Early notable gainers among liquid option names on May 13th » 09:5505/1305/13/21
LRCX, AMAT, PENN, KLAC, NUE
Notable gainers among…
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|Over a week ago|
Applied Materials to host conference call » 08:4005/0505/05/21
Conference call to…
Conference call to discuss 2021 Memory Master Class will be held on May 5 at 12 pm. Webcast Link
Intel spending plans show new CEO 'gets it,' says Stifel » 13:5205/0405/04/21
INTC, AMAT, KLAC, NVMI, ONTO, VECO
Stifel analyst Patrick Ho…
Stifel analyst Patrick Ho noted that Intel (INTC) has announced in recent days additional fab and other engineering investments that include $3.5B to expand its Rio Rancho, New Mexico facility, $10B in a new Israeli fab and $600M in engineering expansion for Mobileye and an R&D center in Israel. Ho believes these investments follow up on new CEO Pat Gelsinger's strategy of "re-investing" to bring it back to its leadership position in process technology and will boost the company's long-term competitive position. The analyst, who said that he sees the investments as evidence that Gelsinger "gets it," believes the company's strategy will benefit the equipment group, including Applied Materials (AMAT), KLA Corp. (KLAC), Nova Measuring (NVMI), Onto Innovation (ONTO) and Veeco Instruments (VECO).
Lam Research price target raised to $705 from $575 at Mizuho » 06:4404/2204/22/21
Mizuho analyst Vijay…
Mizuho analyst Vijay Rakesh raised the firm's price target on Lam Research (LRCX) to $705 from $575 and keeps a Buy rating on the shares following the company's "good" quarter and "solid" guidance. The "significant raise" in wafer fab equipment and foundry spending outlook should be positive for both Lam Research and Applied Materials (AMAT), Rakesh tells investors in a research note.
Citi moves Applied Materials to top semicap pick, boosts price target » 07:5304/1904/19/21
Citi analyst Atif Malik…
Citi analyst Atif Malik raised the firm's price target on Applied Materials to $160 from $130 and keeps a Buy rating on the shares. The analyst also moved Applied Materials to his top semiconductor capital equipment pick. He lifted his 2021/2022/2023 wafer fab equipment forecasts to $76B/$81B/$71B from prior $71B/$71B/$77B expectations and maintains a $100B 2025 view. Malik views equipment makers as beneficiaries of the "foundry capex wars" and U.S. "Chips Act", where that cash and incentives are given to semiconductor companies to regain the manufacturing lead. He moves Applied Materials to his top equipment pick, expecting both memory and logic WFE spend to grow evenly in 2021 versus a prior outsized memory view. Applied Materials has a balanced WFE sales mix among U.S. peers and its valuation discount should close as the company is better positioned to hit its fiscal 2024 target model, says Malik.
Applied Materials price target raised to $160 from $150 at Deutsche Bank » 06:5904/1604/16/21
Deutsche Bank analyst…
Deutsche Bank analyst Sidney Ho raised the firm's price target on Applied Materials to $160 from $150 and keeps a Buy rating on the shares. To reflect a better outlook for the wafer fab equipment market for 2021 and 2022, the analyst increased estimates and price targets for most of the semiconductor capital equipment companies under his coverage.
|Over a month ago|
Fly Insider: Joann, AMC among week's notable insider trades » 18:0104/1204/12/21
MTEM, ORCL, AMTI, JOAN, ADPT, AMAT, AMC, BCYC
Welcome to "Fly Insider,"…
Applied Materials CEO: Our position has never been better » 18:2404/0704/07/21
In an interview on…
In an interview on CNBC's Mad Money, Gary Dickerson said Applied Materials has been investing in all parts of its infrastructure and is in a "great position" strategically. He believes we're in the early innings of the work, learn from anywhere trend, and it's "the biggest inflection point of our lifetime."
Applied Materials price target raised to $170 from $142 at Craig-Hallum » 08:3504/0704/07/21
Craig-Hallum analyst Christian Schwab raised the firm's price target on Applied Materials to $170 from $142 and keeps a Buy rating on the shares following the company's analyst day. Schwab notes the company expects 2021 and 2022 WFE combined to be between $150B-$160B, including expectations for 2021 WFE to be north of $70B. The next wave of demand is just beginning and is expected to be less cyclical as it will be driven by secular trends management believes are permanent, such as artificial intelligence and big data, adds the analyst.
Applied Materials price target raised to $153 from $130 at Needham » 08:2304/0704/07/21
Needham analyst Quinn…
Needham analyst Quinn Bolton raised the firm's price target on Applied Materials to $153 from $130 and keeps a Buy rating on the shares after the company's analyst day presentation, with the new financial model that calling for WFE of $85B and EPS of $8.50 by FY24 . Bolton states that while the conservative WFE industry outlook and share gain expectations underlying the FY24 target model may have caused investors to "sell the news", he sees Applied Materials' confidence in a much less volatile and a more steadily growing WFE industry warranting his expectations for a continued re-rating of the stock.