UBS Maintains a 'Neutral' on Applied Materials (AMAT); Expect Solid Qtr & Upbeat Outlook
AMAT Hot Sheet
Rating Summary:6 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 7 | New: 26
UBS maintains a 'Neutral' on Applied Materials (NASDAQ: AMAT) price target raised from $11.40 to $13.50.
UBS analyst says, "Silicon orders likely inflect higher in Jan-12 on strength at foundry: We estimate Applied’s Jan-12 sales and EPS were near the high end of guidance at $2.0B and $0.12 and guides Apr-12 to $2.2B and $0.16, with EPS inline with consensus...Silicon orders likely inflect higher in Jan-12 on strength at foundry: We estimate Applied’s Jan-12 sales and EPS were near the high end of guidance at $2.0B and $0.12 and guides Apr-12 to $2.2B and $0.16, with EPS inline with consensus."
"We estimate Applied reports Jan-12 Energy and Environment System sales down -50% q/q and guides EES Apr-12 sales down -30-40% q/q as customers’ factory utilization rates remain low in the 50% range."
For an analyst ratings summary and ratings history on Applied Materials click here. For more ratings news on Applied Materials click here.
Shares of Applied Materials closed at $12.93 yesterday, with a 52 week range of $9.70-$16.93.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
UBS analyst says, "Silicon orders likely inflect higher in Jan-12 on strength at foundry: We estimate Applied’s Jan-12 sales and EPS were near the high end of guidance at $2.0B and $0.12 and guides Apr-12 to $2.2B and $0.16, with EPS inline with consensus...Silicon orders likely inflect higher in Jan-12 on strength at foundry: We estimate Applied’s Jan-12 sales and EPS were near the high end of guidance at $2.0B and $0.12 and guides Apr-12 to $2.2B and $0.16, with EPS inline with consensus."
"We estimate Applied reports Jan-12 Energy and Environment System sales down -50% q/q and guides EES Apr-12 sales down -30-40% q/q as customers’ factory utilization rates remain low in the 50% range."
For an analyst ratings summary and ratings history on Applied Materials click here. For more ratings news on Applied Materials click here.
Shares of Applied Materials closed at $12.93 yesterday, with a 52 week range of $9.70-$16.93.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Canaccord Genuity Reiterates a 'Buy' on InterMune Inc. (ITMN); Reducing Estimates and PT
- Needham & Company Maintains a 'Buy' on Pandora (P); Internet Markets is “Winner-Take-Most”
- UBS Maintains a 'Buy' on Ralph Lauren (RL); Taking A More Conservative Approach
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
