Why Applied Materials Shares Are Rising
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares rose by 2.9% to $210.97, influenced by Micron's better-than-expected Q2 financial results and strong Q3 guidance. Micron reported a surprise profit and a significant year-over-year increase in operating cash flow, although it saw a slight decrease from the previous quarter. Applied Materials pays a dividend with a yield of 0.86% as of Mar. 21, 2024, and information on its buyback programs can be found on news platforms like Benzinga Pro.
March 21, 2024 | 2:35 pm
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Applied Materials, Inc. shares increased by 2.9% to $210.97, following Micron's positive financial performance. The company pays a dividend with a yield of 0.86% as of Mar. 21, 2024.
Applied Materials' stock price increase is directly attributed to the positive earnings report from Micron, a key player in the semiconductor industry. The dividend yield provides additional investor incentive, suggesting a positive short-term outlook.
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