AMAT
Applied Materials Inc
TMT
01/23/2014
Presented
| Date | 01/15/2014 |
| Price | $17.63 |
| Market Cap | $21.20B |
| Ent Value | $21.28B |
| P/E Ratio | 25.76x |
| Book Value | $6.57 |
| Div Yield | 1.6% |
| Shares O/S | 1,204.18M |
| Ave Daily Vol | 10,170,000 |
| Short Int | 3.33% |
Current
| Price | $191.02 |
| Market Cap | $157.48B |
| Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. This segment offers systems that perform primary processes used in chip fabrication, including atomic layer deposition, chemical vapor deposition, physical vapor deposition, electrochemical deposition, rapid thermal processing, ion implantation, chemical mechanical planarization, wet cleaning, and wafer metrology and inspection, as well as systems that etch or inspect circuit patterns on masks used in the photolithography process. Its Applied Global Services segment provides products and services designed to improve the performance and productivity, and reduce the environmental impact of the fab operations of semiconductor, display, and solar manufacturing. The company’s Display segment offers products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes, and other display technologies for televisions, personal computers, tablets, smartphones, and other consumer-oriented devices. Its Energy and Environmental Solutions segment provides manufacturing systems for wafer-based crystalline silicon cells and modules. This segment also offers roll-to-roll vacuum Web coating systems for deposition of various films on flexible substrates for flexible electronics, packaging, and other applications. The company serves manufacturers of semiconductor wafers and chips, flat panel LCDs, solar PV cells and modules, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California. |
Please note, this idea was updated on 4/8/2014 and can be read here: LONG — Applied Materials, Inc. (AMAT) (Update)
Highlights
The presenter likes Applied Materials’ (AMAT) new CEO, Gary Dickerson (former Varian), and also thinks the Tokyo Electron deal will go through. He is taking what he considers to be a contrarian, long position in the stock, and reviewed a variety of current and potential positive catalysts that suggest those who hate AMAT and/ or semiconductor names might be missing a solid opportunity. In addition to the common stock, he thinks the risk/ reward on the January 17, 2015 $20 call options (the premium was ~$1.00 the day of the presentation, and is presently ~$0.87) is incredibly attractive with AMAT at ~$18.
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