AMAT

Applied Materials, Inc.
NASDAQ
Price 6/23 11:51 PM (ET)
$590.00
$ Change
-50.18
% Change
-7.84%
Latest News
10 items
Seeking Alpha Positive 6/23 11:33 AM
Applied Materials: Chip Complexity Can Drive The Next Growth Phase

I rate Applied Materials a strong buy rating with a $802 price target, reflecting a 30% upside from current level of $617. The key growth drivers are leading-edge logic and gate-all-around, DRAM and HBM, advanced packaging, and Applied Global Services (AGS). In my model, these drivers can add roughly $6.6 billion of incremental revenue and about $2.26 of incremental EPS, before including operating leverage, which helps support $15.9 FWD 2027 EPS.

Market Cap
465.16B
Dol. Volume
7.07B
Volume
11.98M
52W Range
$154.47 - $641.18
1 Week
-0.49%
1 Month
+36.52%
1 Year
+227.45%
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.