Applied Materials Inc. (NASDAQ:AMAT) to pay dividends
Applied Materials Inc. (NASDAQ:AMAT) is primarily engaged in the manufacturing and sales of services, software and equipment for use by the semiconductor, solar photovoltaic, flat panel display and other related industries. The company had scheduled its date for payment of dividend on June 13, 2013 and the shareholders as on record of May 21, 2013 would receive cash dividend of $0.10 per share. The dividend payment is observed to be an increase of 11.11 percent over the previous year’s dividend.
Applied Materials Inc. (NASDAQ:AMAT), one of the leading players in the semiconductor equipment industry, has made effective plans to increase its earnings leverage and thereby lead the industry as an efficient player. The new management team at the company led by Gary Dickerson as President and Bob Halliday as Chief Financial Officer is highly confident that the expertise of the leadership team would present significant opportunities for growth to the company and would thereby put Applied Materials Inc. (NASDAQ:AMAT) at the top of the semiconductor equipment industry.
The shares of Applied Materials Inc. (NASDAQ:AMAT) had recently been raised in their price targets from the earlier level of $13 per share to the new $15.27 per share. The improving economic outlook, new transitions in technology and growing demand for mobility of the devices had presented significant growth opportunities to the semiconductor equipment industry and had thereby resulted in the raise in price targets for the company.
Applied Materials Inc. (NASDAQ:AMAT) shares the market with other major players like Taiwan Semiconductor Manufacturing Company Ltd. ADR (NYSE:TSM). The company had recently been given buy rating by the analysts at the market further owing to factors presenting growth opportunities in the sector. In addition, the robust revenue growth of the company backed by significant reported earnings per share, remarkable return on equity, impressive stock performance and growth opportunities in net income had contributed to positive outlook for Taiwan Semiconductor Manufacturing Company Ltd. ADR (NYSE:TSM).
The company is primarily engaged in the research, development, manufacturing and sales of products related to integrated circuits. Taiwan Semiconductor Manufacturing Company Ltd. ADR (NYSE:TSM) operates its businesses through segments such as wafer testing, mask production, wafer manufacture and packaging components. The semiconductor products company presently faces strong buy rating from the investment analysts owing to its strong fundamentals.