Applied Materials, Inc. (NASDAQ:AMAT) Announces Quarterly Dividend of $0.21

Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend on Monday, December 9th, Wall Street Journal reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.21 per share by the manufacturing equipment provider on Wednesday, March 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, February 18th.

NASDAQ:AMAT remained flat at $$56.60 during trading hours on Monday. 4,729,314 shares of the company’s stock were exchanged, compared to its average volume of 9,152,873. Applied Materials has a 1-year low of $28.79 and a 1-year high of $63.07. The company has a current ratio of 2.30, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $52.28 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.83 and a beta of 1.65. The stock has a fifty day moving average price of $56.29 and a 200-day moving average price of $48.97.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. Applied Materials had a net margin of 18.52% and a return on equity of 35.13%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that Applied Materials will post 3.77 EPS for the current year.

In related news, SVP Steve G. Ghanayem sold 25,727 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $52.12, for a total transaction of $1,340,891.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary E. Dickerson sold 1,000,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $61.11, for a total value of $61,110,000.00. The disclosure for this sale can be found here. Insiders have sold 1,028,727 shares of company stock worth $62,639,471 over the last three months. 0.44% of the stock is owned by insiders.

A number of brokerages have commented on AMAT. Needham & Company LLC raised their price objective on Applied Materials from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp boosted their price objective on Applied Materials from $54.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada upped their target price on Applied Materials from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Co lifted their price target on shares of Applied Materials from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Argus restated a “buy” rating and set a $72.00 price target on shares of Applied Materials in a research note on Monday, November 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.43.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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Dividend History for Applied Materials (NASDAQ:AMAT)

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