Applied Materials (AMAT) is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. Applied’s leading market position, strength in China, improving trends across all served end markets, innovative R&D capabilities, management execution and solid financials makes us optimistic about the stock.

Although the solar business remains a drag on results, the situation may turn around in 2010.  The nature of the company’s business necessitates a huge cost structure and customer concentration, which should not be a problem in the current market environment.

Consequently, we are initiating coverage of AMAT shares with an Outperform rating.

Zacks Investment Research

1. (AMAT) Applied Materials Closes Semitool AcquisitionApplied Materials’ (AMAT) all-cash acquisition of Semitool Inc. has closed. Around 94% of Semitool shares...
2. (WFR) MEMC Electronic Materials – Bull of the DayMEMC Electronic Materials, Inc. (WFR) produces the raw material wafers used by semiconductor manufacturers in...
3. (AMAT) Applied Materials Beats on Revenues and MarginsApplied Materials’ (AMAT) fourth quarter earnings beat the Zacks Consensus Estimate by 12 cents. Revenue...
4. (AMAT) Applied Materials Beats – very strong balance sheet with a very small amount of long term debtApplied Materials Leaves Worst Behind Applied Materials‘ (AMAT) fiscal third quarter EPS beat the Zacks...
5. (APSG) Applied Signal Technology, Inc. – Momentum – Zacks Rank BuyApplied Signal Technology, Inc. (APSG) is rallying in response to the company’s excellent first-quarter results....
6. (TSL) Sun Still Shines on Trina SolarIn the news this morning, Trina Solar (NYSE: TSL) announced that fourth quarter revenues would...

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