Applied Materials, Inc. (AMAT) to Issue Quarterly Dividend of $0.53 on September 10th

Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Thursday, August 20th will be paid a dividend of 0.53 per share by the manufacturing equipment provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, August 20th.

Applied Materials has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Applied Materials has a payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Applied Materials to earn $15.77 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 13.4%.

Applied Materials Stock Down 0.4%

Shares of Applied Materials stock opened at $497.01 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. Applied Materials has a 1 year low of $154.46 and a 1 year high of $534.44. The firm’s 50-day moving average is $418.73 and its two-hundred day moving average is $348.79. The stock has a market cap of $394.61 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 1.40 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same period in the prior year, the business earned $2.39 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts expect that Applied Materials will post 12.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMAT shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $525.00 target price on shares of Applied Materials in a report on Friday, May 15th. B. Riley Financial increased their price target on shares of Applied Materials from $530.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Needham & Company LLC increased their price target on shares of Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, May 15th. HSBC began coverage on shares of Applied Materials in a research report on Friday, May 8th. They set a “buy” rating and a $517.00 price target for the company. Finally, DZ Bank raised shares of Applied Materials to a “hold” rating in a research report on Monday, February 16th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $480.13.

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.