AMAT - Applied Materials, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
61.08
-3.19 (-4.96%)
At close: 4:00PM EST

61.65 +0.57 (0.93%)
Pre-Market: 4:36AM EST

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Previous Close64.27
Open61.13
Bid0.00 x 3200
Ask61.70 x 1200
Day's Range60.40 - 61.85
52 Week Range36.80 - 69.44
Volume10,199,998
Avg. Volume7,237,736
Market Cap56.09B
Beta (5Y Monthly)1.64
PE Ratio (TTM)20.26
EPS (TTM)3.02
Earnings DateMay 13, 2020
Forward Dividend & Yield0.84 (1.31%)
Ex-Dividend DateFeb 17, 2020
1y Target Est75.73
  • Technology stocks could be on the verge of a bear market, warns investor who once ran the world’s biggest tech fund
    MarketWatch

    Technology stocks could be on the verge of a bear market, warns investor who once ran the world’s biggest tech fund

    Any such hit, however, would present a screaming buy opportunity for those looking for discounts in the tech market, according to Meeks, who ran the world’s biggest tech fund for Merrill Lynch back during the dot-com boom. Specifically, he likes Lam Research (LRCX) , Nvidia (NVDA) , AMD (AMD) , Micron (MU)and Applied Materials (AMAT) .

  • If you could buy only one stock for 5G and artificial intelligence exposure, this would be it
    MarketWatch

    If you could buy only one stock for 5G and artificial intelligence exposure, this would be it

    During the California gold rush, many miners went bankrupt. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The picks and shovels for the present-day gold rushes are semiconductors.

  • Can Applied Materials (AMAT) Run Higher on Rising Earnings Estimates?
    Zacks

    Can Applied Materials (AMAT) Run Higher on Rising Earnings Estimates?

    Applied Materials (AMAT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • The Zacks Analyst Blog Highlights: Microsoft, Applied Materials, SAP SE, Lam Research and Tencent
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, Applied Materials, SAP SE, Lam Research and Tencent

    The Zacks Analyst Blog Highlights: Microsoft, Applied Materials, SAP SE, Lam Research and Tencent

  • 3 “Strong Buy” Stocks Top Investors Are Snapping Up Right Now
    TipRanks

    3 “Strong Buy” Stocks Top Investors Are Snapping Up Right Now

    Wall Street analysts’ wealth of experience and in-depth knowledge of the market can help investors determine whether to add a new name to a portfolio. Additionally, the use of technical indicators and fundamentals can point the direction of a stock’s near-term trajectory. Another way, though, is to gauge the sentiment amongst fellow investors. As the old saying goes, imitation is the sincerest form of flattery.TipRanks’ Stock Screener has a set of filters which allows you to search out a stock according to your needs, be it by market cap, analyst consensus or various other metrics. In our case, we searched for three tickers boasting “very positive” sentiment from top TipRanks investors – a readout of individual investor portfolios tracked by TipRanks on its Smart Portfolio platform.What’s more, in addition to piquing investors’ interest, all 3 have a further characteristic in common; all currently score a Strong Buy consensus rating from the Street. Let’s explore, then, why investors and analysts alike, are finding these names so compelling right now.Centene Corp (CNC)With a market-cap of $38 billion, Centene has established itself as a major player in healthcare services. The large cap has more than 33,000 employees across the country, has health plans that serve 12.3 million members in 29 states and offers health insurance to other healthcare and commercial organizations. With roughly 22 million members, Centene is the largest provider of government-sponsored health plans.The company’s recent earnings results were a mixed affair. Centene’s Q4 revenue came in at $18.9 billion, 14% up from last year’s $16.6 billion, while also beating the analysts' estimate of $18.43 billion. The company’s higher-than-expected medical benefit ratio (the percentage of health insurance premiums paid out in claims), though, was a disappointment for investors. At 88.4%, the figure came in higher than the Street’s estimate of 87.6% and impacted the company’s medical costs.Nevertheless, J.P. Morgan’s Gary Taylor believes CNC trades at a discount to its group. Multiple overhangs including the election, block grant and public charge, according to the analyst, “will all likely prove immaterial.” Taylor also believes Centene’s acquisition of WellCare for $17 billion in March of last year will lead to further long -term value creation.The 4-star analyst further said, “We believe that CNC remains a long-term growth story as managed care penetration of Medicaid grows from ~68% of spending towards 75-80% over the next decade. We believe CNC’s organic opportunity (primarily fueled by its Medicaid and Medicare exposure) certainly remains above-average for the sector.”Bottom line, then? Taylor reboots his rating on Centene with an Overweight along with a price target of $88. Should the target be met, investors stand to take home a 33% gain over the next year. (To watch Taylor’s track record, click here)Overall, the healthcare service specialist is getting a lot of healthy love from the Street right now. 13 Buys and a single Hold converge to a Strong Buy consensus rating. At $80.54, the average target implies possible upside of 24%.CNC has a ‘Very Positive’ investor sentiment with the number of portfolios holding CNC rising on both a 1 week and 1-month basis. (See Centene stock analysis on TipRanks)Applied Materials (AMAT)Next up is a fellow large cap, though from an entirely different sector. Semi-conductor company Applied Materials makes integrated circuit chips for a wide range of electronics, including TVs, smartphones and flat panel display screens. The $61 billion heavyweight’s robust start to 2020 is a direct continuation of 2019’s stellar performance; last year’s gains of 90% have been boosted by a further 9% year-to-date.As per expectations, AMAT’s latest earnings results delivered a strong quarter and guidance. F1Q20’s revenue of $4.16 billion indicated a quarter-over-quarter increase of 11% and beat the Street’s estimate of $4.11 billion. At $0.98, EPS came in above the high end of the company's $0.87-0.95 guidance and above the Street’s call for $0.93. Looking ahead, galvanized by a continued robust foundry/logic business and the return of some memory spending, AMAT expects to see "strong double-digit" growth in its semiconductor business this year.Deutsche bank’s Sidney Ho applauded the print and notes the guide would have been even stronger without the estimated $300 million impact of the coronavirus on its operations. Ho said, “AMAT continues to benefit from a robust foundry/logic environment and with this strength expected to continue throughout CY20, early signs of a memory recovery, and expectations for continued share gains, the company appears well positioned for a strong CY20… Post earnings, we remain encouraged by AMAT's near and long-term outlook and believe that the risk-reward for AMAT, which trades at ~12x (including pending acquisition) vs. its large cap peers at 1415x, is favorable.”The 5-star analyst, therefore, keeps his Buy rating intact, while raising his price target up from the previous $72 to $75. The new figure implies possible upside of 15% from current levels. (To watch Ho’s track record, click here)It turns out that the rest of the Street wholeheartedly agrees with the Deutsche bank analyst. With 19 "buy" ratings vs. 1 "sell" and 1 "hols," the message is clear: AMAT is a Strong Buy. Possible gains of 17% could be heading investors’ way should the average price target of $75.71 be met over the coming months.In addition, based on top investor portfolios in TipRanks’ database, 6.9% hold AMAT stock. On average, top investors allocate 3.7% of their portfolios to AMAT. This gives the stock its ‘Very Positive’ investor sentiment score. (See AMAT stock analysis on TipRanks)Microchip (MCHP)Staying in the semi-conductor field, we come across another big player in the shape of Microchip. This company does what it says on the tin: Sells microcontrollers, analog, and field-programmable gate array [FPGA] chips to a wide array of customers.With earnings season in full swing, Microchip has been posting results, too. The solid quarter exhibited a beat on revenue and earnings: MCHP reported sales of $1.29 billion, compared to the $1.26 billion estimated by the street. NonGAAP EPS came in at $1.32, above the street’s estimate of $1.26. For the current quarter, MCHP expects revenue of $1.36 billion, guiding above the street’s call for $1.33 billion.Needham’s Rajvindra Gill sees “multiple inflection points in MCHP's business.” The 5-star analyst notes the company has seen a continuation of strong backlog and bookings trends. Additionally, Gill notes MCHP’s ongoing strength in data center and industrial and auto, all recovering from a bottom, with the trends expected to continue in 2HCY20.Gill summarized, “We could envision an optimistic scenario where we see an inventory restocking, given the historical low levels of distribution inventory, combined with genuine demand pull through driven by data center, ADAS, industrial IoT and 5G. While lead times may extend, we do think MCHP has built enough capacity to support a return in demand. In that environment, we believe revenue could return to pre-downturn levels and grow from there. Moreover, we believe MCHP is on track to hit its LT GM target of 63% (vs. 61.7% MRQ) as the $16MM underutilization charges roll-off the P&L. Net, we see upside at current levels as we roll out our new FY22 Non-GAAP estimates."As a result Gill reiterated a Buy rating on MCHP shares, while raising his price target to $140 (from $130). The implication for investors? Potential upside movement of 30%. (To watch Gill’s track record, click here)The consensus breakdown provides further cheer; 15 Buys and 2 Holds coalesce to a Strong Buy consensus rating. With an average price target of $123.13, analysts expect an additional 15% to be added to the share price over the next year.Furthermore, 2.4% of all portfolios hold MCHP, with 0.2% being added in the last month alone. Top investors allocate, on average, 1.7% of their portfolio to the chipmaker’s stock. (See Microchip stock analysis on TipRanks)

  • MarketWatch

    Lam Research, KLA stocks slip after report says U.S. could restrict chip-equipment sales to China

    Shares of chip-equipment companies Lam Research Corp. and KLA Corp. are off more than 3% in Tuesday morning trading after a Wall Street Journal report indicated that the Trump administration is considering restricting on semiconductor-equipment sales to China. The Commerce Department is weighing rule changes that would let the agency ask for licenses from any companies that wanted to use U.S. equipment to make chips for Huawei Technologies Co., according to the WSJ report. "This time around, the administration appears to be going after such [semiconductor capital-equipment] vendors like Applied Materials , KLA, Lam Research and Teradyne that sell equipment to the likes of Taiwan Semiconductor ," wrote Susquehanna analyst Mehdi Hosseini. "TSM uses such equipment to make chips for the likes of Apple and Huawei. Perhaps the administration has realized they cannot restrict ASML , the key enabling vendor!" Hosseini said that this potential development, along with the new coronavirus, represent near-term headwinds for chip-equipment companies.

  • The Zacks Analyst Blog Highlights: VMware, Applied Materials, Equinix, Shopify and Johnson Controls International
    Zacks

    The Zacks Analyst Blog Highlights: VMware, Applied Materials, Equinix, Shopify and Johnson Controls International

    The Zacks Analyst Blog Highlights: VMware, Applied Materials, Equinix, Shopify and Johnson Controls International

  • 10 Stocks' Profit Will Soar More Than Anyone Dreamed, Analysts Say
    Investor's Business Daily

    10 Stocks' Profit Will Soar More Than Anyone Dreamed, Analysts Say

    It's the future that matters, right? And so, it pays to know where analysts are aggressively bumping up profit forecasts with some top S&P; 500 stocks.

  • Thomson Reuters StreetEvents

    Edited Transcript of AMAT earnings conference call or presentation 12-Feb-20 9:30pm GMT

    Q1 2020 Applied Materials Inc Earnings Call

  • Reuters

    U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

    The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan's TSMC, the world's largest contract chipmaker, two sources familiar with the matter said. New restrictions on commerce with China's Huawei are among several options to be considered at high-level U.S. meetings this week and next. The measure would be a blow to the world's no. 2 smartphone maker as well as to TSMC, a major producer of chips for Huawei's HiSilicon unit and mobile phone rivals Apple Inc and Qualcomm Inc.

  • Is Applied Materials (AMAT) Stock Outpacing Its Computer and Technology Peers This Year?
    Zacks

    Is Applied Materials (AMAT) Stock Outpacing Its Computer and Technology Peers This Year?

    Is (AMAT) Outperforming Other Computer and Technology Stocks This Year?

  • Is AMAT Stock A Buy Right Now? Here's What Earnings, Chart Show
    Investor's Business Daily

    Is AMAT Stock A Buy Right Now? Here's What Earnings, Chart Show

    Among top semiconductor stocks, AMAT stock has shown bullish price action after a breakout from a base with a 63.17 buy point.

  • Stock Market Rally Keeps Hitting Highs; Nvidia, Shopify, Alibaba, Dexcom, Applied Materials In Focus: Weekly Review
    Investor's Business Daily

    Stock Market Rally Keeps Hitting Highs; Nvidia, Shopify, Alibaba, Dexcom, Applied Materials In Focus: Weekly Review

    The stock market continued to hit fresh highs this past week, with Nvidia, Dexcom, Applied Materials and Shopify big earnings winners.

  • Top Research Reports for VMware, Applied Materials & Equinix
    Zacks

    Top Research Reports for VMware, Applied Materials & Equinix

    Top Research Reports for VMware, Applied Materials & Equinix

  • Here's Why Momentum Investors Will Love Applied Materials (AMAT)
    Zacks

    Here's Why Momentum Investors Will Love Applied Materials (AMAT)

    Does Applied Materials (AMAT) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Company News for Feb 14, 2020
    Zacks

    Company News for Feb 14, 2020

    Companies In The News Are: AMAT, NTAP, ATUS, CDNS.

  • Applied Materials (AMAT): Strong Industry, Solid Earnings Estimate Revisions
    Zacks

    Applied Materials (AMAT): Strong Industry, Solid Earnings Estimate Revisions

    Applied Materials (AMAT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Barrons.com

    U.S. Stocks Are Making a Comeback Despite the Latest Bad News About the Coronavirus

    The three major U.S. stock-market indexes were near the break-even mark despite news that Chinese officials reported a dramatic increase in the number of confirmed cases of coronavirus.

  • Applied Materials Trades in Risky Area After Earnings Report
    TheStreet.com

    Applied Materials Trades in Risky Area After Earnings Report

    Book profits on Applied Materials with the stock in a risky area bounded by its monthly and semiannual risky levels at $68.28 and $69.02.

  • TheStreet.com

    Applied Materials Gets Analyst Accolades After Earnings Report

    Applied Materials analysts lauded the chipmaking-equipment provider after its earnings report. Demand is seen strong among foundry, logic and memory chipmakers.

  • Applied Materials (AMAT) Hits Fresh High: Is There Still Room to Run?
    Zacks

    Applied Materials (AMAT) Hits Fresh High: Is There Still Room to Run?

    Applied Materials (AMAT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Applied Materials (AMAT) Q1 Earnings & Sales Top Estimates
    Zacks

    Applied Materials (AMAT) Q1 Earnings & Sales Top Estimates

    Applied Materials (AMAT) reports strong fiscal first-quarter results due to an uptick in demand for semiconductor equipment and solid execution.

  • Dow Jones Futures Fall As Coronavirus Cases Spike: Alibaba Earnings Top, Tesla Stock Dives On Offering
    Investor's Business Daily

    Dow Jones Futures Fall As Coronavirus Cases Spike: Alibaba Earnings Top, Tesla Stock Dives On Offering

    Dow futures fell as coronavirus cases soared in China's Hubei province. Alibaba earnings topped, leading key earnings movers. Tesla stock dived on a $2 billion share offering.

  • Reuters

    Tokyo stocks wobble after China reports sharp rise in virus deaths

    Japanese shares wobbled on Thursday as a sharp jump in the death toll from the coronavirus triggered concerns that the epidemic could get worse before it is brought under control. The death toll in China's Hubei province, the epicentre of the flu-like virus outbreak, rose by 242 to 1,310 as of Wednesday. A record 14,840 cases were reported in Hubei on Thursday, from 2,015 new cases nationwide a day earlier, under a new method for diagnosing cases.

  • Applied Materials (AMAT) Q1 Earnings and Revenues Beat Estimates
    Zacks

    Applied Materials (AMAT) Q1 Earnings and Revenues Beat Estimates

    Applied Materials (AMAT) delivered earnings and revenue surprises of 6.52% and 1.01%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?