Company Of The Day: Applied Materials
What?
Applied Materials (NASDAQ:AMAT) posted record Q3 FY’21 results, with revenue rising 41% year-over-year to $6.2 billion and EPS rising 79% to $1.90.
Why?
- Rallying 30% YTD, What’s Spurring The Rally In Applied Materials’ Stock?
- Up 35% This Year, How Will Applied Materials Stock Trend Following Q4 Results?
- Up 50% This Year, Will Applied Materials Stock Continue To Outperform?
- What To Expect As Applied Materials Reports Q3 Earnings?
- What’s Happening With Applied Materials Stock?
- What To Expect From Applied Materials Q2 Results?
The ongoing semiconductor supply crunch is resulting in strong demand for fabrication equipment. Applied’s Semiconductor systems sales grew 53% year-over-year over Q3.
So What?
Investors appear to be increasingly accustomed to earnings beats from Applied, given how strong the semiconductor market is. The stock actually fell by about 1% in after-hours trading on Thursday. However, we think the stock remains slightly undervalued at current levels.
See Our Complete Analysis For Applied Materials
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