Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) declared a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, November 19th will be given a dividend of 0.53 per share by the manufacturing equipment provider on Thursday, December 10th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, November 19th.
Applied Materials has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Applied Materials has a dividend payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Applied Materials to earn $18.28 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 11.6%.
Applied Materials Stock Down 3.2%
AMAT opened at $454.01 on Friday. The business’s fifty day moving average is $516.82 and its two-hundred day moving average is $463.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The company has a market cap of $360.30 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 1.31 and a beta of 1.60. Applied Materials has a one year low of $164.00 and a one year high of $739.67.
Insider Activity at Applied Materials
In other Applied Materials news, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the sale, the chief executive officer owned 1,599,843 shares of the company’s stock, valued at $1,176,236,570.46. The trade was a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Prabu G. Raja sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at approximately $219,608,106.26. The trade was a 2.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 232,692 shares of company stock valued at $146,579,059. Company insiders own 0.30% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Caldwell Investment Management Ltd. acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $1,589,000. Ausdal Financial Partners Inc. bought a new position in Applied Materials during the second quarter worth about $4,005,000. Evolve Private Wealth LLC increased its holdings in shares of Applied Materials by 59.0% during the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after acquiring an additional 1,067 shares during the last quarter. WealthPlan Investment Management LLC bought a new stake in Applied Materials in the 4th quarter valued at $1,082,000. Finally, Principal Financial Group Inc. lifted its holdings in Applied Materials by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock valued at $729,211,000 after purchasing an additional 28,982 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
About Applied Materials
Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.
Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.
Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.
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