Applied Materials, Inc. (NASDAQ:AMAT) shares up by 2.40%

by Tom Kelly | Tuesday, Jun 18, 2013 | 448 views

Northern, WI 06/18/2013 (usastockreport) – Applied Materials, Inc. (NASDAQ:AMAT) is a company that provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic, and related industries worldwide had a opened its day at $15.56. The stock gained by 2.40% in its previous day’s session and closed at $15.78.

The 5 year annual dividend growth rate of the company is 8.76% but the 5 year annual revenue growth rate has declined by 2.18%. The company has huge long term debts over its equity which can prove to be a nightmare for the company.

The net sales up to date as reported by Applied is $1.97 billion but has failed to make profits and has posted a Net Loss of $129 million.

The company has declared and paid a cash dividend of $0.10 on June 13, 2013. This represented an 11.11% increase over the prior quarter.

The company is regular in paying cash dividend to its shareholder’s. The company pays dividend to its shareholder’s in every quarter. This quarter’s paid dividend was the highest dividend paid by the company in its history.

In the first quarter of the year, the company has repurchased its 4,278 stocks amounting to $47,675 thousand at an average price of $11.15.

For the third quarter of fiscal 2013, Applied expects that the net sales will be slightly higher from the previous quarter. The company expects the non-GAAP adjusted EPS to be somewhere around $0.16 to $0.20.

Applied Materials, Inc. is the global leader whose technologies helps in making innovations in the field of smartphones, flat screen TVs and solar panels to make them affordable and accessible to large number of consumers and businesses around the world.

In the second quarter of 2013, Applied had strong order performance of over $2 billion as remarked by Mike Splinter, chief executive officer and chairman. The company is consistently growing and has maintained profit growths through its wide range of products and innovations.

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