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NASDAQ:AMAT

Applied Materials (AMAT) Stock Price, News & Analysis

$189.46
-0.31 (-0.16%)
(As of 04:23 PM ET)
Today's Range
$186.85
$191.78
50-Day Range
$180.31
$212.98
52-Week Range
$109.15
$214.91
Volume
6.95 million shs
Average Volume
6.21 million shs
Market Capitalization
$157.42 billion
P/E Ratio
22.29
Dividend Yield
0.68%
Price Target
$201.50

Applied Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
6.4% Upside
$201.50 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.99
Upright™ Environmental Score
News Sentiment
0.82mentions of Applied Materials in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.42%
From $8.04 to $9.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Computer And Technology Sector

87th out of 585 stocks

Semiconductors & Related Devices Industry

18th out of 86 stocks

AMAT stock logo

About Applied Materials Stock (NASDAQ:AMAT)

Applied Materials, Inc. is a global leader in providing innovative materials engineering solutions to the semiconductor, display, and related industries. Founded in 1967, the company's mission is to create customer value by developing technologies that enable them to build transformative products and drive their growth. With a commitment to sustainability and social responsibility, Applied Materials is dedicated to positively impacting the environment, communities, and society.

Applied Materials offers a wide range of products and services that enable customers to manufacture advanced semiconductors, flat panel displays, and solar photovoltaic cells. The company's product portfolio includes chemical and physical vapor deposition equipment, etch, cleaning, and metrology. Applied Materials also provides advanced software, automation, and services to optimize the performance and efficiency of its equipment and enable customers to reduce their time-to-market and manufacturing costs.

Applied Materials serves diverse semiconductor, display, and solar customers, including leading semiconductor manufacturers, foundries, memory and logic device makers, and display panel manufacturers. Some of the company's key customers include Samsung, Intel, TSMC, and Micron.

Headquartered in Santa Clara, California, Applied Materials has a global presence with operations in over 20 countries. The company has a strong track record of innovation and has been recognized for its achievements and contributions to the industry. In 2020, Applied Materials was named to the Dow Jones Sustainability World Index for the 16th consecutive year, reflecting its commitment to sustainability and social responsibility.

A seasoned management team leads Applied Materials with decades of experience in semiconductors and related industries. The company's Chief Executive Officer is Gary Dickerson, who has been with Applied Materials since 2013 and has led the company through sustained growth and innovation. Other key management team members include Brice Hill, Chief Financial Officer and Omkaram Nalamasu, Chief Technology Officer.

Applied Materials has delivered strong financial performance over the past few years, driven by the growing demand for advanced semiconductor and display technologies. The company has been reporting modest increases in revenue, net income, and profit margin over the past several years. 

Applied Materials' valuation metrics align with its industry peers with price-to-earnings and price-to-book ratios that parallel the industry. Its strong financial performance, growth prospects, and favorable industry trends support its valuation. Applied Materials' stock price has been on an upward trend over the past few years, driven by the company's strong financial performance and growth prospects. However, the company's stock price has been somewhat volatile in recent months due to global supply chain disruptions and geopolitical tensions.

The semiconductor industry has been experiencing strong growth in recent years, driven by the increasing demand for advanced electronics and digitalization. However, the industry faces significant challenges, including rising geopolitical tensions, global supply chain disruptions, and regulatory pressures. Given its strong technology portfolio and established customer relationships, Applied Materials is well-positioned to capitalize on the industry's growth prospects. The company also faces intense competition from industry peers such as Lam Research and ASML.

Given the industry's strong growth prospects, many governments worldwide are investing heavily in developing their semiconductor industries to reduce reliance on imports and enhance national security. This has led to increased competition and regulatory pressures in the industry, which could impact Applied Materials' growth prospects and profitability.

In addition, the industry is subject to significant cyclical fluctuations, which can lead to sharp declines in demand and revenue. This can be particularly challenging for Applied Materials, which relies heavily on the semiconductor industry for its revenue and profits.

To mitigate these risks, Applied Materials is focused on expanding its product portfolio, diversifying its customer base, and investing in research and development to maintain its competitive edge. The company also works closely with governments and industry partners to promote open trade and reduce regulatory barriers.

Another growth opportunity for Applied Materials is its leadership in developing equipment for manufacturing OLED displays, which are used in high-end smartphones and televisions. The company's innovations in this area have helped to reduce the cost of manufacturing OLED displays and increase their performance, making them more accessible to a broader range of consumers.

While Applied Materials is well-positioned for growth, the company faces several risks and challenges. One of the biggest challenges is the cyclicality of the semiconductor industry, which can lead to fluctuations in demand and revenue. The industry is also subject to significant geopolitical risks, such as trade tensions between the US and China, which can impact demand for semiconductors and disrupt supply chains.

In addition, there is intense competition in the semiconductor equipment market, with some well-established players and new entrants vying for market share. Applied Materials faces stiff competition from companies like ASML, Lam Research, and KLA, which also provide equipment and services for semiconductor manufacturing.

To mitigate these risks, Applied Materials has implemented a number of risk management strategies, including diversifying its customer base and product offerings, investing in R&D to maintain its competitive edge, and maintaining a strong balance sheet to weather industry downturns.

AMAT Stock Price History

AMAT Stock News Headlines

Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Breaking Down Applied Mat: 22 Analysts Share Their Views
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 3/14 Dividend
2/21/2024
Dividend Payable
3/14/2024
Today
4/22/2024
Next Earnings (Estimated)
5/16/2024
Ex-Dividend for 6/13 Dividend
5/22/2024
Dividend Payable
6/13/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:AMAT
CUSIP
03822210
CIK
6951
Employees
34,000
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$201.50
High Stock Price Target
$260.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
26 Analysts

Profitability

Net Income
$6.86 billion
Pretax Margin
30.42%

Debt

Sales & Book Value

Annual Sales
$26.52 billion
Cash Flow
$8.83 per share
Book Value
$19.47 per share

Miscellaneous

Free Float
828,487,000
Market Cap
$159.74 billion
Optionable
Optionable
Beta
1.59

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Should I Buy Applied Materials Stock? AMAT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Applied Materials, Inc.:

  • Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor industry, a sector with high growth potential.
  • The company operates through three segments, providing diversified revenue streams and reducing dependency on a single market.
  • Applied Materials offers various cutting-edge technologies in semiconductor manufacturing, staying competitive in the industry.
  • Recent developments in the semiconductor market have increased demand for equipment and services, benefiting companies like Applied Materials.
  • Despite market fluctuations, Applied Materials stock price has shown resilience and potential for growth.

Cons

Investors should be bearish about investing in Applied Materials, Inc. for these reasons:

  • The semiconductor industry is highly cyclical, subject to market volatility and economic downturns.
  • Competition in the semiconductor equipment sector is intense, potentially impacting Applied Materials' market share and profitability.
  • Global trade tensions and geopolitical factors can affect the semiconductor market, influencing Applied Materials' performance.
  • Technological advancements and rapid changes in the industry may require continuous investment in research and development, impacting profitability.
  • Fluctuations in raw material prices and supply chain disruptions can pose challenges to companies like Applied Materials.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Applied Materials pros and cons to contact@marketbeat.com.

AMAT Stock Analysis - Frequently Asked Questions

Should I buy or sell Applied Materials stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMAT shares.
View AMAT analyst ratings
or view top-rated stocks.

What is Applied Materials' stock price target for 2024?

26 analysts have issued 1-year target prices for Applied Materials' stock. Their AMAT share price targets range from $140.00 to $260.00. On average, they predict the company's share price to reach $201.50 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price.
View analysts price targets for AMAT
or view top-rated stocks among Wall Street analysts.

How have AMAT shares performed in 2024?

Applied Materials' stock was trading at $162.07 at the beginning of 2024. Since then, AMAT shares have increased by 17.6% and is now trading at $190.64.
View the best growth stocks for 2024 here
.

When is Applied Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our AMAT earnings forecast
.

How were Applied Materials' earnings last quarter?

Applied Materials, Inc. (NASDAQ:AMAT) issued its quarterly earnings results on Thursday, February, 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.90 by $0.23. The manufacturing equipment provider earned $6.71 billion during the quarter, compared to analyst estimates of $6.48 billion. Applied Materials had a trailing twelve-month return on equity of 43.56% and a net margin of 27.03%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 earnings per share.
Read the conference call transcript
.

How often does Applied Materials pay dividends? What is the dividend yield for Applied Materials?

Applied Materials announced a quarterly dividend on Friday, March 8th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.40 per share on Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, May 22nd. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for AMAT
.

Is Applied Materials a good dividend stock?

Applied Materials (NASDAQ:AMAT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.67%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 15.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAT will have a dividend payout ratio of 13.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAT.

How will Applied Materials' stock buyback program work?

Applied Materials announced that its Board of Directors has authorized a share repurchase plan on Monday, March 13th 2023, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

What guidance has Applied Materials issued on next quarter's earnings?

Applied Materials updated its second quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 1.790-2.150 for the period, compared to the consensus earnings per share estimate of 1.790. The company issued revenue guidance of $6.1 billion-$6.9 billion, compared to the consensus revenue estimate of $6.3 billion.

What is Gary Dickerson's approval rating as Applied Materials' CEO?

1,064 employees have rated Applied Materials Chief Executive Officer Gary Dickerson on Glassdoor.com. Gary Dickerson has an approval rating of 93% among the company's employees. This puts Gary Dickerson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Applied Materials to a friend.

What other stocks do shareholders of Applied Materials own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Materials investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), Cisco Systems (CSCO), Lam Research (LRCX), QUALCOMM (QCOM), Walt Disney (DIS) and Netflix (NFLX).

Who are Applied Materials' major shareholders?

Applied Materials' stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.34%), Los Angeles Capital Management LLC (0.12%), Raymond James & Associates (0.10%), Allspring Global Investments Holdings LLC (0.06%), Grassi Investment Management (0.03%) and State of Michigan Retirement System (0.03%). Insiders that own company stock include Brice Hill, Daniel Durn, Gary E Dickerson, Gary E Dickerson, Ginetto Addiego, Omkaram Nalamasu, Teri A Little, Timothy M Deane and Xun Chen.
View institutional ownership trends
.

How do I buy shares of Applied Materials?

Shares of AMAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Applied Materials have any subsidiaries?
The following companies are subsidiares of Applied Materials: AKT America LLC, AKT Godo Kaisha, ATMI - Treatment Systems business, Advent Solar, Applied Films Corporation, Applied Materials (China) Holdings Ltd., Applied Materials (China) Inc., Applied Materials (Holdings), Applied Materials (Shanghai) Co. Ltd., Applied Materials (Xi'an) Ltd., Applied Materials Asia-Pacific LLC, Applied Materials Belgium N.V., Applied Materials Canada Inc., Applied Materials China Limited, Applied Materials Deutschland Holding GmbH, Applied Materials Display Equipment (Shanghai) Co. Ltd., Applied Materials Europe B.V., Applied Materials France, Applied Materials GmbH, Applied Materials GmbH & Co. KG, Applied Materials Holdings S.à r.l., Applied Materials Hong Kong Limited, Applied Materials India Private Limited, Applied Materials Ireland Limited, Applied Materials Israel Ltd., Applied Materials Italia S.r.l., Applied Materials Japan Inc., Applied Materials Korea Ltd., Applied Materials Luxembourg 2 S.à r.l., Applied Materials Netherlands B.V., Applied Materials Philippines LLC, Applied Materials Singapore Technology Pte. Ltd., Applied Materials South East Asia Pte. Ltd., Applied Materials Switzerland S.à r.l. in liquidation, Applied Materials Taiwan Ltd., Applied Materials U.S. Holdings LLC, Applied Materials UK Limited, Applied Materials Verwaltung GmbH, Applied Materials WEB Coating GmbH, Applied Ventures ITIC Innovation Fund GP LLC, Applied Ventures Innovation Fund I L.P., Applied Ventures Investment Management GP I LLC, Applied Ventures LLC, Baccini, Baccini Kesheng Italia S.r. l., Baccini Kesheng Pte. Ltd., Boxer Cross, Brooks Software, Consilium Inc., DMO Systems Limited, Electron Vision Corp., Etec Systems, Global Knowledge Services, HCT Shaping Systems, Hitachi Kokusai Electric, ICT Integrated Circuit Testing GmbH, Kunshan Tango Semiconductor Equipment Co. Ltd., Lin-gang Special Area Applied Materials (Shanghai) Co. Ltd., MDLSoft LLC, MDLab S.r. l. in liquidation, Mecatronix GmbH, Metron Technology Ltd, NP Komplete Technologies B.V., Obsidian Inc., Opal Inc., Oramir, Orbot Instruments, Perceptive Engineering, Perceptive Engineering Limited, Perceptive Engineering Pte. Ltd., Sage Design Automation LLC, Sage Design Automation Ltd., Semitool Inc., Sigmameltec Ltd., Tango Systems LLC, Think Silicon, Think Silicon Research and Technology Single Member S.A. (Think Silicon S.A.), Torrex Equipment, Varian Semiconductor Equipment Associates Inc., and Veranome Biosystems LLC.
Read More
This page (NASDAQ:AMAT) was last updated on 4/22/2024 by MarketBeat.com Staff

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