|Bid||46.57 x 1400|
|Ask||46.90 x 600|
|Day's range||46.21 - 47.10|
|52-week range||41.94 - 62.40|
|PE ratio (TTM)||15.70|
|Earnings date||16 Aug 2018|
|Forward dividend & yield||0.80 (1.72%)|
|1y target est||65.82|
MARKET PULSE Shares of semiconductor-equipment companies Lam Research Corp. (lcrx) Applied Materials Inc. (amat) and KLA-Tencor Corp. (klac) are up in premarket trading after ASML Holding NV (asml) reported better-than-expected results and said it expected a stronger second half.
Lam Research Corp. (lrcx) shares are down 0.8% in premarket trading, while Applied Materials Inc. (amat) shares are down 0.5%, after Evercore ISI analyst C.J. Muse lowered his price targets for both stocks. KLA-Tencor shares are off 0.2% premarket. Lam Research shares are up 9.4% over the past 12 months, while Applied Materials shares have gained 0.4% and the S&P 500 (spx) has climbed 14%.
A Wall Street analyst on Monday cut his price targets on four chip gear stocks, saying the market for wafer fabrication equipment, especially for memory chips, has softened recently.
One of the biggest semiconductor shows of the year kicks off in San Francisco tomorrow, Semicon West, and as mentioned previously, there’s some substantial caution heading into this conference by those following stocks of chip equipment makers such as Applied Materials (AMAT), Lam Research (LRCX), and ASML Holding (ASML). Morgan Stanley’s Joseph Moore and Craig Hettenbach today offer some estimate cuts for Applied and Lam in a joint note to clients, and try to gauge what next year looks like. While the analysts maintain Overweight ratings on shares of both, they cut target prices, lowering Applied Materials to $58 from $60, and lowering Lam to $219 from $238.
July 9 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd : * SAYS IT ORDERS EQUIPMENT FOR T$1.3 BILLION ($42.82 million) Source text for Eikon: Further company coverage: ($1 = 30.3610 Taiwan dollars) ...
A Wall Street analyst on Monday turned cautious on semiconductor equipment stocks ahead of a major industry conference. Needham analyst Edwin Mok cut his price targets on four chip-gear stocks.
Pilgrim’s Pride and Hi-Crush Partners are stocks on my list that are potentially undervalued. This means their current share prices are trading well-below what the companies are actually worth. There’sRead More...
Among the companies with shares expected to trade actively in Tuesday's session are General Electric, Applied Materials, Intel, Wells Fargo, Bank of America and Amazon.com.
Shares of KLA-Tencor Corp. (klac) are down 3% in Friday morning trading after Needham analyst Y. Edwin Mok downgraded the stock to hold from buy due to "increased risk for slower 7-nanometer/5-nanometer foundry investments" in the second half of 2018. Mok likes the company's long-term outlook, but he is concerned about foundry delays as well as memory pushouts. "With the recent increased chatter on memory pushouts, we believe investors are "hiding" in KLAC on its relatively lower exposure to memory than of its peers," Mok wrote.
Applied Materials Inc (NASDAQ:AMAT) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In theRead More...
Shares of Lam Research Corp. and Applied Materials Inc. are down in premarket trading, though Stifel analyst Patrick Ho reiterated his long-term optimism about the names following recent reports of memory shipment push-outs. "We believe these are attributable to Samsung, and primarily on the 3D NAND front," Ho wrote. "We remind investors that Samsung has been Lam's largest customer for many years now (going back to the early 2000s when the company began working aggressively with Samsung)." Ho remains upbeat in his long-term view of Lam, which he rates a buy, and the industry in general.
Applied Materials (AMAT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A Wall Street analyst downgrades semiconductor-equipment stocks Applied Materials and Lam Research, but upgrades ASML Holding.
Evercore analyst C.J. Muse's cautious note about Lam Research Corp. prompted a sell-off in shares of Lam, Applied Materials Inc. , KLA-Tencor Corp. and other semiconductor-equipment names last week, and on Wednesday Muse weighed in with an update. "While we do see a near-term pause for LRCX, we see no risk to consensus estimates for peers AMAT, ASML , and KLAC," he wrote. "We think downside risk from here is quite limited," he said, adidng that "for investors with 3+mos time horizon, now is the time to start adding." Muse has buy ratings on shares of Lam Research, Applied Materials, and ASML.
Shares of Lam Research Corp. are up 0.7% in premarket trading Tuesday after J.P. Morgan analyst Harlan Sur defended the stock amid concerns about Lam's shipment outlook. "On overweight-rated Lam Research, we don't disagree that there is some downside risk to estimates in C2H18, but given our recent research efforts, we believe the services business (recurring revenue) that is 25% of their overall business and deferred revenue backlog of $1.1 billion translate to minimal downside in 2H revenues and earnings and continued growth in CY19," Sur wrote.
Applied Materials (AMAT) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
Gary Dickerson took the helm as Applied Materials Inc’s (NASDAQ:AMAT) CEO and grew market cap to US$52.71B recently. Recognizing whether CEO incentives are aligned with shareholders is a crucial partRead More...
This morning I attended a most interesting conference on artificial intelligence at the Penn Club in midtown Manhattan. The meeting featured startups, as well as chip-equipment giant Applied Materials (AMAT), and it was hosted by Pierre Ferragu, who recently left his post as tech analyst at Bernstein, to take up a new role covering many areas of tech at New Street Research, a research-only firm with no brokerage business. The question is what kinds of chips will those be?
Applied Materials Inc (NASDAQ:AMAT) has pleased shareholders over the past 10 years, paying out an average dividend of 2.00% annually. The company currently pays out a dividend yield of 1.57%Read More...
Shares of Applied Materials (AMAT) dipped recently on the back of weaker-than-expected guidance after the company reported its second-quarter financial results at the end of last week. However, the chipmaking equipment power posted strong overall results, and the stock looks like a great value at the moment.