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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Applied Materials    AMAT

APPLIED MATERIALS

(AMAT)
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Applied Materials : Up 4.2%; Goldman Upgrades to Buy

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07/22/2019 | 10:46am EDT

By Michael Dabaie

Applied Materials Inc. (AMAT) shares were up 4.2% to $49.82 in early trade.

Goldman Sachs upgraded Applied Materials to Buy from Neutral and raised its target price to $56.

While the near-term equipment spending environment is likely to remain weak, Goldman said it expects investors to look through 2019 and into 2020, where it is now incrementally more positive on the potential for memory equipment and overall wafer fabrication equipment spending to expand.

The note said Goldman expects Applied to benefit from the improved outlook given its leading WFE share position and exposure to memory, as well as the company's increased willingness to deploy capital.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
APPLIED MATERIALS -0.88% 51.68 Delayed Quote.59.25%
GOLDMAN SACHS GROUP INC. 0.03% 206.52 Delayed Quote.23.59%
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Financials (USD)
Sales 2019 14 532 M
EBIT 2019 3 378 M
Net income 2019 2 708 M
Debt 2019 1 764 M
Yield 2019 1,61%
P/E ratio 2019 18,1x
P/E ratio 2020 15,4x
EV / Sales2019 3,41x
EV / Sales2020 3,17x
Capitalization 47 740 M
Chart APPLIED MATERIALS
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Technical analysis trends APPLIED MATERIALS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 54,27  $
Last Close Price 51,68  $
Spread / Highest target 25,8%
Spread / Average Target 5,01%
Spread / Lowest Target -22,6%
EPS Revisions
Managers
NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Ginetto Addiego Senior VP-Engineering, Operations & Quality
Daniel J. Durn Chief Financial Officer & Senior Vice President
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
APPLIED MATERIALS59.25%47 740
DISCO CORPORATION78.15%7 154
ASM INTERNATIONAL N.V.134.36%4 681
NAURA TECHNOLOGY GROUP CO LTD--.--%4 053
BE SEMICONDUCTOR INDUSTRIES NV66.52%2 485
SHENZHEN SC NEW ENERGY TECHNOLOGY CORP--.--%1 456