Ticker (Exchange) – AMAT (NASDAQ)
ISIN - US0382221051
Current price – $201.7
Target price – $234
Growth potential – 16.0%🔥
Dividend yield – 0.7%💵
Investment horizon – 1 year
Applied Materials is an American technology company that provides equipment, services, and software necessary for manufacturing chips for various types of electronics, displays for computers, smartphones, and televisions, as well as solar panels. Applied Materials' products are used in artificial intelligence (AI) technologies, creating strong business prospects. The fair price of the company's shares is $234, with an upside of 16%. The dividend yield is 0.7%.
Investment thesis
🔼Strong financial performance. Applied Materials reported strong results for Q3 2024 fiscal year (Q2 2024). The company's revenue increased by 5% YoY to $6.78 bln. Adjusted earnings per share (EPS) rose by 12% to $2.12. Both metrics exceeded market expectations. Additionally, during the past quarter, Applied Materials generated $2.09 bln in net cash flow, nearly double that of the previous quarter.
🔼Optimistic forecast. The company is well-positioned in the semiconductor market, participating in the production chains of various memory chips used for AI technologies. This supports expectations for strong financial performance in the future. For Q4 2024 fiscal year, Applied Materials forecasts revenue of $6.93 bln (+/- $400 mln) and EPS of $2.18 (+/- $0.18).
🔼Dividends and buyback. Applied Materials shares profits with shareholders through dividends and stock buybacks. In Q3 2024 fiscal year, $1.19 bln was allocated for this purpose. The dividend yield of the shares is 0.7%.
To open a brokerage account with Unibank Invest, please fill out the application form or contact us at +374 43 004 382.
Disclaimer
The information provided above is not an investment recommendation and does not guarantee or promise profitability. Before investing, you should assess the potential risks and rewards and determine your willingness and ability to accept such risks.
Unibank OJSC is regulated by the Central Bank of Armenia.
ISIN - US0382221051
Current price – $201.7
Target price – $234
Growth potential – 16.0%🔥
Dividend yield – 0.7%💵
Investment horizon – 1 year
Applied Materials is an American technology company that provides equipment, services, and software necessary for manufacturing chips for various types of electronics, displays for computers, smartphones, and televisions, as well as solar panels. Applied Materials' products are used in artificial intelligence (AI) technologies, creating strong business prospects. The fair price of the company's shares is $234, with an upside of 16%. The dividend yield is 0.7%.
Investment thesis
🔼Strong financial performance. Applied Materials reported strong results for Q3 2024 fiscal year (Q2 2024). The company's revenue increased by 5% YoY to $6.78 bln. Adjusted earnings per share (EPS) rose by 12% to $2.12. Both metrics exceeded market expectations. Additionally, during the past quarter, Applied Materials generated $2.09 bln in net cash flow, nearly double that of the previous quarter.
🔼Optimistic forecast. The company is well-positioned in the semiconductor market, participating in the production chains of various memory chips used for AI technologies. This supports expectations for strong financial performance in the future. For Q4 2024 fiscal year, Applied Materials forecasts revenue of $6.93 bln (+/- $400 mln) and EPS of $2.18 (+/- $0.18).
🔼Dividends and buyback. Applied Materials shares profits with shareholders through dividends and stock buybacks. In Q3 2024 fiscal year, $1.19 bln was allocated for this purpose. The dividend yield of the shares is 0.7%.
To open a brokerage account with Unibank Invest, please fill out the application form or contact us at +374 43 004 382.
Disclaimer
The information provided above is not an investment recommendation and does not guarantee or promise profitability. Before investing, you should assess the potential risks and rewards and determine your willingness and ability to accept such risks.
Unibank OJSC is regulated by the Central Bank of Armenia.
