Applied Materials, Inc. (AMAT) Declares Quarterly Dividend of $0.10
Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend on Friday, December 15th, RTT News reports. Shareholders of record on Wednesday, February 21st will be paid a dividend of 0.10 per share by the manufacturing equipment provider on Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 0.78%.
Applied Materials (AMAT) opened at $51.48 on Friday. 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 firm has a market cap of $54,134.88, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80. Applied Materials has a 12 month low of $31.66 and a 12 month high of $60.89.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. Applied Materials’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. equities analysts forecast that Applied Materials will post 3.95 EPS for the current year.
Several brokerages have weighed in on AMAT. B. Riley reaffirmed a “buy” rating and set a $61.00 target price on shares of Applied Materials in a research note on Saturday, August 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price target (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Credit Suisse Group raised their price objective on shares of Applied Materials from $5.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Susquehanna Bancshares reissued a “neutral” rating and set a $42.00 price objective on shares of Applied Materials in a report on Monday, August 21st. Finally, Instinet reissued a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of Applied Materials in a report on Monday, August 21st. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.15.
In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
Applied Materials Company Profile
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