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Applied Materials, Inc. (AMAT) provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic (PV), and related industries worldwide.
It operates through four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.
The Silicon Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. Its products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etch, and metrology and inspection, as well as systems that enables transfer of patterns used in the photolithography.
The Applied Global Services segment provides solutions to enhance the performance and productivity of semiconductor, display, and solar products.
The Display segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, and other display technologies for televisions, personal computers, tablets, smartphones, and other consumer-oriented devices.
The Energy and Environmental Solutions segment provides products for fabricating crystalline-silicon solar PV cells. This segment also offers roll-to-roll deposition equipment for flexible electronics, packaging and other applications.
The company serves manufacturers of semiconductor wafers and chips, liquid crystal and other displays, solar PV cells and modules, and other electronic devices.
The company reported its Q3 earnings on August 8th. The Company booked orders worth $3.7 billion in Q3, which is highest in any given quarter in the last 15 years. The company’s pro-forma earnings per share (EPS) of 50 cents in the third quarter beat the consensus estimate of 47 cents. It reported revenues of $2.821 billion, Net Earnings of $505 million. Gross margins rose from 41.97% to 42.25%. Going forward, revenues are expected to increase 15–19 percentage points sequentially. Non-GAAP EPS is expected to come in a range of 61 cents to 69 cents. The strong earnings report has pushed shares into a bullish "cup and handle" formation. Higher share prices are expected for this stock.
52-Weeks Trading Range: $14.29 - $29.74
Entry Point: $29.20
Stop Loss: $27.65
Target Price: $32.20
AMAT closed at $30.25
