Despite Chip Downturn, Applied Materials Is Making It Rain!

By Jose Najarro, Nicholas Rossolillo, and Billy Duberstein – Mar 21, 2023 at 9:23AM

NASDAQ: AMAT

Applied Materials

Market Cap

$164B

Today's Change

(0.73%) $1.44

Current Price

$197.50

Price as of April 25, 2024, 4:00 p.m. ET

Thanks to its strong cash flow margins, Applied Materials has announced plans to increase its dividend and approved a new $10 billion repurchase program.

Applied Materials (AMAT 0.73%) continues to show why it is one of the best semiconductor companies, as management has increased its dividend by 23% and believes free cash flow will continue to grow over time, fueling even more growth in its dividend. Check out the short video to learn what semiconductor investors Jose Najarro, Nicholas Rossolillo, and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of March 16, 2023. The video was published on March 17, 2023.

Billy Duberstein has positions in Applied Materials. Jose Najarro has positions in Applied Materials. Nicholas Rossolillo has positions in Applied Materials. The Motley Fool has positions in and recommends Applied Materials. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.