AMAT

Applied Materials Inc.

TMT


Presented:11/30/2022
Price:$109.60
Cap:$94.29B
Current Price:$191.02
Cap:$157.48B

Presented

Date11/30/2022
Price$109.60
Market Cap$94.29B
Ent Value$79.95B
P/E Ratio14.74x
Book ValueN/A
Div Yield0.93%
Shares O/S860.31M
Ave Daily Vol8,515,874
Short Int1.99%

Current

Price$191.02
Market Cap$157.48B
Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display & Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, equipment upgrades, and other display technologies for TVs, monitors, laptops, personal computers, smart phones, and other consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.

Please note, this is an update to Applied Materials Inc (AMAT) – Long initially presented on 03/11/2022.

Publicly traded companies mentioned herein: Applied Materials Inc (AMAT), Lam Research Corp (LRCX)

Highlights

The presenter remains long shares of Applied Materials Inc (AMAT), which is down 25% YTD but has moved up from $75 per share in mid-October to the current $110. Following positive conversations with management, he expects AMAT to outperform peers in addition to the belief that 2023 consensus expectations for peers are too low. At current pricing, he views AMAT as a reasonably valued stock (16x pessimistic FY2023 EPS) that investors can own for multiple years.

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Idea Discussion

Commentor 1 - 2 weeks ago

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