Stock News Buzz: Applied Materials (NASDAQ:AMAT)

Applied Materials (NASDAQ:AMAT) stock observed trading -4.43% off 52-week high price. On the other end, the stock has been noted 74.02% away from low price over the last 52-weeks. The stock disclosed a move of 6.42% away from 50 day moving average and 22.58% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.29% off 20-day moving average. It has market cap of $46510.83M and dividend yield of 1.68%.

Applied Materials (NASDAQ:AMAT) released that its Board of Directors has approved a quarterly cash dividend of $0.21 per share payable on the company’s common stock. The dividend is payable on Dec. 12, 2019 to shareholders of record as of Nov. 21, 2019.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the third quarter of fiscal 2019, Applied returned $724 million to shareholders through dividends and share repurchases. The company had approximately $2.4 billion remaining in its share buyback authorization at the end of the period.

About Applied Materials

Applied Materials (NASDAQ:AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future.

 The USA based company Applied Materials moved with change of -0.50% to $50.1 with the total traded volume of 6913666 shares in recent session versus to an average volume of 9032.86K. The stock was observed in the 5 days activity at 5.90%. The one month performance of stock was 7.33%. AMAT’s shares are at 20.69% for the quarter and driving a 17.88% return over the course of the past year and is now at 53.02% since this point in 2018.  Right now the stock beta is 1.64. The average volatility for the week and month was at 1.89% and 2.36% respectively. There are 928.36M shares outstanding and 920.98M shares are floated in market.

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