作者丨 The Value Investor 编译 | 华尔街大事件 应用材料公司 ( NASDAQ: AMAT ) 股价大幅回落，尽管资产 负债表 强劲，但股价已较去年高点 下跌近一半 。由于 应用材料的大部分业务与亚洲地区相关，其股价受到关税谈判的重创。 虽然这给业务带来了真正的不确定性风险，但回调幅度非常大，坦率地说，已经消化了不少坏消 息。尽管形势高度不确定，竞争激烈，关税风险也非常现实，但分析师愿意在目前的水平上逐步 尝试。良好的长期业绩记录、保守的财务状况和合理的资本配置策略都为分析师提供了支持。 应用材料公司致力于将硅片引入硅谷，并进一步将公司描述为用于生产新型芯片和先进显示器的 材料工程解决方案领域的领导者。其供应的设备、服务和软件被半导体制造商所使用，而半导体 制造商又将这些设备用于广泛的产品应用，例如电子产品、计算机、电话等。 应用材料公司成立于1967年，如今已发展成为一家营收达270亿美元的公司，其增长主要得益于 每年超过30亿美元的研发投入。过去十年，应用材料公司的销售额增长了两倍，从2014年的90亿 美元增长到2024年的270亿美元，增长尤为显著。 更令人印象深刻的是，该公司在 ...

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 写在前面 （文末有惊喜） 一直在路上，所以停下脚步，只在于分享 包括： 新 材料/ 半导体 / 新能源/光伏/显示材料 等 正文 1.2半导体产业链全景 EDA浸汁軟件 IP级数 IC设计 IC制造 IC分别 IG设计 10制造 台湾台积电 台湾日月光 高道 CallP抛允村料 | 电子特种气体 吐晶圆 免刺腹 日本信越 拼光é: 空气化工 日本JSR 英伟达 美国格罗方穆 美国安堂 日本隆高 陶氏化学 答复免斯 信越化学 服务科 台湾联集电子 江苏长电科技 ICAH 88 韩国三星 矽品科技 超成 环球品圆 Cabot 林绝集团 日本TON 賽是巴 上海中芯国际 台湾力成科技 终国世创 Thomas West 液化空气 陶氏化学 富士ਲ 美满电子 台湾力品科技 甘肃天水华天 LG Siltrar 日本大阳日 苏州瑞立 法国Soited 日 末,ISB 酸株式会社 老京科华 胜球科技 Tower Jazz 江苏daia 瑞 是半导体 宙機电子 台湾Vanguard 下游:应用的 台灣合品 她光波: 中岳变工 新恩半 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自半导体行业观察综合，谢谢。 玻璃基板被认为是先进芯片封装的技术革新者。由于其超低凹凸度、更好的热稳定性和机械稳定性 等独特性能，玻璃基板比现有的树脂基板更耐用、更稳定，从而保证了头部中更高的互连密度。这 些优势使得高密度、高性能芯片封装可用于AI和数据中心等数据密集型工作负载。 此前，英特尔公司承诺到2028年投资1.3万亿韩元（9.431亿美元）实现玻璃大规模商业化。现 在，越来越多的巨头参与其中。 三星电子此举被解读为进军半导体玻璃基板市场、抢占先机的举措。随着人工智能（AI）的普 及，需要新的基材来替代现有的塑料材料，而玻璃被认为是最佳选择。三星电子准备于第二季度在 其世宗工厂启动玻璃基板试生产线。量产目标为2027年以后。不仅与三星电子半导体的协同效 应，与Nvidia、英特尔、高通等AI大型科技公司的合作也值得关注。 该研究实验室负责人表示："由于高性能计算（HPC）和人工智能（AI）的发展，半导体芯片之间 来回传输的数据量正在呈爆炸式增长。" "玻璃基板的优势在于可以在基板上绘制微电路并降低功 耗。" 他补充说，玻璃基板比传统基板的翘曲（翘曲 ...

Purchased 9 percent of outstanding shares to build upon four years of successful collaboration on hybrid bonding technology for advanced packagingSANTA CLARA, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced it has purchased 9 percent of the outstanding shares of the common stock of BE Semiconductor Industries N.V. (Besi), a leading manufacturer of assembly equipment for the semiconductor industry. Applied and Besi have been successfully collaborating since 2020, and recent ...

Key Takeaways Investors can see insider buys as an overall net positive concerning the longer-term outlook. Recently, CEOs of GME, AMAT, and MSTR have bought shares. Investors closely monitor insider buys, as they can give hints surrounding the long-term picture.But it’s critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions.Recently, CEOs of several companies – GameStop (GME) , MicroStrategy (MSTR) , and Applied Materials (AMAT) – have made ...

Applied Materials (AMAT) shares soared 4.7% in the last trading session to close at $132.85. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18.5% loss over the past four weeks.The upswing was likely due to the perception that semiconductor companies with strong fundamentals and pricing power will perform well in the current market climate, potentially benefiting from exemptions from tariffs on semiconductors.This maker of chipma ...

Core Viewpoint - Applied Materials, Inc. (AMAT) is experiencing short-term challenges but has strong long-term growth potential driven by its technological leadership and attractive valuation [2][16]. Group 1: Short-Term Challenges - AMAT's stock has declined 7.3% year to date due to weaker-than-expected guidance and broader market headwinds [1][4]. - The company projected second-quarter revenues of $7.1 billion (± $400 million), slightly below the Zacks Consensus Estimate of $7.13 billion, leading to an 8.2% drop in stock price in a single session [4]. - U.S. export restrictions on semiconductor equipment sales to China are expected to reduce fiscal 2025 revenues by $400 million, with half of this decline impacting the second quarter [5]. - The slowdown in the IoT, Communications, Automotive, Power, and Sensors (ICAPS) segment, which had been a key growth driver, raises concerns about AMAT's overall performance [6]. Group 2: Long-Term Growth Catalysts - AMAT's leadership in AI-driven semiconductor technology positions it well for future growth, with AI chip demand fueling new investments [7]. - Revenues from advanced semiconductor nodes surpassed $2.5 billion in fiscal 2024, with expectations to double in fiscal 2025 due to growing customer adoption of GAA and backside power delivery solutions [8]. - The advanced packaging segment is becoming a significant revenue driver, with Integrated Hybrid Bonding technology attracting volume orders from leading-edge customers [9]. Group 3: Financial Resilience and Valuation - AMAT has consistently delivered better-than-expected earnings, beating the Zacks Consensus Estimate for four consecutive quarters with an average surprise of 5.6% [10]. - Analysts expect revenues and EPS to grow in the mid-single digits for fiscal 2025 and 2026, indicating the company's resilience [11]. - The stock trades at a 12-month forward P/E ratio of 15.77, significantly below the industry average of 24.44, suggesting strong upside potential [12][15].

Group 1 - The account is managed by Noah's Arc Capital Management, focusing on 20th-century stocks undergoing transformation in the 21st century [1] - The research aims to identify innovations in business models that could lead to significant stock changes [1] Group 2 - The managing partner of Noah's Arc Capital Management is Noah Cox, whose views may not reflect the firm's overall stance [3] - The article is intended solely for informational purposes and does not constitute investment advice [3]

Core Viewpoint - Applied Materials (NASDAQ: AMAT) has reached a 52-week low of $145.37, presenting a buying opportunity for shareholders [1] Group 1: Company Overview - Applied Materials is viewed as heavily undervalued with significant upside potential, attracting value dividend investors [1] - The company is recognized for its long-term growth and dividend potential, appealing to investors looking to live off dividends in the future [1] Group 2: Investment Perspective - The current share price allows for the accumulation of more shares at a lower cost, which is favorable for long-term investment strategies [1] - The article expresses a strong bullish sentiment towards AMAT, indicating a strong buy recommendation based on its current valuation [1]

Group 1: Share Buyback Programs - Several major firms have announced significant new share buyback programs as Q1 2025 concludes, with three stocks having buyback capacity of 8% or more of their market capitalizations [1] - Applied Materials has authorized a $10 billion share buyback program, bringing its total buyback capacity to $17.6 billion, which is nearly 14% of its $126 billion market capitalization [1] - Churchill Downs has approved a $500 million share repurchase program, resulting in a total buyback capacity of $626 million, approximately 8% of its $8 billion market capitalization [6] - DICK'S Sporting Goods announced a $3 billion share buyback program, giving it a total buyback capacity of approximately $3.51 billion, equal to 22% of its nearly $16 billion market capitalization [11][12] Group 2: Dividend Increases - Applied Materials announced a significant dividend increase of 15%, raising the payment to $0.46 per share, with a yield of 1.2% [4] - DICK'S Sporting Goods also raised its dividend by 10%, planning to pay a total of $4.85 over the next four quarters, resulting in a dividend yield of 2.5% [14] Group 3: Financial Performance and Metrics - Applied Materials has repurchased $4.4 billion worth of shares over the last four quarters, but the timing of these purchases was not optimal as the current share price is 19% lower than the average repurchase price of $192 [2][3] - Churchill Downs has repurchased $216 million worth of shares in the last 12 months, which is moderately above its average repurchase pace of $187 million over the past decade [7] - DICK'S Sporting Goods spent $268 million on share buybacks in fiscal 2024, below its average annual buyback pace of $430 million over the past 10 years, with the current share price being 8% lower than the average price paid for shares [13]