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.
Shares have formed a bullish "double bottom" are are on the cusp of moving higher out of this formation. Higher share prices are expected for this stock. Note the 50-day moving average.
52-Weeks Trading Range: $36.33 - $60.89
Entry Point: $57.10
Stop Loss: $54.24
Target Price: $62.81
AMAT closed at $51.29