Applied Materials, Inc. Declares Quarterly Dividend of $0.53 (NASDAQ:AMAT)

Applied Materials, Inc. (NASDAQ:AMAT) announced a quarterly dividend on Thursday, September 10th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Thursday, November 19th.

Applied Materials has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Applied Materials has a payout ratio of 21.0% indicating that 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 Price Performance

Applied Materials stock opened at $454.01 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $516.82 and a 200-day simple moving average of $463.98. Applied Materials has a 52-week low of $164.00 and a 52-week high of $739.67. The firm has a market capitalization 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 (NASDAQ:AMAT) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts anticipate that Applied Materials will post 12.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. B. Riley Financial reissued a “buy” rating and set a $700.00 target price (down from $790.00) on shares of Applied Materials in a research note on Friday, August 14th. KeyCorp lifted their price objective on shares of Applied Materials from $550.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Susquehanna raised their target price on Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley cut their price target on shares of Applied Materials from $646.00 to $642.00 and set an “equal weight” rating on the stock in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $658.45.

Applied Materials Company Profile

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.