Applied Materials (AMAT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The dividend is payable on September 15 to shareholders of record as of August 25. (NASDAQ:AMAT) ended Thursday session in green amid volatile trading. The timing of the new share buyback suggests more will be spent this quarter though the stock only recently climbed to the current heights. During the past 52 weeks, the stock’s price witnessed a minimum value of $14.25 and it switched to the maximum value of $24.65. The Average price target is noted at $21.12, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $16.81. The company has a market cap of $26.39 billion.
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The board also approved a quarterly dividend of 10 cents per share.
Over the past calendar year, Applied Materials has distributed more than $3.2 billion in the form of dividends and share repurchases.
In the prior 12 months Applied Materials, Inc.’s stock price has increased by 24.46% from 19.62 to 24.42.
The sell-side firm maintained its Buy rating on AMAT shares, along with a $28 target price, which is based on 15x CY17 EPS estimate. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. The stock price negotiated for value between $24.09 to $24.30 in recent trading session. On May 25, 2016, Stephen R Forrest (director) sold 5,000 shares at $22.86 per share price, according to the Form-4 filing with the securities and exchange commission. The shares were sold at an average price of $22.86, for a total transaction of $114,300.00.
The above chart doesn’t include the 45 million shares bought during the last quarter for an average price of $20. The disclosure for this sale can be found here. Pensionfund Sabic boosted its stake in Applied Materials by 60.2% in the fourth quarter. Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.
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Applied Materials, Inc. has 1,089,143,000 shares now held by shareholders which have a trade price of 24.42 totalling Applied Materials, Inc.’s market capitalisation to 26.60B Dollars. Finally, Berenberg Bank reissued a “buy” rating on shares of Applied Materials in a research report on Friday, February 19th. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Currently, Applied Materials has an average volume of 12.73M. It operates through the following segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions.
