Applied Materials, Inc. (NASDAQ:AMAT) declared 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 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Applied Materials (NASDAQ AMAT) traded up $0.93 during trading on Wednesday, reaching $51.01. The company’s stock had a trading volume of 19,275,756 shares, compared to its average volume of 10,080,000. The firm has a market capitalization of $53,079.05, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.95 and a beta of 1.80. Applied Materials has a 1 year low of $31.29 and a 1 year high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (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 business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. sell-side analysts forecast that Applied Materials will post 3.96 EPS for the current fiscal year.
AMAT has been the topic of a number of recent research reports. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price on the stock in a research report on Thursday, August 10th. B. Riley reiterated a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research note on Monday, August 14th. Zacks Investment Research cut Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Applied Materials in a report on Monday, August 14th. Finally, Credit Suisse Group lifted their price objective on Applied Materials from $5.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.15.
About Applied Materials
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