Applied Materials, Inc. to Issue Quarterly Dividend of $0.46 (NASDAQ:AMAT)

Key Points

• Applied Materials, Inc. announced a quarterly dividend of $0.46 per share, with payment set for December 11th to stockholders of record as of November 20th, reflecting a 1.1% dividend yield.
• The company has a dividend payout ratio of 18.2%, indicating strong earnings support for the dividend, with projections for earnings of $10.07 per share next year.
• Applied Materials reported earnings per share (EPS) of $2.48 for the last quarter, surpassing analyst expectations, alongside a revenue increase of 7.7% year-over-year.

Applied Materials, Inc. (NASDAQ:AMAT - Get Free Report) declared a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Thursday, November 20th will be given a dividend of 0.46 per share by the manufacturing equipment provider on Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%.

Applied Materials has a dividend payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Applied Materials to earn $10.07 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 18.3%.

Applied Materials Trading Up 4.1%

AMAT opened at $170.15 on Friday. The business has a 50 day moving average of $178.25 and a 200-day moving average of $164.70. The stock has a market cap of $135.55 billion, a PE ratio of 20.28, a PEG ratio of 2.33 and a beta of 1.77. Applied Materials has a 52 week low of $123.74 and a 52 week high of $215.70. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts predict that Applied Materials will post 9.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Summit Insights cut Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a research note on Friday, August 15th. UBS Group cut their price objective on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price objective on shares of Applied Materials in a report on Friday, May 16th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of "Hold" and an average target price of $192.92.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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