According to FUNDER website data,
17 mutual funds hold an application of Applied Materials in the amount of NIS 18.64 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in the application of Applied Materials, according to FUNDER-MVF data.
Applied Materials has released its results for the first quarter of 2021
A record quarterly revenue from Applied Materials with a 24% year-over-year revenue increase
The company’s activity in Israel is expected to grow by more than 25% this year, following a growth of 45% in 2020
• The quarterly earnings per share under GAAP amounted to $ 1.22 and to a high of $ 1.39 not under GAAP, an increase of 27% and 42% year-on-year, respectively
Applied Materials (NASDAQ: AMAT) released results for the quarter ended January 31, 2021:
Applied’s revenues totaled $ 5.16 billion. Calculated according to GAAP, the company recorded a record gross profit margin of 45.5%, operating profit of $ 1.28 billion or 24.9% of net sales, and earnings per share of $ 1.22.
In non-GAAP calculation, the company reported a gross profit margin of 45.9%, operating profit of $ 1.50 billion or 29.0% of net sales, and earnings per share of $ 1.39.
Cash flow from operations was $ 1.42 billion and it distributed $ 201 million in dividends to shareholders.
“In the first quarter of the fiscal year we witnessed an acceleration in demand in our semiconductor business as a result of significant macro trends and industry trends that stimulated increased consumption of silicon chips in a wide range of markets and applications,” Said Gary Dickerson, president and CEO of Applied Materials. “All of the company’s businesses are enjoying a strong momentum as our broad product line, and the company’s exposure to industry turning points, combined with the adoption of our new products, put us in a great position to surpass the growth rate of the markets in which we operate in 2021 and beyond.”
Business forecast
In the second quarter of fiscal year 2021, Applied expects net sales of approximately $ 5.39 billion, plus or minus $ 200 million. Diluted earnings per share are expected to range from $ 1.44 to $ 1.56.
Applied Israel Towards Continued Strong Growth in 2021 – Recruits more than 100 employees
Regarding the field of production diagnostics (Process Diagnostics and Control) in which the company specializes in Israel, a critical process in the development and production of chips, which are at the heart of every technological product and every innovative development, Dickerson noted: “We believe we can grow more than 25% The 45% we achieved in 2020, thanks to optical testing products and eBeam that are still in the early stages of adoption. “
Applied Materials Israel, Managed by Ofer Greenberger, Employs about 1,700 employees. The company has recruited about 115 employees in the past year and it continues to recruit at an accelerated pace with over 100 open positions, mainly in the fields of software, algorithms, engineering, product integration and more.
Applied’s operations in Israel are conducted as an independent business division and include all activities related to the company’s advanced inspection and control systems, planning and development through production, marketing and sales, customer support and more. Today, almost all the chips in the world have gone through the manufacturing process through the Applied Materials machines developed and manufactured here in Israel.
Quarterly Results Summary
|
|
Q1 FY2021 |
|
Q1 FY2020 |
|
Change |
||||
|
|
(In millions, except per share amounts and percentages) |
||||||||
|
Net sales |
$ |
5,162 |
|
|
$ |
4,162 |
|
|
24% |
|
Gross margin |
45.5 |
% |
|
44.6 |
% |
|
0.9 points |
||
|
Operating margin |
24.9 |
% |
|
25.0 |
% |
|
(0.1) points |
||
|
Net income |
$ |
1,130 |
|
|
$ |
892 |
|
|
27% |
|
Diluted earnings per share |
$ |
1.22 |
|
|
$ |
0.96 |
|
|
27% |
|
Non-GAAP Adjusted Results |
|
|
|
|
|
||||
|
Non-GAAP adjusted gross margin |
45.9 |
% |
|
44.9 |
% |
|
1.0 points |
||
|
Non-GAAP adjusted operating margin |
29.0 |
% |
|
25.7 |
% |
|
3.3 points |
||
|
Non-GAAP adjusted net income |
$ |
1,282 |
|
|
$ |
904 |
|
|
42% |
|
Non-GAAP adjusted diluted EPS |
$ |
1.39 |
|
|
$ |
0.98 |
|
|
42% |