JPMorgan Chase & Co. (JPM) Analysts Lower Applied Materials, Inc. (AMAT) EPS Estimates
Tuesday, July 12, 2021 11:11 AM

Equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) lowered their earnings per share estimates on shares of Applied Materials, Inc. (NASDAQ: AMAT) in a research note to investors on Tuesday. The analysts currently have a "neutral" rating and a $12.00 price target on the stock.

Separately, analysts at Stifel Nicolaus reiterated a "buy" rating on shares of Applied Materials, Inc. in a research note to investors on Thursday, July 7th.

Shares of Applied Materials, Inc. traded down 2.16% during mid-day trading on Wednesday, hitting $12.70. Applied Materials, Inc. has a 52 week low of $10.27 and a 52 week high of $16.93. The stock's 50-day moving average is $12.96 and its 200-day moving average is $14.68. The company has a market cap of $16.742 billion and a price-to-earnings ratio of 10.92.

Applied Materials, Inc. last announced its quarterly results on Tuesday, May 24th. The company reported $0.38 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.37 EPS by $0.01. The company’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts predict that Applied Materials, Inc. will post $0.35 EPS next quarter.

Applied Materials, Inc. (Applied) provides Nanomanufacturing Technology solutions for the global semiconductor, flat panel display, solar and related industries, with a portfolio of equipment, service and software products. The Company’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays, solar photovoltaic cells and modules (solar PVs), and other electronic devices. It operates in four segments: Silicon, Applied Global Services, Display, and Energy and Environmental Solutions. Applied’s Silicon Systems Group (SSG) develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The services and products offered by the Applied Global Services segment include Fab Services, Mature Technology Services, Automation Systems and Abatement Systems. In December 2009, Applied Materials, Inc. acquired Semitool, Inc.

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