Applied Materials: 3-Year Outlook Is More Optimistic Than The Market Thinks

The Value Portfolio
Investing Group Leader

Summary

  • Applied Materials recently released its 3-year outlook, something the market didn't look favorably upon.
  • The company's guidance has it reaching a P/E of 16 in just 3 years, as its recent buyback authorization and dividend mean continued shareholder returns.
  • Going forward, we expect the company to continue its market dominance and increase its positioning, driving stronger shareholder returns.
  • I do much more than just articles at The Energy Forum: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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Applied Materials (NASDAQ: NASDAQ:AMAT) is a massive more than $100 billion company that provides services to the semiconductor and display industries. The company recently saw its stock drop after it released its

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This article was written by

The Value Portfolio
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The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends.

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Analyst’s Disclosure:I am/we are long AMAT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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