Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Applied Materials    AMAT

APPLIED MATERIALS (AMAT)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 06/20 05:26:08 pm
48.32 USD   -0.47%
06/13APPLIED MATERIA : Enabling the AI Era with New Materials
PU
06/12APPLIED MATERIA : There is still some upside potential
06/11NASDAQ 100 MOVE : Amat, meli
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Chip stocks tumble as top performer Nvidia set to report results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 07:47pm CEST
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei

SAN FRANCISCO (Reuters) - Shares of chipmakers slumped on Thursday ahead of a quarterly earnings report from Nvidia Corp (>> NVIDIA Corporation), the star performer of the high-flying sector over the past year.

SAN FRANCISCO (Reuters) - Shares of chipmakers slumped on Thursday ahead of a quarterly earnings report from Nvidia Corp (>> NVIDIA Corporation), the star performer of the high-flying sector over the past year.

The Philadelphia Semiconductor index <.SOX> dropped 2.96 percent and was on track for its steepest one-day decline since June, with all 29 of its components in negative territory.

The broader stock market also fell, with the benchmark S&P 500 <.SPX> down 1 percent amid investor concerns that Republican lawmakers may not be able to pull off promised cuts to corporate taxes.

Semiconductor companies have spearheaded the rally in technology stocks this year. With the chip index up more than 40 percent in 2017 and the year-end in sight, many portfolio managers are reluctant to give up gains.

"There's really no reason to be overly hitting the panic button like this," said Wedbush trader Joel Kulina. "But a lot of people had a terrible 2016, so investors have a mind frame that they've got to preserve their very healthy year-to-date gains."

Citi on Thursday said in a report it remained positive on the sector, with top picks including Texas Instruments (>> Texas Instruments) and Applied Materials (>> Applied Materials).

But Citi analyst Christopher Danely also cautioned investors to be vigilant amid warning signs, including potential declines in order lead times or demand from semiconductor customers.

Graphics chip specialist Nvidia (>> NVIDIA Corporation), a Wall Street favorite in recent years, fell 3.50 percent ahead of its quarterly report after the bell, while rival Advanced Micro Devices (>> Advanced Micro Devices, Inc.) dropped 5.03 percent.

Investors sold both of those stocks after Intel (>> Intel Corporation) on Wednesday said it hired Raja Koduri, a chief architect from AMD's graphics team, in a push to expand its own offering of graphics chips.

Analysts, on average, expect Nvidia to post an 18-percent increase in revenue for the quarter through October as it expands further into data centers demand for its chips from cryptocurrency miners.

Nvidia's stock has nearly tripled over the past 12 months, making it the top performer in the semiconductor index and the S&P 500.

Nvidia options activity implied traders expect a 7.7-percent swing in either direction for the stock by Friday, according to Trade Alert data. Options trading sentiment was leaning slightly toward defensive bets on the stock.

Broadcom (>> Broadcom Limited), which on Monday made an unsolicited $103 billion bid for Qualcomm Inc (>> Qualcomm), fell 3.1 percent. Qualcomm was down 1.63 percent.

(This version of story has been refiled to fix typo in word "from" in lead paragraph)

(Additional reporting by Saqib Ahmed; Editing by Bernadette Baum)

By Noel Randewich

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES -0.27% 16.67 Delayed Quote.66.44%
DJ INDUSTRIAL -0.16% 24661.97 Delayed Quote.-0.08%
INTEL CORPORATION 0.78% 53.3443 Delayed Quote.15.29%
NASDAQ 100 0.70% 7279.3428 Delayed Quote.13.43%
NASDAQ COMP. 0.67% 7778.063 Delayed Quote.12.21%
NVIDIA CORPORATION 1.06% 262.98 Delayed Quote.37.00%
QUALCOMM -0.55% 58.4 Delayed Quote.-7.53%
S&P 500 -0.41% 2762.57 Real-time Quote.3.96%
TEXAS INSTRUMENTS 0.77% 114.56 Delayed Quote.8.83%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLIED MATERIALS
06/14APPLIED MATERIALS : Researchers from Tel Aviv University Detail Findings in Appl..
AQ
06/14APPLIED MATERIALS : Free Research Report as Applied Materials’ Revenues Grew 28...
AC
06/13APPLIED MATERIALS : Enabling the AI Era with New Materials
PU
06/12APPLIED MATERIALS : Free Technical Research on Applied Materials and Three More ..
AC
06/11APPLIED MATERIALS : ACS Applied Materials & Interfaces Journal Issues 89 Researc..
AQ
06/11NASDAQ 100 MOVERS : Amat, meli
AQ
06/08APPLIED MATERIALS : Announces Cash Dividend
AQ
06/07Applied Materials Announces Cash Dividend
GL
06/07NASDAQ 100 MOVERS : Lrcx, swks
AQ
06/07APPLIED MATERIALS : Breakthrough Accelerates Chip Performance in the Big Data an..
AQ
More news
News from SeekingAlpha
06/19A Bull In A China Shop 
06/18Semi equipment stocks move on Stifel memory push-out note 
06/15Advanced Energy Industries Closer To The Edge 
06/13ASML upgraded at RBC; AMAT and Lam cut 
06/13Buy Alibaba - Cramer's Lightning Round (6/12/18) 
STOCK PICK
A Record Year
Financials ($)
Sales 2018 17 698 M
EBIT 2018 5 213 M
Net income 2018 3 547 M
Finance 2018 642 M
Yield 2018 1,24%
P/E ratio 2018 13,95
P/E ratio 2019 10,87
EV / Sales 2018 2,72x
EV / Sales 2019 2,61x
Capitalization 48 709 M
Chart APPLIED MATERIALS
Duration : Period :
Applied Materials Technical Analysis Chart | AMAT | US0382221051 | 4-Traders
Technical analysis trends APPLIED MATERIALS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 67,3 $
Spread / Average Target 39%
EPS Revisions
Managers
NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Daniel J. Durn Chief Financial Officer & Senior Vice President
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
Jay O. Kerley Chief Information Officer & Group Vice President
Sector and Competitors
1st jan.Capitalization (M$)
APPLIED MATERIALS-5.48%48 709
DISCO CORPORATION-27.54%6 158
ASM INTERNATIONAL-6.12%3 771
NAURA TECHNOLOGY GROUP CO LTD--.--%3 360
BE SEMICONDUCTOR INDUSTRIES-19.84%2 686
JAPAN MATERIAL CO LTD-56.15%1 740