Applied Materials (AMAT) PT Raised to $35 at Berenberg
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Applied Materials (AMAT): New Guidance Is Still Too Conservative - Nomura
September 22, 2016 7:23 AM EDTNomura Securities analyst, Romit Shah, reiterated his Buy rating on shares of Applied Materials (NASDAQ: AMAT) after the company published a new financial model that showed a path to $2.80 and $3.17 of EPS in 2019 on WFE spending of $34.5b and $37b. The new model... More
Applied Materials (AMAT) Sees FY19 EPS of $2.80 at Midpoint
September 21, 2016 3:25 PM EDTAt its 2016 Analyst Day, Applied Materials, Inc. detailed its innovation leadership strategy to drive sustainable growth and announced target non-GAAP adjusted earnings per share of $2.45 to $3.17 for fiscal 2019, with a midpoint of $2.80. This would represent compound earnings growth of approximately 17 percent over the next three years.
Unveils new financial model targeting non-GAAP EPS of $2.45 to $3.17 for FY2019Expects higher wafer fab equipment (WFE) spending driven by multi-year inflections including 3D NAND,10 and 7 nanometer logic and foundry, materials-based patterning and new factory investments in ChinaOutlines plans to drive 50 percent growth in display business to $1.8 billion by... MoreApplied Materials (AMAT) Shares See Positive Trading Action
September 21, 2016 2:39 PM EDTApplied Materials (Nasdaq: AMAT) shares are seeing positive trading activity as they struggle to find positive territory on Wednesday.
Net money flow is $25.06 million for an uptick-to-downtick ratio at 1.83 times, suggesting stronger buying pressure.
Short interest recently rose 14.5 percent to 12.88 million shares, or 1.2 percent of float.
... More
