Applied Materials, Inc. (AMAT) Raises Dividend to $0.20 Per Share

Applied Materials, Inc. (NASDAQ:AMAT) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Thursday, May 24th will be paid a dividend of 0.20 per share by the manufacturing equipment provider on Thursday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.10.

Shares of Applied Materials (AMAT) traded up $2.41 on Wednesday, hitting $51.96. The stock had a trading volume of 21,510,000 shares, compared to its average volume of 13,810,000. Applied Materials has a 12-month low of $34.58 and a 12-month high of $60.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The stock has a market cap of $54,740.00, a price-to-earnings ratio of 16.39, a PEG ratio of 0.97 and a beta of 1.72.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. research analysts forecast that Applied Materials will post 4.04 earnings per share for the current fiscal year.

In other news, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ali Salehpour sold 125,125 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock worth $16,218,746 over the last ninety days. 0.35% of the stock is owned by insiders.

Several research firms recently issued reports on AMAT. Vetr downgraded Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 target price on the stock. in a research report on Tuesday, November 21st. Nomura reissued a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of Applied Materials in a research report on Tuesday, November 21st. Citigroup upped their target price on Applied Materials from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 20th. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, ValuEngine raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $62.56.

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Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

Dividend History for Applied Materials (NASDAQ:AMAT)

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