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Applied Materials Inc AMAT Stock Quote

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Morningstar‘s Stock Analysis AMAT

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Applied Materials Finishes Fiscal 2022 on a High Note; Memory and China Headwinds Loom in 2023

Abhinav Davuluri Sector Strategist

Analyst Note

| Abhinav Davuluri |

Wide-moat Applied Materials reported fiscal fourth-quarter revenue above the midpoint of the firm’s updated guidance provided on Oct. 12 due to the latest export restrictions on U.S. semiconductor equipment to China. Specifically, management had lowered its revenue outlook to $6.4 billion (from $6.65 billion previously), but ultimately overestimated the impact of the restrictions while enjoying improved supply conditions that enabled stronger shipments. We maintain our view that the wafer fab equipment market will be down 22% in 2023 primarily due to weaker memory spending. Our fair value remains $110 per share for Applied and we view shares as fairly valued following the recent run-up in the stock (up 39% over the past month).

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Key Statistics AMAT

Company Profile AMAT

Business Description

Applied Materials is the world's largest supplier of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world. The firm's systems are used in nearly every major process step with the exception of lithography. Key tools include those for chemical and physical vapor deposition, etching, chemical mechanical polishing, wafer- and reticle-inspection, critical dimension measurement, and defect-inspection scanning electron microscopes.

3050 Bowers Avenue, P.O. Box 58039
Santa Clara, CA, 95052-8039
Industry Semiconductor Equipment & Materials
Employees 27,000

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FAQs for Applied Materials Inc Stock

Yes. AMAT has a forward dividend yield of 0.98%. See AMAT’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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AMAT’s market cap is 93.05 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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AMAT’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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AMAT’s price/sales is 3.61.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AMAT’s price/forward earnings is 15.46.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AMAT’s price/book is 7.49.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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AMAT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AMAT’s historical performance against its industry peers and the overall market.