Applied Materials, Inc. (NASDAQ:AMAT) reported that Trina Solar Limited has presented Applied Materials with its”Outstanding Contribution of the Year 2010 – World Purchasing Award” in China. AMAT won this award for supporting Trina Solar in increasing its production capcity, on time material delivery, product quality and service excellence.
Applied Materials has been honored three times in two months by its Chinese solar customers for outstanding performance.
AMAT generated revenue of $9.55 billion and reported gross earnings remained $937.87 million in last 12 months while quarter over quarter yearly sales growth was 89.10%. The yearly quarter over quarter earning per share remained 241.48% and it grew to stay at 403.58% where as earning per share is expected to grow at 7.14% for the next year and 9.67% for the next 5.
The stock moved along well and narrowed it gap to just 2.82% from its 52 week high during the last traded session while placed high 58.66% over its 52 week low price. According to recent quarter financials the current ratio of 2.34 represents company’s ability to meet its current financial obligations.
The firm had total 1.32 billion outstanding shares out of which internal management of the firm owned 0.44% while institutions held 79.06%.The stock’s performance in accordance to its rate of return for a week remained down with 1.16%, reported a gain of 13.76% for the month and increased for the year with 27.96%.
Recent quarter stats showed that it had $2.58 billion cash and did $205.53 million borrowing to carry out its operations while total cash per share for the firm remained 1.95. The company’s earning before accounting for Interest, Tax, Depreciation and Amortization was $2.26 billion. The stock price moved up 2.75% from the mean of 20 days, +11.62% from SMA50 and grew 28.03% from 200 days average price.
AMAT price was $16.01 at the beginning of last session and surged 1.19% to close at $16.20 while its dealing range for the day was $15.98 – $16.22. The stock traded with the volume of 12.98 million shares on Feb 14, 2011, as compare to 16.93 million shares average volume; however, market capitalization remained $21.41 billion.
Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays (LCDs), solar PV cells and modules, and other electronic devices. These customers may use what they manufacture in their own end products or sell the items to other companies for use in advanced electronic components.