Applied Materials (AMAT) Stock Dropped 4% on Q4 Miss, Weaker Guidance

Applied Materials (AMAT) PT Raised to $190 at Cowen

November 19, 2021 7:52 AM EST

Cowen analyst Krish Sankar raised the price target on Applied Materials (NASDAQ: AMAT) to $190.00 (from $175.00) while maintaining an Outperform rating.

The analyst commented, "Surprisingly soft results and guide below consensus. Nevertheless the demand is not perishable and should help the relative growth... More

Applied Materials (AMAT) PT Raised to $166 at Needham & Company

November 19, 2021 7:15 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $166.00 (from $153.00) while maintaining a Buy rating.

The analyst commented, "AMAT's F4Q21 earnings results came in below consensus on both the top and bottom line. Supply... More

Applied Materials sales forecast misses estimates on supply chain woes

November 18, 2021 4:07 PM EST

By Nivedita Balu and Stephen Nellis

(Reuters) -Applied Materials Inc forecast first-quarter sales and profit below market estimates on Thursday, as chip shortages slowed the supply chain of the world's biggest maker of tools for making chips.

The forecast sent its shares down nearly 6.7% in extended trading.

Applied, which makes machines used to manufacture semiconductors and other high-tech components, expects current-quarter net sales of $6.16 billion, plus or minus $250 million, compared with analysts' estimates of $6.50 billion, according to Refinitiv IBES data.

On a conference call... More

Applied Materials (AMAT) Misses Q4 EPS by 1c, Q1 Guidance Misses

November 18, 2021 4:03 PM EST

Applied Materials (NASDAQ: AMAT) reported Q4 EPS of $1.94, $0.01 worse than the analyst estimate of $1.95. Revenue for the quarter came in at $6.12 billion versus the consensus estimate of $6.34 billion.

GUIDANCE:

Applied Materials sees Q1 2022 EPS of $1.78-$1.92, versus the consensus of $2.01.... More