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

Delayed Quote. Delayed  - 11/17 10:00:01 pm
56.49 USD   -2.33%
11/17 APPLIED MATERIA : Big Sunnyvale campus Apple leases is bought for $1..
11/17 APPLIED MATERIA : Posts strong results
11/16 APPLIED MATERIA : beats Street 4Q forecasts
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 CET
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei

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.

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLIED MATERIALS
11/17 APPLIED MATERIALS : Big Sunnyvale campus Apple leases is bought for $100 million
11/17 APPLIED MATERIALS : Posts strong results
11/16 APPLIED MATERIALS : beats Street 4Q forecasts
11/16 APPLIED MATERIALS INC /DE : Results of Operations and Financial Condition (form ..
11/16 Applied Materials Delivers All-Time Record Performance
11/13 APPLIED MATERIALS : ACS Applied Materials & Interfaces Issues 95 Research Articl..
11/13 Applied Materials to Present at Upcoming Investor Conference
11/11 SCHWEIZERISCHE NATIONALBANK : Applied Materials, Inc. (AMAT) Shares Bought by Sw..
11/10 APPLIED MATERIALS : 50 Years Young
11/09 APPLIED MATERIALS : New Findings from Changchun Institute of Applied Chemistry i..
More news
News from SeekingAlpha
06:18a Tracking David Tepper's Appaloosa Management Portfolio - Q3 2017 Update
11/18 The Week That Was In Review - November 16, 2017
11/17 Raising Our Applied Materials Expectations And Targets Again Post-Earnings
11/17 Applied Materials In Danger Of Losing Top Semiconductor Equipment Ranking
11/17 KeyBanc raises its Applied Materials price target
STOCK PICK
A Record Year
Financials ($)
Sales 2018 16 852 M
EBIT 2018 4 907 M
Net income 2018 3 874 M
Finance 2018 3 114 M
Yield 2018 0,73%
P/E ratio 2018 15,04
P/E ratio 2019 13,23
EV / Sales 2018 3,39x
EV / Sales 2019 3,06x
Capitalization 60 246 M
Chart APPLIED MATERIALS
Duration : Period :
Applied Materials Technical Analysis Chart | AMAT | US0382221051 | 4-Traders
Technical analysis trends APPLIED MATERIALS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 67,1 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Daniel 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 MATERIALS75.05%60 246
DISCO CORPORATION94.77%8 822
ASM INTERNATIONAL41.57%4 432
BE SEMICONDUCTOR INDUSTRIES123.32%3 334
NAURA TECHNOLOGY GROUP CO LTD--.--%2 766
TOKYO SEIMITSU CO., LTD.44.59%1 857