Applied Materials Inc. (NASDAQ:AMAT) announced a quarterly dividend on Thursday, September 8th. Investors of record on Friday, November 25th will be paid a dividend of 0.10 per share by the manufacturing equipment provider on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, November 22nd.

Shares of Applied Materials (NASDAQ:AMAT) opened at 30.02 on Thursday. Applied Materials has a 52 week low of $15.44 and a 52 week high of $31.07. The company has a 50-day moving average of $28.97 and a 200 day moving average of $26.46. The firm has a market capitalization of $32.45 billion, a P/E ratio of 23.68 and a beta of 1.86.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm earned $2.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. Applied Materials’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Equities research analysts anticipate that Applied Materials will post $1.75 earnings per share for the current year.

Dividend History for Applied Materials (NASDAQ:AMAT)

In related news, insider Gary E. Dickerson sold 229,935 shares of Applied Materials stock in a transaction on Friday, October 7th. The stock was sold at an average price of $29.71, for a total transaction of $6,831,368.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Omkaram Nalamasu sold 99,491 shares of Applied Materials stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $30.15, for a total value of $2,999,653.65. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AMAT. US Bancorp DE boosted its stake in Applied Materials by 6.8% in the second quarter. US Bancorp DE now owns 495,287 shares of the manufacturing equipment provider’s stock worth $11,872,000 after buying an additional 31,545 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Applied Materials by 3.0% in the second quarter. Wetherby Asset Management Inc. now owns 16,853 shares of the manufacturing equipment provider’s stock valued at $404,000 after buying an additional 492 shares during the period. BlackRock Japan Co. Ltd raised its position in Applied Materials by 0.8% in the second quarter. BlackRock Japan Co. Ltd now owns 1,513,163 shares of the manufacturing equipment provider’s stock valued at $36,271,000 after buying an additional 12,680 shares during the period. Bank of Nova Scotia raised its position in Applied Materials by 146.5% in the second quarter. Bank of Nova Scotia now owns 22,568 shares of the manufacturing equipment provider’s stock valued at $541,000 after buying an additional 71,080 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Applied Materials during the second quarter valued at $342,000. 83.73% of the stock is owned by hedge funds and other institutional investors.

AMAT has been the topic of a number of research analyst reports. Credit Suisse Group AG increased their target price on Applied Materials from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Citigroup Inc. increased their target price on Applied Materials from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, August 19th. Morgan Stanley reaffirmed a “buy” rating and set a $25.00 target price on shares of Applied Materials in a report on Tuesday, August 16th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $33.00 target price on shares of Applied Materials in a report on Tuesday, October 4th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating on shares of Applied Materials in a report on Friday, September 23rd. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.39.

Applied Materials Company Profile

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

5 Day Chart for NASDAQ:AMAT

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