AlbertPegoMKS Instruments (NASDAQ:MKSI) is a major supplier of components and subsystems to major semiconductor equipment companies Lam Research (LRCX) and Applied Materials (AMAT), and about one-third of its revenues come from these two companies. MKSI was in the spotlight on Wednesday July 10, as Bank of America started coverage on the semiconductor equipment company with a Buy rating. In this article, I analyze MKSI as well as two other companies in the supply chain – Ichor Holdings (ICHR) and Ultra ...

The latest trading session saw Applied Materials (AMAT) ending at $254.97, denoting a +1.39% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 1.09%, while the tech-heavy Nasdaq appreciated by 1.18%.The maker of chipmaking equipment's stock has climbed by 9.35% in the past month, exceeding the Computer and Technology sector's gain of 8.46% and the S&P 500's gain of 4.44%.Analysts and investors alike will be keeping ...

Industry's first use of ruthenium in high-volume production enables copper chip wiring to be scaled to the 2nm node and beyond and reduces resistance by as much as 25%New enhanced low-k dielectric material reduces chip capacitance and strengthens logic and DRAM chips for 3D stacking SANTA CLARA, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today introduced materials engineering innovations designed to increase the performance-per-watt of computer systems by enabling copper wiring to sca ...

Industry’s first use of ruthenium in high-volume production enables copper chip wiring to be scaled to the 2nm node and beyond and reduces resistance by as much as 25%New enhanced low-k dielectric material reduces chip capacitance and strengthens logic and DRAM chips for 3D stacking SANTA CLARA, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today introduced materials engineering innovations designed to increase the performance-per-watt of computer systems by enabling copper wiring to sca ...

Nanotech stocks are among the hottest plays in the market right now, thanks to analysts predicting astronomical growth for the market. For example, Fortune Business Insights forecasted the market would grow to $91.18 billion in 2024 and reach $332.73 billion by 2032.The CHIPS Act and other legislative moves by the U.S. are further bolstering the appeal of investing in nanotech stocks, committing $52.7 billion in semiconductors, including $39 billion in manufacturing incentives and $13.2 billion in R&D and w ...

While it’s easy to get locked into semiconductor stocks to buy thanks to the mercurial rise of Nvidia (NASDAQ:NVDA), there’s more to the sector than just one enterprise focused on artificial intelligence. Fundamentally, the chip-manufacturing ecosystem is enticing because it represents the building blocks of innovation.With progress always pointing in one direction – forward – investors ought to concentrate the growth portion side of their portfolio on semiconductor stocks to buy. Basically, the canvas prov ...

• Company's latest Sustainability Report outlines efforts to reduce the semiconductor industry's carbon emissions SANTA CLARA, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. has published its latest Sustainability Report, detailing the company's progress over the past year in reducing its carbon emissions and collaborating with customers and partners to drive a more sustainable semiconductor industry. "As technology transforms our world at an unprecedented pace, the semiconductor industry ...

• Company’s latest Sustainability Report outlines efforts to reduce the semiconductor industry’s carbon emissions SANTA CLARA, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. has published its latest Sustainability Report, detailing the company’s progress over the past year in reducing its carbon emissions and collaborating with customers and partners to drive a more sustainable semiconductor industry. “As technology transforms our world at an unprecedented pace, the semiconductor industry ...

Investment Rating - The report maintains an "Overweight" rating for Applied Materials (AMAT) [1][4] Core Views - AI-driven downstream demand expansion is expected to drive growth, with GAA node revenue potentially doubling by 2025 [1] - The company's semiconductor equipment business remains strong, with ion implantation equipment sales reaching a record high [2] - The company is well-positioned to benefit from technological advancements in AI, IoT, EVs, and renewable energy, which are driving demand for more efficient and high-performance chips [2] - The company's global EPIC platform is expected to support next-generation technology innovation and commercialization [2] - The company's integrated solutions have grown from 20% of revenue in 2019 to 30% currently, with further growth expected in ICAPS-related applications [2] - The company is a leader in advanced logic and interconnect technologies, with a significant market share in GAA nodes and HBM stacking technologies [4] - The company expects GAA node revenue to exceed $2.5 billion in 2024 and potentially double by 2025 [4] - HBM packaging revenue is expected to be six times higher in 2024 compared to 2023, exceeding $600 million [4] - Advanced packaging product revenue is expected to grow to approximately $1.7 billion in 2024, with potential for further doubling [4] Financial Performance - FY24H1 revenue was $13.353 billion, down 0.12% YoY, while net income attributable to shareholders was $3.741 billion, up 13.64% YoY [1] - FY24Q2 revenue was $6.646 billion, up 0.24% YoY but down 0.91% QoQ, with net income attributable to shareholders at $1.722 billion, up 9.33% YoY but down 14.71% QoQ [1] - Semiconductor equipment revenue in FY24Q2 was $4.901 billion, down 2% YoY, accounting for 73.7% of total revenue [2] - AGS revenue in FY24Q2 was $1.530 billion, up 7% YoY, accounting for 23.0% of total revenue [2] - Display and related markets revenue in FY24Q2 was $179 million, up 7% YoY, accounting for 2.7% of total revenue [2] - Gross margin in FY24Q2 was 47.4%, up 0.7 percentage points YoY [2] - R&D expenses in FY24Q2 were 11.81% of revenue, up 0.12 percentage points YoY [2] - The company forecasts 2024-2026 net income attributable to shareholders of $6.923 billion, $7.872 billion, and $8.583 billion, respectively, with EPS of $8.36, $9.51, and $10.37 [4] Market Position and Growth Drivers - The company is a leader in transistor and interconnect material engineering, with a significant market share in GAA nodes and HBM stacking technologies [4] - The company expects to capture over 50% of the wafer fabrication equipment market as FinFET transitions to GAA [4] - The company anticipates a $1 billion increase in market share when backside power delivery goes into mass production [4] - The company's advanced packaging product portfolio is expected to grow significantly, driven by the widespread adoption of heterogeneous integration beyond AI data centers [4] Valuation and Projections - The company's 2024-2026 revenue is projected to be $26.815 billion, $29.455 billion, and $32.128 billion, respectively [1] - The company's 2024-2026 EPS is projected to be $8.36, $9.51, and $10.37, respectively [4] - The company's 2024-2026 P/E ratios are projected to be 28X, 25X, and 23X, respectively [4]

Sundry Photography Investment Thesis I believe Applied Materials (NASDAQ:AMAT) has demonstrated strong revenue and EPS growth and this is set to continue. Over the last 10 years, Applied Materials has seen strong revenue growth. In 2014, revenue totaled $7.51 billion; 2024 revenue is equal to $26.52 billion, a 353% increase. Looking forward, consensus revenue estimates have shown this compounding continuing, with revenue projected to increase from $26.94 billion in fiscal 2024 to $37.36 billion in fisca ...