From: JakeStraw | 1/29/2019 11:12:52 AM | | | | Applied Materials was upgraded by analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating. They now have a $45.00 price target on the stock, up previously from $38.00. |
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To: Alejandroo Green who wrote () | 6/5/2019 4:56:41 PM | From: Sun Tzu | | | Your short term indicators just turned positive. So as a trade it may make you some money. But based on the chart alone, I wouldn't build a position yet. I would wait either to see a stronger indication of uptrend or see it testing ~37.5 and bouncing up. |
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To: Sun Tzu who wrote (25517) | 2/13/2020 5:11:14 PM | From: Kirk © | | | I remember when AMAT was a highly followed stock... this board is dead now.
I guess I'll significantly reduce one of my largest positions AFTER this board gains traction again!
APPLIED MATERIALS ANNOUNCES FIRST QUARTER 2020 RESULTS
- Quarterly revenue of $4.16 billion, up 11 percent year over year
- GAAP EPS of $0.96 and non-GAAP EPS of $0.98, up 20 percent and 21 percent year over year, respectively
- Returned $392 million to shareholders
SANTA CLARA, Calif., Feb. 12, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. ( AMAT) today reported results for its first quarter ended Jan. 26, 2020.
First Quarter Results
Applied generated revenue of $4.16 billion. On a GAAP basis, the company recorded gross margin of 44.6 percent, operating income of $1.04 billion or 25.0 percent of net sales, and earnings per share (EPS) of $0.96.
On a non-GAAP adjusted basis, the company reported gross margin of 44.9 percent, operating income of $1.07 billion or 25.7 percent of net sales, and EPS of $0.98.
The company returned $392 million to shareholders including $200 million in share repurchases and dividends of $192 million.
“Applied Materials’ first quarter earnings exceeded the top-end of our guidance, giving us great momentum entering 2020,” said Gary Dickerson, president and CEO. “We believe we can deliver strong double-digit growth in our semiconductor business this year as our unique solutions accelerate our customers’ success in the AI-Big Data era.”
Quarterly Results Summary
| Q1 FY2020 | | Q1 FY2019 | | Change | | (In millions, except per share amounts and percentages) | Net sales | $ | 4,162 | | | $ | 3,753 | | | 11 | % | Gross margin | 44.6 | % | | 44.4 | % | | 0.2 points | Operating margin | 25.0 | % | | 24.2 | % | | 0.8 points | Net income | $ | 892 | | | $ | 771 | | | 16 | % | Diluted earnings per share | $ | 0.96 | | | $ | 0.80 | | | 20 | % | Non-GAAP Adjusted Results | | | | | | Non-GAAP adjusted gross margin | 44.9 | % | | 44.6 | % | | 0.3 points | Non-GAAP adjusted operating margin | 25.7 | % | | 24.6 | % | | 1.1 points | Non-GAAP adjusted net income | $ | 904 | | | $ | 779 | | | 16 | % | Non-GAAP adjusted diluted EPS | $ | 0.98 | | | $ | 0.81 | | | 21 | % |
A reconciliation of the GAAP and non-GAAP adjusted results is provided in the financial tables included in this release. See also “Use of Non-GAAP Adjusted Financial Measures” section.
Business Outlook
In the second quarter of fiscal 2020, Applied expects net sales to be approximately $4.34 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $0.98 to $1.10.
This outlook for non-GAAP adjusted diluted EPS excludes known charges related to completed acquisitions of $0.01 per share, includes the normalized tax benefit of share-based compensation of $0.01 per share and net income tax benefit related to intra-entity intangible asset transfers of $0.03 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.
First Quarter Reportable Segment Information
Semiconductor Systems | Q1 FY2020 | | Q1 FY2019 | | (In millions, except percentages) | Net sales | $ | 2,814 | | | $ | 2,268 | | Foundry, logic and other | 68 | % | | 44 | % | DRAM | 15 | % | | 21 | % | Flash | 17 | % | | 35 | % | Operating income | 915 | | | 631 | | Operating margin | 32.5 | % | | 27.8 | % | Non-GAAP Adjusted Results | | | Non-GAAP adjusted operating income | $ | 925 | | | $ | 642 | | Non-GAAP adjusted operating margin | 32.9 | % | | 28.3 | % |
Applied Global Services | Q1 FY2020 | | Q1 FY2019 | | (In millions, except percentages) | Net sales | $ | 997 | | | $ | 962 | | Operating income | 278 | | | 285 | | Operating margin | 27.9 | % | | 29.6 | % | Non-GAAP Adjusted Results | | | Non-GAAP adjusted operating income | $ | 278 | | | $ | 285 | | Non-GAAP adjusted operating margin | 27.9 | % | | 29.6 | % |
Display and Adjacent Markets | Q1 FY2020 | | Q1 FY2019 | | (In millions, except percentages) | Net sales | $ | 332 | | | $ | 507 | | Operating income | 38 | | | 115 | | Operating margin | 11.4 | % | | 22.7 | % | Non-GAAP Adjusted Results | | | Non-GAAP adjusted operating income | $ | 41 | | | $ | 118 | | Non-GAAP adjusted operating margin | 12.3 | % | | 23.3 | % |
Use of Non-GAAP Adjusted Financial Measures
Applied provides investors with certain non-GAAP adjusted financial measures, which are adjusted for the impact of certain costs, expenses, gains and losses, including certain items related to mergers and acquisitions; restructuring charges and any associated adjustments; impairments of assets, or investments; gain or loss on sale of strategic investments; tax effect of share-based compensation; certain income tax items and other discrete adjustments. Additionally, non-GAAP results exclude estimated discrete income tax expense items associated with changes to U.S. tax legislation. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.
Management uses these non-GAAP adjusted financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of this period’s results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied's ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.
Webcast Information
Applied Materials will discuss these results during an earnings call that begins at 1:30 p.m. Pacific Time today. A live webcast will be available at www.appliedmaterials.com. A replay will be available on the website beginning at 5:00 p.m. Pacific Time today |
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To: Kirk © who wrote (25518) | 2/28/2020 8:51:42 AM | From: Sun Tzu | | | One of my favorite market indicators nose dived last Friday. And sure enough this week proved it right. I think the broader market outlook now is similar to late '98 - a bull market that has gone up too high too fast for too long, but is not quite over yet. So we are going to see some turmoil. This is unless real economy starts to falter, which is quite possible, considering that 3 out of 4 major economies are on the brink of a recession. |
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To: Sun Tzu who wrote (25519) | 3/3/2020 2:38:47 PM | From: Sun Tzu | | | What's up with the market?
Here's a look at the market internals and one of my favorite indicators.
This is what that chart tell me, Around late August, you could get back in the market until later September. But the real entry point was around October 1- and you should have stayed there till mid January. Since mid January, it has been flashing warning signs. Then on the 18th, it flashed deep red. As you can see, we are nowhere near recovery.
PS If you want to understand what those indicators mean, head over to school.stockcharts.com stockcharts and read about them. Everything is listed on this picture, so you don't need to ask me.
As always, your reading of tea leaves may be different than mine. |
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From: 60HzEE | 3/11/2021 2:10:51 PM | | | | Dividend Increase 3/12? The Board meets the second Friday of March and decides. My guess is an increase to at least 27 cents, if not higher. Much higher, due to the blowout earnings and looking forward to fill the equipment demand. |
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To: 60HzEE who wrote (25521) | 3/12/2021 11:09:30 AM | From: 60HzEE | | | So much for sharing the good fortune. A TWO CENT increase to 24 cents!!! I guess too many stock gifts to insiders, so they decided not to share the good fortune with shareholders. |
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