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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Applied Materials Inc | NASDAQ:AMAT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.31 | 2.22% | 198.30 | 198.12 | 198.96 | 198.475 | 193.28 | 196.26 | 3,542,398 | 00:52:40 |
From May 2019 to May 2024
Applied Materials Inc. on Thursday said its board approved a new $2 billion share-buyback program, following the completion of its $3 billion program initiated last year.
The maker of semiconductor-manufacturing tools has seen its stock price surge 23% over the past month.
In May, the company said orders hit a 15-year high in its latest reporting quarter, and some analysts and investors have speculated future iPhone models will use Applied Materials' organic light-emitting diode, or OLED, display.
On Thursday, Chief Financial Officer Robert Halliday said the company is "confident in our ability to drive profitable growth."
Applied Materials didn't provide a time frame for when it plans to repurchase its shares. The company has a market value of roughly $26.4 billion.
The shares price edged 0.6% higher in after-hours trading on Thursday.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
(END) Dow Jones Newswires
June 09, 2016 17:55 ET (21:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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