Here Is Why We Believe That Applied Materials Is Worth $22

Applied Materials stock price has been on a downhill trajectory since the company called off its Tokyo Electron deal, losing almost 17% of its value in the last two months alone. Key factors behind the weak investor sentiment include: 1) weaker-than-expected growth; 2) unpredictable near-term demand for nanomanufacturing equipment; and, 3) Applied's lumpy Display segment. Despite the short-term weakness, Applied remains a fundamentally strong company, in our view. The company's growing focus on ...