Applied Materials, Inc.NASDAQ
Thu, Dec. 1, 5:10 PM
Thu, Nov. 17, 5:20 PM
- Results – revenue $3.3B (+39.2% Y/Y, $10M below estimates), EPS $0.66 ($0.01 above estimates), new orders $3.03B (+25% Y/Y), backlog $4.58B (+46% Y/Y), gross margin 43.7% (+1.5% Y/Y), operating margin 25.2%, cash from operations $797M, repurchases and dividends $279M
- Q1 projections – revenue $3.20B-$3.34B (+45% Y/Y at midpoint) [consensus $3.12B], EPS $0.62-$0.70 (+154% Y/Y at midpoint) [consensus $0.58]
- Applied Materials (NASDAQ:AMAT) president and CEO Gary Dickerson: "In fiscal 2016, we grew orders, revenue, and earnings to the highest levels in the company’s history, and made significant progress towards our longer-term strategic and financial goals. We’ve focused our organization and investments to deliver highly differentiated solutions that enable customers to build new devices and structures that were never possible before."
- Prior quarters overview
- Conference call
- Press release
Thu, Nov. 17, 4:03 PM
Wed, Nov. 16, 5:35 PM
Thu, Sep. 22, 11:03 AM
- Applied Materials (AMAT -0.6%) raised its FY 2019 EPS model estimates citing multiple inflection points amid analyst day events it held yesterday.
- Goldman Sachs (analysts Toshiya Hari, Charles Long and Alex Karpos) post-event: "The company's new FY19 EPS base case of $2.80 compares to our CY18 estimate of $2.71, with the caveat of management's historically conservative approach to longer term expectations (already earning close to the FY18 model from the 2015 event). AMAT also outlined expectations for 2017 WFE to increase 3 percent (from $32.6 billion in CY16 to $33.5 billion in CY17), with growth expected across all segments – foundry/logic, NAND and DRAM."
- Firm confident long-term as it maintains Conviction Buy rating and $33 target (current price $30.38).
Wed, Sep. 21, 3:53 PM
- Targets FY 2019 EPS of $2.45-$3.17 (17% compound earnings growth over next three years) and expects higher wafer fab equipment spending due to 3D NAND, 10 and 7 nanometer logic and foundry, materials-based patterning and China factory investment inflections.
- Further forecasts 50% display business growth ($1.8B) by that same time period.
- Applied Materials (AMAT +0.6%) President and CEO Gary Dickerson: "Our innovation leadership strategy, combined with the breadth and depth of our materials engineering capabilities, puts Applied in a unique position to sustainably outperform our markets. Over the past few years, we strengthened our organization and processes while increasing investment in R&D, so that today we see opportunities earlier, develop winning products faster and are delivering increased value for customers and shareholders."
- Analyst day presentations
Thu, Sep. 8, 4:24 PM
Tue, Aug. 23, 3:04 PM
- Argus Research analyst Jim Kelleher maintains a Buy rating on Applied Materials (AMAT +3%) and raises his price target by $5 to $34 (current price $30.05). He joins a group of analysts with similar outlooks on the company since it posted strong Q3 results and projected an even better Q4 last week.
- Further notes: "We believe the company's ability to address significant technology transformations bode well for AMAT going forward. Simultaneously, AMAT's increasingly efficient operations are helping it to expand margins and boost profits in a tight top-line environment."
- Applied Materials is up more than 8% since last Thursday's close.
Tue, Aug. 23, 7:38 AM
Fri, Aug. 19, 1:21 PM
- Applied Materials (AMAT +6.7%) yesterday registered a solid Q3 and guided for a strong Q4. Analyst sentiment remains positive with Goldman Sachs, Morgan Stanley, UBS, Nomura Securities, Credit Suisse and B. Riley & Co. restating Buy and Overweight ratings and issuing price targets ranging from $30 to $39 (current price $29.55). S&P Capital IQ maintains a Hold rating and raises to a $31 target.
- An all-time high in new orders ($3.66B), expanding OLED adoption and NAND investments are broadly cited as catalysts among the notes.
Fri, Aug. 19, 11:43 AM
- The chip sector is hot but no name is hotter than Advanced Micro Devices (AMD +10.9%). The company has been gradually rising since last August and has really hit its stride since returning to Y/Y revenue growth for the first time since 2014 in Q2.
- The only company remotely in the ballpark of this type of growth is Nvidia (NVDA +0.4%) with a now 170% increase over the last year.
- Comparably, Intel Corporation (INTC +0.5%) is up slightly over 23%, Micron Technology (MU +3.7%) around 2%, Applied Materials (AMAT +6.7%) nearly 80%, Analog Devices (ADI +0.4%) around 10%, ARM Holdings (ARMH -0.8%) around 56%, Linear Technology (LLTC +0.1%) around 46%, NXP Semiconductors (NXPI +1.2%) around 2%, Marvell Technology (MRVL +3.9%) slightly over 1%, Qualcomm (QCOM -0.4%) around 2.5%, Broadcom (AVGO +0.5%) around 26% and Texas Instruments (TXN +0.3%) around 43% for the same period.
- Advanced Micro Devices shares continues to increase following this week's operational-reveal of the company's highly anticipated Zen-core processors.
Fri, Aug. 19, 9:14 AM
Thu, Aug. 18, 5:35 PM
Thu, Aug. 18, 4:16 PM
- Applied Materials (NASDAQ:AMAT) delivered record EPS of $0.50 and all-time highs in new orders ($3.66B) and backlog ($4.95B).
- President and CEO Gary Dickerson: "With earnings and orders at an all-time high, Applied is performing better than ever and in a great position to sustainably outperform our markets. We are in the early stages of large, multi-year industry inflections that are driving our business today and creating new opportunities for future growth."
- Projects Q4 net sales to grow 15%-10% sequentially and adjusted diluted EPS of $0.61-$0.69.
- Conference call
- Press release
Thu, Aug. 18, 4:02 PM
Thu, Jul. 7, 11:05 AM
- A boost in guidance from Western Digital (WDC +4.1%) is helping to lift some other chip stocks.
- The strong read-through on NAND chip sales have stoked some buying action on Micron (MU +5.1%), Seagate Technology (STX +1.7%), and Applied Materials (AMAT +1.2%) on optimism that NAND pricing will hold up in the second half of the year.
- Previously: Western Digital higher after hours on lift in guidance; CFO to exit (July 6)