|Bid||0.00 x 4000|
|Ask||0.00 x 1200|
|Day's Range||44.30 - 45.74|
|52 Week Range||28.79 - 56.94|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||11.32|
|Earnings Date||May 15, 2019 - May 20, 2019|
|Forward Dividend & Yield||0.84 (2.12%)|
|1y Target Est||47.75|
XLNX and LRCX Move in Opposite Directions after EarningsXilinx stock fell after hoursOn April 24, several semiconductor stocks made new 52-week highs. Among them was Xilinx (XLNX), which made a new all-time high of $141.6 ahead of its fiscal 2019
In the latest trading session, Applied Materials (AMAT) closed at $44.47, marking a +1.46% move from the previous day.
Shares of Lam Research Corp. were up nearly 5% in after-hours trading Wednesday after the company posted a big earnings beat for its March quarter. The company posted net income of $547 million, or $3.47 a share, down from $779 million, or $4.33 a share, a year earlier. Adjusted earnings per share fell to $3.70 from $4.79 but came in ahead of the FactSet consensus, which called for $3.38. Revenue fell to $2.44 billion from $2.89 billion a year ago and came in a bit above the consensus estimate of $2.4 billion. For the June quarter, Lam expects revenue of $2.215 billion to $2.485 billion and adjusted earnings per share of $3.20 to $3.60. Analysts had been modeling revenue of $2.31 billion and EPS of $3.38. Shares of peers Applied Materials Inc. and KLA-Tencor Corp. were up 2.7% and 1.5%, respectively, in the aftermarket. Lam's results came as the PHLX Semiconductor Index closed at a sixth-straight record high. Lam shares have gained 44% so far this year, as the S&P 500 has risen 17%.
As most companies in this space are expected to deliver an earnings surprise, the semiconductor ETFs therefore might continue to see smooth trading in the weeks ahead.
Earlier this month, 37 already-strained Chinese organizations became even more difficult for U.S. companies to do business with. U.S. tech company Applied Materials (NASDAQ:AMAT), in fact, has suspended trade with these organizations until further notice. While Applied Materials stock hasn't been hurt yet, the fallout from the decision may not yet be fully appreciated.Source: Shutterstock On April 10, the U.S. Commerce Department updated its so-called 'red flag' list of organizations that are "unverified" entities. Although unverified entities aren't forbidden trade partners, they require additional licensing. They also require caution before buying from, or selling to, to avoid running afoul of strict trade rules."Even though it's not an embargo, because of the hassle sometimes suppliers will treat it as an embargo," said Kevin Wolf, former assistant secretary of commerce for export administration. "It has a practical effect that's greater than the legal effect."InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo that end, it remains to be seen if the maneuver is part of a bigger tactic to bring China to the trade negotiation table, or a security concern that was going to take shape anyway. While the list includes organizations based in United Arab Emirates, Malaysia and Indonesia, China's 37 additions were far more than any other nation. * 5 Dividend Stocks Perfect for Retirees Regardless of the intent, the updated list puts more pressure on China's struggling economy, as well as U.S. suppliers and customers. Fallout and Applied Materials StockWhile the fallout from the additions to the Commerce Department's red flag list is still being weighed, whatever the broader implications it still is significant for Applied Materials. More than one-fourth of last quarter's revenue came from China alone. While not all of its Chinese partners have been affected, its remaining partners may also rely on trade with names that now require new permissions from U.S. regulators.San'an Optoelectronics, China's biggest supplier of LED chips, was one of the noteworthy names currently off-limits to Applied Materials. Other customers include Xian Jiaotong University and the Chinese Academy of Sciences.Applied Materials' response appears decisive too. According to reports from Nikkei Asian Review, the company instructed its employees to "immediately stop all pending and future equipment delivery. It also asked its employees to withdraw from sites where red-flagged entities operate. Trade War Faints and Applied Materials StockChina's regulatory governors responded to the additional names of unverified entities, with trade ministry spokesman Gao Feng calling the behavior "wrong," and calling for the U.S. to undo its action.The rhetoric between the two countries is nothing new, however.As promised during his campaign, President Donald Trump has been tough on China's trade policies with the United States. In June of last year, steep tariffs were placed on roughly $50 billion worth of goods imported from China into the United States, sparking a war of new tit-for-tat tariffs.Though they were intended to bolster demand for U.S. goods corporations ranging from carmaker Ford Motor (NYSE:F) to food giant Tyson Foods (NYSE:TSN) to Coca-Cola (NYSE:KO) have all claimed to be victims of the political standoff.By its specificity, the updated list of unverified companies is a step in a new direction though. It could be interpreted as an effort to quell unauthorized use of American-developed and U.S.-patented technologies.Applied Materials, along with Micron Technology (NASDAQ:MU) and Taiwan's Nanya jointly filed official complaints in late 2017, alleging China was the ultimate buyer of illegally-acquired semiconductor technologies. The Bottom Line on Applied Materials StockThe news thus far may only have boosted Applied Materials stock. AMAT shares are up 4%, swept higher with the broad market tide Other factors perhaps include the impression that its intellectual property is being better protected, or that it will remain highly competitive going forward even if it struggles with its new restrictions.By and large though, the impact of the Department of Commerce's new red flag list remains unclear. Applied Materials has not indicated to what extent, if any, it is seeking licenses to deal with the entities newly placed in the red-flag list.If China acquiesces rather than doubles down on the trade front, Applied Materials should wind up more competitively positioned even if it has to find new suppliers and customers.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post New Pressure on China Might Just Boost Applied Materials Stock appeared first on InvestorPlace.
The big shareholder groups in Applied Materials, Inc. (NASDAQ:AMAT) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders...
The Public Authorities Control Board voted to approve $300 million in state grants toward the IBM AI Hardware Center and $125 million for a partnership with Applied Materials.
WDC, MU, AMD among Top Gainers of the S&P 500 IndexWestern Digital stock soars on analyst ratingsThe April 16 trading session started with memory chip stocks among the top gainers of the S&P 500 Index (SPY). At the start of the trading
Q1 Earnings: Smaller Chip Companies to Take a Bigger Blow(Continued from Prior Part)Semiconductor equipment suppliers The semiconductor industry is going through a downturn, but many companies expect growth to resume in the second half of 2019.
Q1 Earnings: Smaller Chip Companies to Take a Bigger Blow(Continued from Prior Part)Worldwide semiconductor revenue outlook Some of the top chip giants are expected to release their first-quarter earnings next week, and their smaller rivals are
Applied Materials (AMAT) closed at $42.17 in the latest trading session, marking a +0.38% move from the prior day.
Investors need to pay close attention to Applied Materials (AMAT) stock based on the movements in the options market lately.
Why Semiconductor Stocks Fell on April 9(Continued from Prior Part)Samsung lowers first-quarter earnings guidance Most semiconductor stocks with exposure to the memory market are falling on the back of continued weakness. On April 5, Samsung (SSNLF)
Why Semiconductor Stocks Fell on April 9Semiconductor stocks fell The tech-heavy NASDAQ Composite Index fell 0.37% in the early trading session on April 9 driven by declines in semiconductor stocks. Seven of NASDAQ’s top 12 decliners were
Investing.com - The S&P; 500 snapped an eight-day winning streak as global growth jitters and concerns about escalating U.S. and EU trade tensions soured sentiment on U.S. stocks.
Applied Materials Inc NASDAQ/NGS:AMATView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for AMAT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AMAT. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding AMAT is favorable, with net inflows of $24.84 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AMAT credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The size of Applied Materials, Inc. (NASDAQ:AMAT), a US$40b large-cap, often attracts investors seeking a reliable investment...
What Do Analysts Expect from Western Digital in Q3 2019?(Continued from Prior Part)WDC is trading at a discount to analysts’ estimatesWestern Digital (WDC) is currently trading at $52.01. Of the 29 analysts tracking WDC, 22 have given
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As has been widely documented this year, semiconductor stocks and the related ETFs have been beacons of strength in the broader technology sector. Some market observers expect that trend to continue, which should benefit funds such as the VanEck Vectors Semiconductor ETF (SMH) , which is already up about 25% year-to-date. Semiconductor have exhibited high sensitivity to the trade war because China is a strong driver for the chip-making sector, which includes several fast areas of growth including gaming and artificial intelligence.
Hot and cold tech stocks. The best bets in tech. With Cornerstone Macro's Carter Worth, CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Dan Nathan.