials stock target to $563, raises 2027 forecasts. 2026-09-29 18:46:45 Key takeaways. * Morgan Stanley lowered Applied Materials' price target to $563 from $642 on the 30th while maintaining Overweight rating. * Morgan Stanley raised Applied Materials' 2027 revenue forecast to $50.7 billion and EPS to $20.92 due to stronger NAND demand. * Japan's Kioxia joined Applied Materials' EPIC Center partnership alongside Samsung Electronics and SK Hynix. Morgan Stanley lowered its price target for global semiconductor equipment maker Applied Materials (NAS:AMAT) from $642 to $563 while maintaining an Overweight rating, according to The Street on the 30th. The adjustment came despite the firm raising its 2027 revenue forecast to $50.7 billion and earnings per share (EPS) to $20.92, driven by increased NAND demand and improved gross margin expectations. The new target represents approximately 10% upside from Applied Materials' closing price of $512.01 on the 29th, which rose 5.19% from the previous day. Morgan Stanley raises 2027 revenue and EPS forecasts despite target cut. Morgan Stanley increased its 2027 revenue projection for Applied Materials to $50.7 billion with EPS of $20.92, citing stronger NAND demand and improving gross margins. The firm stated, "The market is positive on Applied Materials, and we agree," adding that it prefers stocks where expectations are less reflected in multiples. The revised target of $563 maintains the Overweight rating despite being lowered from the previous $642 target. Applied Materials stock performance shows strong gains. Applied Materials stock has risen 89% this year and 139% over the past year. The stock closed at $512.01 on the 29th, up 5.19% from the previous day. Morgan Stanley's new $563 target represents approximately 10% upside from this closing price. Kioxia joins Applied Materials EPIC Center partnership. Applied Materials announced on this day that Japan's Kioxia has joined as an innovation partner at its EPIC Center located in Silicon Valley. The EPIC Center serves as a facility for semiconductor process technology and manufacturing equipment R&D collaboration. Samsung Electronics and SK Hynix also participate in the EPIC Center. Faq. What did Morgan Stanley do with Applied Materials stock target on the 30th? Morgan Stanley lowered Applied Materials' price target from $642 to $563 while maintaining an Overweight rating, according to The Street. The firm simultaneously raised its 2027 revenue forecast to $50.7 billion and EPS to $20.92, citing increased NAND demand and improved gross margin expectations. Why did Morgan Stanley cut the target despite positive outlook? Morgan Stanley stated it prefers stocks where expectations are less reflected in multiples, despite agreeing with the market's positive assessment of Applied Materials. The new $563 target still represents approximately 10% upside from the stock's $512.01 closing price on the 29th. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Applied Materials and KIOXIA partner at the EPIC Center to advance next-generation memory technology. * Companies will collaborate to develop advanced memory structures, chip stacking technologies and materials engineering innovations to increase AI memory performance * KIOXIA joins Applied Materials' growing EPIC Center ecosystem, which includes chipmakers, chip designers, equipment partners and universities SANTA CLARA, Calif., Sept. 29, 2026 (GLOBE NEWSWIRE) - Applied Materials, Inc., the leader in materials engineering solutions for the semiconductor industry, today announced that KIOXIA Corporation, a leading global supplier of flash memory and solid state drives (SSDs), will join Applied's EPIC Center in Silicon Valley as an innovation partner to advance next-generation memory technologies. The companies will work together at the EPIC Center on advanced memory-cell and structure creation, multi-chip stacking architectures, and new materials engineering approaches designed to increase memory density and performance for the AI era. "AI infrastructure requires memory solutions that can deliver dramatically higher density, greater bandwidth and improved energy efficiency," said Gary Dickerson, President and CEO of Applied Materials. "By bringing KIOXIA's deep expertise in memory technology together with Applied's materials engineering innovations at the EPIC Center, we're creating a powerful partnership to define what's possible in next-generation memory." "At KIOXIA, we have always believed that the possibility of memory is defined by the ability to stretch the boundaries of materials and process innovation," said Hiroo Ota, President and CEO of KIOXIA Corporation. "Our collaboration with Applied Materials reflects our shared commitment to driving memory innovation, and we are excited to partner at the EPIC Center to achieve advanced breakthroughs." Through the EPIC Center partnership, Applied Materials and KIOXIA will collaborate on R&D initiatives focused on the most critical challenges in next-generation memory innovation. Areas of focus include: * Advanced memory cell and structure creation to develop more capable, higher-density memory architectures for AI applications * Multi-chip stacking for next-generation memory to enable chip integration that increases memory density and performance within constrained form factors * Advanced packaging for stacked memory to improve integration and interconnect performance in complex multi-die memory solutions * Materials engineering innovations that enable next-generation memory structures while supporting manufacturability at scale "Memory is at the center of the AI innovation roadmap, and the challenges of increasing memory density while managing cost and complexity require breakthroughs across materials, equipment and process technology," said Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials. "We look forward to partnering with KIOXIA at the EPIC Center, where our teams will drive advances in AI memory through deep co-innovation." "Partnering with Applied Materials at the EPIC Center gives us a unique environment to tackle the hardest challenges in next-generation memory," said Minori Kajimoto, General Manager of Advanced Memory Development at KIOXIA. "By having top innovators from KIOXIA and Applied Materials working side by side, we aim to accelerate the commercialization of breakthroughs in memory and packaging technologies that achieve new levels of integration and performance for AI computing." Applied's new, $5 billion* EPIC (Equipment and Process Innovation and Commercialization) Center in Silicon Valley represents the largest-ever U.S. investment in advanced semiconductor equipment R&D. The center, which will be operationally ready this year, is designed from the ground up to dramatically reduce the time it takes to commercialize breakthrough technologies from early-stage research to full-scale manufacturing. For chipmakers, the EPIC Center will provide earlier access to Applied's R&D portfolio, faster cycles of learning and accelerated transfer of next-generation technologies into high-volume manufacturing, within a secure collaborative environment. In addition, the co-innovation programs at the EPIC Center will provide Applied with greater multi-node visibility to guide R&D investments while increasing R&D productivity and value sharing. *Capital spending is expected to scale over time to approximately $5 billion as customer projects commence. Forward-Looking Statements This press release contains forward-looking statements, including those regarding Applied's investment and growth strategies, the development of new materials and technologies, industry outlook and technology requirements, the plans and expectations for the EPIC Center, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the demand for semiconductors and customers' technology requirements; the ability to develop new and innovative technologies; the ability to obtain and protect intellectual property rights in key technologies; the ability to achieve the objectives of the EPIC Center; and other risks and uncertainties described in Applied's filings with the Securities and Exchange Commission, including Applied's most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management's current estimates, projections and assumptions, and Applied assumes no obligation to update them. About Applied Materials Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com. Applied Materials Ricky Gradwohl (editorial/media) 408.235.4676 Mike Sullivan (financial community) 408.986.7977

Five years, 500% returns - auto components manufacturer gets highest price target from Goldman Sachs. By Hormaz Fatakia September 22, 2026, 10:23:52 AM IST (Published) Shares of Sansera Engineering Ltd., the auto components manufacturer, gained as much as 6% on Tuesday, September 22, after brokerage firm Goldman Sachs gave it the highest price target on the street. Goldman Sachs maintained its "buy" rating on Sansera Engineering and raised its price target to ₹4,990 from ₹4,500 earlier, indicating an upside potential of 19% from current levels. According to the brokerage, during the recent SEMICON event in India, both Applied Materials and LAM Research announced that they will be investing $5 billion and $1.2 billion respectively to develop their local supplier ecosystems and expand their R&D presence in India as well. When Goldman Sachs had initiated coverage on Sansera Engineering last month, it had highlighted that both Applied Materials and LAM Research are potential long-term growth contributors to Sansera's high-margin Automated Driving System (ADS) components supply business. Last month, Sansera also announced a large $180 million semiconductor order win from an existing customer, and as a result, Goldman Sachs is increasing its financial year 2029 earnings estimates partially to factor in the upside potential from this incremental development. Sansera Engineering is tracked by 16 analysts on the street, of which 11 have a "buy" rating and the other five have a "hold". Incidentally, Thursday, September 24, will also mark five years of Sansera Engineering becoming a public company. The stock had listed at a 9% premium to its issue price of ₹744 apiece, and over the last five years, the stock has gained 510% from its issue price. Shares of Sansera Engineering are trading 5.5% higher on Tuesday at ₹4,530.8. The stock is up 171% so far this year, putting it on course for its best calendar year since listing.