AMAT
Applied Materials Inc
TMT
04/13/2015
Presented
| Date | 04/09/2015 |
| Price | $22.51 |
| Market Cap | $27.70B |
| Ent Value | $26.52B |
| P/E Ratio | 24x |
| Book Value | $6.57 |
| Div Yield | 1.78% |
| Shares O/S | 1,228.70M |
| Ave Daily Vol | 15,580,000 |
| Short Int | 6.55% |
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, etch, electrochemical deposition, rapid thermal processing, ion implantation, chemical mechanical planarization, epitaxy, 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 enhance the performance and productivity, and reduce the environmental impact of semiconductor, display, and solar customers' factories. 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 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 roll-to-roll plastic substrates for flexible touch panels, flexible displays, and other applications. The company serves manufacturers of semiconductor wafers and chips, flat panel liquid crystal and other displays, solar PV cells and modules, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California. |
Publicly traded companies mentioned herein: Applied Materials (AMAT) and Tokyo Electron (8035 JP)
Highlights
As Applied Materials continues in its attempts to close the acquisition of Tokyo Electron - an inversion that is expected to provide meaningful tax savings and synergies - the presenter believes evident fatigue on the part of event driven investors currently provides an attractive entry point. The deal was signed 560 or so days ago, and event driven investors involved in the name have been hurt in the interim by a variety of other stocks. Additionally, investors likely have been spooked by a couple of recent negative data points in the semiconductor space. There remain a couple of regulatory hurdles to clear, but the presenter believes the merits and probability of the deal remain intact.
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