47.52 -0.29 (-0.61%)
After hours: 7:50PM EDT
|Bid||47.50 x 800|
|Ask||47.70 x 3100|
|Day's Range||47.66 - 48.47|
|52 Week Range||28.79 - 50.39|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||13.41|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||0.84 (1.74%)|
|1y Target Est||51.10|
These stocks are likely to endure sharp revenue declines in the next 12 months as demand weakens and the U.S.-China trade dispute drags on.
(Bloomberg) -- Exchange-traded fund investors have a lot riding on earnings from Taiwan Semiconductor Manufacturing Co. this Thursday.Almost 90% of the iShares PHLX Semiconductor ETF and the VanEck Vectors Semiconductor ETF -- the two largest semiconductor ETFs -- is in some way connected to the company, known as TSMC, according to Bloomberg supply-chain data. Semiconductor equipment suppliers like ASML Holding NV, Applied Materials Inc., and KLA Corp. all derived more than 10% of their revenue from TSMC in the previous quarter, the data show.For example, about 15% of Applied Materials’ fiscal second-quarter revenue came from its relationship with TSMC. Applied Materials has about a 4% weight in both the SOXX and SMH funds.Most major semiconductor companies don’t make the chips themselves. Instead, they will design them and outsource production to another company, like TSMC. TSMC is the world’s largest contract manufacturer of chips.TSMC “is unequivocally critical to the industry” and its earnings forecast will be closely watched by investors, said Bloomberg Intelligence analyst Anand Srinivasan. “Guidance is critical and color for the second half -- especially for smartphone chips -- may set the tone for how chip vendors are planning supply in anticipation of demand.”Performance of semiconductor stocks has been highly volatile so far in 2019, with swings of more than 10% up or down in four of the past six months, much more volatile than the S&P 500, according to Bloomberg Intelligence. After a wave of optimism that drove stocks to record highs this spring, investors have been growing increasingly skeptical that demand, pricing and inventory levels will improve in the second half of this year.\--With assistance from Tom Lagerman.To contact the reporter on this story: Carolina Wilson in New York City at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Rachel EvansFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In a packed Shanghai classroom on a hot afternoon, nearly a hundred "mom-and-pop" investors were honing their trading skills ahead of the first opening bell for China's Nasdaq-style tech board. Eight months after President Xi Jinping unveiled plans for Shanghai's technology innovation board, the first batch of 25 companies - ranging from chip-makers to biotech firms - will debut on the STAR Market. Modeled after Nasdaq, and complete with a U.S-style IPO system, STAR may be China's boldest attempt at capital market reforms yet.
Gary Dickerson has been the CEO of Applied Materials, Inc. (NASDAQ:AMAT) since 2013. This report will, first, examine...
Zacks.com featured highlights include: Stryker, T. Rowe, Applied Materials, Fiat and Northrop
Agilent Technologies (A) enters into an agreement to buy BioTek Instruments, which is likely to strengthen its cell analysis capabilities and expand presence in life science research space.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Applied Materials, Inc. (NASDAQ: AMAT ) hosted its AI Design Forum Tuesday in San Francisco, during which the company introduced its Endura platforms for manufacturing the next-gen of memories. Although ...
This morning, US index futures surged after Federal Reserve Chair Jerome Powell’s testimony raised the possibility of a near-term cut in interest rates.
Applied Materials, Inc. today unveiled innovative, high-volume manufacturing solutions aimed at accelerating industry adoption of new memory technologies targeting the Internet of Things (IoT) and cloud computing. New memories – notably MRAM, ReRAM and PCRAM – promise unique benefits, but they are based on new materials that have been too challenging for high-volume manufacturing. Today, Applied Materials is introducing new manufacturing systems that allow novel materials – the key to these new memories – to be deposited with atomic-level precision.
(Bloomberg) -- With the U.S. economic expansion getting longer and longer, nervous investors are pouring money into funds tracking the investment factor known as “quality.” It’s a category whose composition has changed.Gone are the days when having a rock-solid balance-sheet meant you made food, sold clothes or built industrial infrastructure. Now, technology firms are king, with chip manufacturers overrunning the list. The rules are the same -- quality denotes a high return on equity, low debt and lots of free cash flow. But the businesses that qualify have evolved.“These tech companies have kind of grown up and they meet the criteria,” said Nick Kalivas, senior equity product strategist for Invesco Ltd.’s ETF business. “They’re still more cyclical than kind of the old-school quality, so that’s a really interesting dynamic that has surfaced.”For bubble-watchers, it’s another example of how much the market has changed since the dot-com days. Agents of volatility back then, computer and software makers now are some of the oldest and most profitable firms around. Their contribution to the S&P 500’s overall earnings has quadrupled in two decades.Smart-beta ETFs that focus on quality stocks have taken in $3 billion in 2019, the best half-year period on record. As investors question the staying power of the bull run and economic cycle, finding companies with sound finances and profitability has become a priority.The $1.5 billion Invesco S&P 500 Quality ETF, which trades under the ticker SPHQ, devotes more of its cash to technology stocks than any other sector. A Bloomberg Portfolio analysis shows the fund’s tech allocation has steadily risen over the past decade, and now the ETF holds just about double the amount of tech stocks it did at the end of 2009.While much of that is in software and services, semiconductor stocks also have a bigger role. For years, Linear Technology Corp. was the lone semiconductor company that met the criteria for inclusion in the Invesco quality fund. Now there are seven, with popular names such as Applied Materials Inc., Intel Corp., Qualcomm Inc. and Texas Instruments Inc. making the cut. Linear was acquired three years ago and no longer exists.But the inclusion of more cyclical stocks also means the quality factor is experiencing a “step up” in risk, Kalivas said. Tech stocks are by nature higher-beta than their predecessors and that could amplify volatility going up and coming down. At the same time, “it’s hard to get fired for having something that returns a lot on equity, has low debt, and generates a lot of cash,” he said.Volatility has been friendly to quality owners in 2019. The Invesco S&P 500 Quality ETF is up 20% year-to-date, outperforming the broader S&P 500 Index, juiced by the 29% gain in technology stocks. Data compiled by Bloomberg shows that among the five stocks with the most influence on SPHQ, three were tech companies.Whether or not the makeover provides support when the stock market is falling is yet to be seen.“If the academic research plays out, that’s exactly what should happen,” Kalivas said. “They should not have that big downside, their ability to generate cash should support them.”To contact the reporter on this story: Sarah Ponczek in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Chris NagiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Applied Materials Inc NASDAQ/NGS:AMATView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate 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 | NeutralETF activity is neutral. The net inflows of $5.98 billion over the last one-month into ETFs that hold AMAT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. 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 firstname.lastname@example.org.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.
Bullish chart patterns yield optimal buy points for stocks, but downward-sloping trend lines can often yield earlier entries.
One of tech’s most influential analysts has looked into his crystal ball, and doesn’t like what he sees for tech earnings this quarter and beyond.
Shares of Applied Materials Inc. and Lam Research Inc. are falling in premarket trading Monday after D.A. Davidson analyst Thomas Diffely cut his ratings on both stocks to sell as part of a broader downgrade of the chip-equipment industry. " We are moving to a neutral stance on the semiconductor capital equipment group this morning as the stocks have appreciated significantly YTD while the all-important memory recovery continues to lag expectations and the near term data flow will likely remain negative," he wrote. "There is significant uncertainty in the timing and magnitude of the wafer fab equipment (WFE) recovery and we believe the equipment names will remain largely range-bound until some clarity returns." Diffely said that the sharp gains in semiconductor-equipment shares have "clearly" outpaced the fundamentals. Applied Materials shares have climbed 34% so far this year, while Lam Research shares have risen 35% and the S&P 500 has gained 19%.