Applied Materials, Inc. (AMAT) Announces $0.10 Quarterly Dividend
Applied Materials, Inc. (NASDAQ:AMAT) announced a quarterly dividend on Thursday, September 7th, RTT News reports. Investors of record on Friday, November 24th will be paid a dividend of 0.10 per share by the manufacturing equipment provider on Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 0.88%.
Applied Materials (AMAT) traded up 1.10% during trading on Thursday, hitting $45.22. The company’s stock had a trading volume of 8,288,536 shares. The firm has a 50 day moving average of $44.50 and a 200 day moving average of $42.18. Applied Materials has a 12 month low of $27.56 and a 12 month high of $47.86. The firm has a market cap of $48.23 billion, a P/E ratio of 16.08 and a beta of 1.81. Applied Materials also was the recipient of unusually large options trading on Wednesday. Traders acquired 2,307 call options on the stock. This represents an increase of approximately 118% compared to the typical volume of 1,060 call options.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. Equities research analysts predict that Applied Materials will post $3.20 earnings per share for the current year.
In related news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.
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AMAT has been the subject of a number of research reports. Deutsche Bank AG reiterated a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Bank of America Corporation reiterated a “buy” rating and set a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Stifel Nicolaus upped their price objective on Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Sunday, May 21st. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $40.00 price objective (up previously from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Vetr upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price objective for the company in a research report on Thursday, June 29th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.44.
Applied Materials Company Profile
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