Profile
Sector:
TechnologyIndustry:
Semiconductor Equipment & MaterialsCountry:
United StatesIPO:
17 March 1980Website:
http://www.appliedmaterials.comNext earnings report:
15 August 2024Last dividends:
22 May 2024Next dividends:
22 August 2024Price
after hours | 77 min agoAnalysts recommendations
Institutional Ownership
AMAT Latest News
Nanotech stocks are among the hottest plays in the market right now, thanks to analysts predicting astronomical growth for the market. For example, Fortune Business Insights forecasted the market would grow to $91.18 billion in 2024 and reach $332.73 billion by 2032.
Recently, Zacks.com users have been paying close attention to Applied Materials (AMAT). This makes it worthwhile to examine what the stock has in store.
While it's easy to get locked into semiconductor stocks to buy thanks to the mercurial rise of Nvidia (NASDAQ: NVDA ), there's more to the sector than just one enterprise focused on artificial intelligence. Fundamentally, the chip-manufacturing ecosystem is enticing because it represents the building blocks of innovation.
• Company's latest Sustainability Report outlines efforts to reduce the semiconductor industry's carbon emissions
I believe revenue and EPS growth estimates over the next year are too conservative, making AMAT stock a strong buy. Applied Materials has shown strong revenue and EPS growth over the past 10 years, with revenue increasing by 353% from 2014 to 2024. Consensus revenue estimates suggest continued growth, with revenue projected to increase from $26.94 billion in fiscal 2024 to $37.36 billion in fiscal 2028.
The strong growth outlook for the Semiconductor - WFE industry and its relative stability in uncertain times have led investors to pile into the shares.
SANTA CLARA, Calif., June 13, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.40 per share payable on the company's common stock. The dividend is payable on Sept. 12, 2024 to shareholders of record as of Aug. 22, 2024.
Applied Materials (AMAT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
As Nvidia's (NASDAQ: NVDA ) growth goes hyperbolic, the semiconductor industry seems left behind. After all, much of Nvidia's excitement and value generation comes from its dominance in the graphic process unit sector of semiconductor technology.
Applied Materials stock has had a solid year thus far, rising by over 31% year-to-date. In comparison, Applied's semiconductor industry peer Texas Instruments stock has gained about 14% over the same period.
What type of business is Applied Materials?
Applied Materials, Inc. is an American technology company founded in 1967, headquartered in Santa Clara, California. It is one of the largest suppliers of semiconductor components for the production of computer equipment, smartphones, televisions, and other electronics. The Semiconductor Systems segment offers a wide range of technical equipment used in the manufacturing of semiconductor microchips, also known as integrated circuits. The Global Services segment provides support for equipment installation, as well as maintenance support and upgrades for installed base equipment. The Display and Adjacent Markets sector develops and manufactures products for the further production of organic light-emitting diodes (OLED), liquid crystal displays (LCD), and other components.
What sector is Applied Materials in?
Applied Materials is in the Technology sector
What industry is Applied Materials in?
Applied Materials is in the Semiconductor Equipment & Materials industry
What country is Applied Materials from?
Applied Materials is headquartered in United States
When did Applied Materials go public?
Applied Materials initial public offering (IPO) was on 17 March 1980
What is Applied Materials website?
https://www.appliedmaterials.com
Is Applied Materials in the S&P 500?
Yes, Applied Materials is included in the S&P 500 index
Is Applied Materials in the NASDAQ 100?
Yes, Applied Materials is included in the NASDAQ 100 index
Is Applied Materials in the Dow Jones?
No, Applied Materials is not included in the Dow Jones index
When does Applied Materials report earnings?
The next expected earnings date for Applied Materials is 15 August 2024