Applied Materials, Inc. Declares Quarterly Dividend of $0.10 (AMAT)

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.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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.

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About Applied Materials

Dividend History for Applied Materials (NASDAQ:AMAT)

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