Forecast Of The Day: Applied Materials Silicon Systems Revenue
What?
Applied Material’s (NASDAQ:AMAT) Silicon Systems Revenue rose from around $9 billion in 2019 to $16.3 billion in 2021. Trefis expects the metric to grow to over $21.5 billion by 2023.
Why?
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Growth is being driven by stronger capital spending by semiconductor manufacturers, who are seeing demand and pricing for logic and memory chips rise.
So What?
We think Applied stock is undervalued at current levels. We value AMAT at $165 per share, 35% ahead of the current market price.
See Our Complete Analysis For Applied Materials
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| Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| AMAT Return | -10% | -25% | 267% |
| S&P 500 Return | -1% | -6% | 101% |
| Trefis MS Portfolio Return | 0% | -8% | 262% |
[1] Month-to-date and year-to-date as of 4/8/2022
[2] Cumulative total returns since the end of 2016
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