|Bid||49.59 x 800|
|Ask||49.61 x 1800|
|Day's Range||48.53 - 50.29|
|52 Week Range||40.79 - 62.40|
|PE Ratio (TTM)||18.64|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||0.50 (0.91%)|
|1y Target Est||70.14|
Yahoo Finance's Seana Smith and Jared Blikre on the latest market action.
Applied Materials (AMAT) shares fell 8.3% to close at $49.51, after hitting an intraday low of $48.53, as analysts were split on target price moves after the company’s sales outlook was lighter than Wall Street expected. For the week, shares of Applied Materials are down 9.7%, the SOX index swung to a weekly loss of 0.4%, and the S&P 500 (^GSPC) finished down 0.5%. Late Thursday, Applied Materials estimated adjusted earnings of $1.13 a share to $1.21 a share for its fiscal third quarter on revenue of $4.33 billion to $4.53 billion, while analysts surveyed by FactSet had expected earnings of $1.16 a share on revenue of $4.53 billion.
Does the share price for Applied Materials Inc (NASDAQ:AMAT) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF) method. Anyone interestedRead More...
Given the long lead times of the business, you can't expect the orders to bounce back soon, especially because they are connected to cellphone which are very weak. , but these stocks all trade together, particularly Lam and Applied Materials so you will have to suffer for incorrect sins. If Applied Materials had reported before Apple it could have been curtains for the investors in Apple but that would have been wrong.
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest salvo of tit-for-tat messages to emerge from the high-level meeting. Boeing Co shares rose on hopes for a reduction in the U.S.-China trade deficit, after an American source said the company would be major beneficiary of a narrowed trade gap.
The key stock indexes dipped for the week as Walmart, Cisco, Applied Materials earnings disappointed. Small caps and crude oil rallied. Macy's soared, but not its rivals.
The stock market closed mainly lower Friday, as a weak outlook from Applied Materials roiled the semiconductor sector.
Tepid sales guidance from chip-gear giant Applied Materials sent semiconductor-equipment stocks tumbling on Friday, including KLA-Tencor and Lam Research.
Bank and chipmaker stocks helped pull the S&P 500 into negative territory on Friday, capping a week of choppy trading as trade talks with China, rising U.S. government bond yields and increasing oil prices kept investors on edge. "I think everybody's waiting on some sort of direction on American trade talks that are occurring right now," said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest back-and-forth message to emerge from the high-level summit.
Tech stocks showed mixed action yet the major indexes made mild moves overall. The Nasdaq stands to lose mildly for the week after two straight weeks of big gains.
Analyst Craig Ellis is one of Applied Materials' (NASDAQ:AMAT) biggest bulls, and he is also Wall Street's #1 analyst, according to analyst ranking service TipRanks. Investors who listened to Ellis over the past year have made 38% on their Ellis bets.
Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks. China denied it had offered a package to slash the U.S. trade deficit by up to $200 billion, but dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues.
Applied Materials (AMAT) reported weaker guidance for the third fiscal quarter as Semiconductor Systems customers adjusted their capacity, planning for slowing smartphone sales. Any weakness in smartphone sales would be offset by strength in the data center, IoT (Internet-of-Things), and AI markets.
Discover the largest mutual fund holders of Applied Materials shares, and determine if their investment strategy can help your portfolio.
Applied Materials Inc. shares fell Friday as analysts were split on target price moves after the chipmaker materials supplier's outlook was lighter than Wall Street expected. Shares are down 3.9% for the year, compared with a 7.9% gain in the PHLX Semiconductor Index and a 1.6% gain in the S&P 500 index . The company estimated adjusted earnings of $1.13 to $1.21 a share for the third fiscal quarter on revenue of $4.33 billion to $4.53 billion, while analysts surveyed by FactSet had expected earnings of $1.16 a share on revenue of $4.53 billion.
Here are some things going on today in the world of tech: Alphabet (GOOGL) will get the 60 Minutes treatment this weekend, in a segment that discusses “the power of Google,” with the preview posted on CBS mentioning how the company is a monopoly and knows everything about you. Shares of payments pioneer Square (SQ) are down 16 cents at $54.66, after that other pioneer, PayPal Holdings (PYPL), this morning announced it would pay $2.2 billion to acquire small business commerce tech firm iZettle. Contra reiterates an Outperform rating on PayPal, and raises his price target to $93 from $85, writing that the company is “the key fin-tech consolidator” in the world, as it has tremendous ability to keep buying smaller companies given its enormous cash pile.
Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues. "There is still a concern around trade talks with China, but ... the stock market is cautiously optimistic that trade talks will lead to a good result," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.
The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues. "The focus today will be on trade talks as China denied any major reductions in surplus," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Shares of Applied Materials fell sharply Friday after the company lowered its current-quarter revenue and sales projections in its semiconductor business below Wall Street expectations. Its disappointing forecast only fueled investor anxiety that a plateauing smartphone market could finally curb demand for flash memory chips. "Smartphone sales have been below expectations, particularly for high-end models.
Applied Materials, Inc. (NASDAQ: AMAT ) reported after the close Thursday with forecast-beating second-quarter results and a third-quarter revenue guidance range in-line or below consensus estimates. ...
Applied Materials Inc. slid nearly 7 percent as trading opened after its third-quarter revenue forecast missed analyst estimates and the company cautioned that makers of displays and chips used to store ...
A big federal deal for Cerner and a management shake up at Baidu helped set the tone for early trade Friday.
NEW YORK, NY / ACCESSWIRE / May 18, 2018 / A selloff in technology stocks and elevated bond yields combined to pressure U.S. equities lower on Thursday. The Dow Jones Industrial Average dropped 0.22 percent ...