- Official Post
One can take as many notes as they want but without action on the notes... They're nothing more than scribbles on paper. Applied Materials, Inc is one of those scribbles on my wall and the price paid for inaction? 2x return since September.
Overview
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.
Applied Materials, Inc Year to date the stock is up 24.5% which is something I'm noticing with semiconductor infrastructure specific stocks. Over the past 5 years it appears the stock is 196% return really starting to provide actual return in 2023.
The beta is 1.67. PE 36.90 @top. EPS 8.67.
As AI infrastructure continues to be built, equipment suppliers like Applied Materials seem well positioned to receive contracts to support infrastructure projects.