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

Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of 0.53 per share by the manufacturing equipment provider on Thursday, December 10th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, November 19th.

Applied Materials has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Applied Materials has a payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of AMAT opened at $456.49 on Friday. The stock’s 50-day simple moving average is $513.89 and its 200 day simple moving average is $463.93. Applied Materials has a 52-week low of $167.18 and a 52-week high of $739.67. The stock has a market capitalization of $362.27 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Applied Materials’s revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts forecast that Applied Materials will post 12.76 EPS for the current fiscal year.

Insider Activity

In other news, insider Prabu G. Raja sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at $219,608,106.26. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 232,692 shares of company stock worth $146,579,059. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Applied Materials

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in Applied Materials in the fourth quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at $26,000. Harborfront Financial Group LLC bought a new position in shares of Applied Materials in the second quarter worth about $27,000. Financial Freedom LLC bought a new position in shares of Applied Materials in the first quarter worth about $28,000. Finally, Orion Capital Management LLC bought a new position in shares of Applied Materials in the second quarter worth about $33,000. Hedge funds and other institutional investors 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.