|Bid||118.17 x 800|
|Ask||118.18 x 1000|
|Day's range||113.50 - 120.25|
|52-week range||36.64 - 124.50|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||28.27|
|Earnings date||12 May 2021 - 17 May 2021|
|Forward dividend & yield||0.88 (0.74%)|
|Ex-dividend date||24 Feb 2021|
|1y target est||133.75|
The semiconductor market is facing a supply crisis in 2021, and Applied Materials (NASDAQ: AMAT) is all set to make the most of it, as the company's latest quarterly results indicate. The supplier of semiconductor fabrication equipment and services handsomely beat Wall Street's fiscal 2021 first-quarter expectations. This wasn't surprising, as Applied Materials was riding on solid tailwinds going into the quarterly report, the biggest being a global shortage of chips that could trigger increased capital expenditures by chipmakers this year.
Three top names that had especially good fourth-quarter 2020 report cards -- and look like great buys for 2021 -- are Arista Networks (NYSE: ANET), Applied Materials (NASDAQ: AMAT), and Universal Display (NASDAQ: OLED). As management anticipated a few months ago, Arista Networks returned to year-over-year growth mode in grand fashion at the end of 2020. Fourth-quarter revenue and adjusted earnings per share increased 17% and 9%, respectively, from a year ago as the company started to lap results from the data center construction slowdown that started in 2019.
Can you buy this semicap equipment leader even after its recent surge? Step back and take a look at the big picture.