Applied Materials: WFE Spending Cuts Priced In, Time To Buy [Seeking Alpha]
Applied Materials, Inc. (AMAT)
Last applied materials, inc. earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
appliedmaterials.com/company/investor-relations
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Source: Seeking Alpha
Seeking Alpha - Go to HomepageApplied Materials: WFE Spending Cuts Priced In, Time To BuyNov. 22, 2022 5:38 AM ETApplied Materials, Inc. (AMAT)AGSINTCLRCXMUTSMTech Stock Pros5.31K Follower sSummarySundry PhotographyWeâ??re bullish on Applied Materials (NASDAQ:4Q22 earningsweaker consumer appetite causing over-supply in inventories and now trickling into WFE spending cuts in the semi-space. Our bullish sentiment on AMAT is based on our belief that WFE spending cuts are now priced into the stock providing AMAT with an attractive risk-reward profile.The stock price does remain volatile in the near term, but we believe the current valuation provides an attractive entry point into a major semi-cap player. AMAT stock is trading at 15.6x C2023 on a P/E basis compared to the peer group average at 19.0x. With the WFE CAPEX cuts priced into the stock, we believe the company is better positioned to grow in 2023 and recommend investors buy the stock.WFE s
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AMAT
News
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- Applied Materials: Domination In Technology Inflections (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Applied Materials (NASDAQ:AMAT) Is Increasing Its Dividend To $0.40 [Yahoo! Finance]Yahoo! Finance
AMAT
Earnings
- 2/15/24 - Beat
AMAT
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/11/24 - Form 4
- AMAT's page on the SEC website