Applied Materials

Applied Materials, Inc. (NASDAQ:AMAT) Stock news,price target,Analyst Forecast,Analyst Ratings,Outlook,Guidance

Applied Materials (NASDAQ:AMAT) Fiscal Q2 Non-GAAP EPS, Revenue Gain; Q3 Outlook Set

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Applied Materials (NASDAQ:AMAT) reported fiscal Q2 non-GAAP adjusted earnings per diluted share of $2, up from $1.85 last year. Analysts polled by Capital IQ expected a normalized EPS of $1.83. Revenue for the quarter ended April 30 was $6.63 billion, up from $6.24 billion a year ago. Analysts surveyed by Capital IQ expected $6.37 billion. For fiscal Q3, Applied expects net sales of about $6.15 billion, plus or minus $400 million, and non-GAAP diluted EPS of $1.56 to $1.92. Analysts expect normalized EPS of $1.64 and revenue of $6.05 billion.

Applied Materials (NASDAQ:AMAT) Fiscal Q2 Non-GAAP EPS, Revenue Gain; Q3 Outlook Set Read Post »

Stifel: Raised Applied Materials (NASDAQ:AMAT) price target to $140 from $132 with maintaining Buy rating

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Stifel analyst Brian Chin raised its price target on Applied Materials (NASDAQ:AMAT) to $140 from $132 and maintained a buy rating after the company reported fiscal first-quarter earnings slightly above expectations, though a “surprising update” was that the company’s inventories were growing again month-over-month. Analysts believe that the company’s exposure to lagging WFE technology is significantly higher than average, which neither the company nor the industry has noticed, meaning that “the largest semiconductor company is expected to easily outperform the entire industry this year.”

Stifel: Raised Applied Materials (NASDAQ:AMAT) price target to $140 from $132 with maintaining Buy rating Read Post »

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