Applied Materials, Inc. (NASDAQ:AMAT) Unveiled A New Three-Year Financial Outlook- Worthington Industries, Inc. (WOR) Inside Move


Applied Materials, Inc. (NASDAQ:AMAT) stock shows increases of 6.36% and traded at a price of $48.84 in preceding trading session.

At its 2017 Analyst Day, Applied Materials, Inc. unveiled a new three-year financial outlook and illustrated how materials innovation is enabling a new era of computing to make possible IoT, big data and artificial intelligence (A.I.). The company is targeting non-GAAP adjusted earnings per share (EPS) of $5.08 for fiscal 2020 based on a $45 billion wafer fab equipment (WFE) market with increases in market share, gross margin, R&D investment and operating profit.

“Our markets are strong and getting stronger. New technology inflections like A.I. and big data will increase demand for high-performance semiconductor processing and storage,” said Gary Dickerson, president and CEO of Applied Materials. “With the industry’s broadest and most innovative technologies, Applied Materials helps accelerate consumer roadmaps by enabling chips and displays to be built in entirely new ways.”

“As we enter a new era in computing, market demand is stronger, consumer profitability is increasing and capital intensity is rising,” said Dan Durn, senior vice president and CFO of Applied Materials. “These factors combined with the strength of our diverse portfolio give us confidence in our ability to deliver higher levels of profitable growth.”

A.I. and big data are sparking a renaissance in chip design with new types of processors in development by a larger set of companies. More logic and DRAM capacity will be needed to process the increase in data, along with more NAND capacity for faster processing and storage. Based on this and the continued growth of silicon content in smartphones, Applied expects WFE spending in 2017 and 2018 combined to be $90 billion.

Its 52-week range quite noticeable, lower range was $77.21% and hit highest level of $0.64%. The overall volume in the last trading session was 20.25 Million shares. The liquidity position of firm is on noticeable level, as its current ratio was calculated as 2.90 at the same time as its debt to equity ratio stands at 0.61.

Shares of Worthington Industries, Inc. (NYSE:WOR) at the time when day-trade ended the stock finally crashed down -4.28% to close at $48.04. The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.21 per share. The dividend is payable on December 29, 2017, to shareholders of record December 15, 2017. This marks the 200th consecutive quarter that Worthington has paid a dividend since it became a public company in 1968.

Further, the board of directors authorized the buyback of up to an additional 6,828,855 of the Company’s common shares, increasing the total number of common shares available for buyback to 10,000,000.

The volatility tends to amount of risk or uncertainty about size of changes in a security’s value; a higher volatility denotes that a security’s value can potentially be spread out over a larger range of values. The price volatility of WOR was 3.43% for a week and 2.50% for a month as well as price volatility’s Average True Range for 14 days was 1.38. Shares price isolated negatively from its 50 days moving average with -4.93% and remote positively from 200 days moving average with 0.16%.


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