NASDAQ Composite Just Away 40 Points From 3,000 Level; Applied Materials Figures Surpasses Expectations
The tech heavy index is near 3,000 mark just away 40 points from it and remained as the most obvious outperformer among its counterparts this year. The NASDAQ Composite Index rocketed up +44.02 points or 1.51% to close at 2,959.85, fueled by most of the earnings reports. NASDAQ’s technology stock and the world`s foremost supplier of manufacturing solutions used for the display, semiconductor and solar industries, Applied Materials, Inc. (NASDAQ:AMAT) posted its first quarter of fiscal 2012 figures ended January 29, 2012.
Applied Materials produced $2.01 billion of orders and $2.19 billion net sales. Its non-GAAP operating income recorded as $344 million whereas its non-GAAP net income remained $240 million or 18 cents per share. Its GAAP operating income registered as $179 million while its GAAP net income remained $117 million or 9 cents per share. Moreover, during the quarter Applied Materials finished the acquisition of Varian Semiconductor Equipment Associates and the consequences consist of Varian`s operations for the complete period.
AMAT shares price recently grew 2.40% attained $13.21. AMAT intraday price ranged $12.93 - $13.23 accompanying trading capacity of 14.15 million shares.
AMAT has intra-day market capitalization $17.25 billion and an enterprise value at $12.55 billion. Trailing twelve months price to sales ratio of the stock was 1.60 while price to book ratio in most recent quarter was 1.91. In profitability ratios, net profit margin in past twelve months appeared at 18.31% whereas operating profit margin for the same period at 22.44%.
The company made a return on asset of 11.89% in past twelve months and return on equity of 23.58% for similar period. In the period of trailing 12 months it generated revenue amounted to $10.52 billion gaining $7.97 revenue per share. Its year over year, quarterly growth of revenue was -24.50% holding -2.80% quarterly earnings growth.
According to preceding quarter balance sheet results, the company had $6.24 billion cash in hand making cash per share at 4.78. The total of $1.95 billion debt was there putting a total debt to equity ratio 22.13. Moreover its current ratio according to same quarter results was 3.71 and book value per share was 6.74.
Looking at the trading information, the stock price history displayed that its S&P500 52 Week Change illustrated 1.12% where the stock 50 day moving average price remained $12.10 and while 200 Day Moving Average price reached $11.44.
AMAT holds 1.31 billion outstanding shares with 1.30 billion floating shares where insider possessed 0.25% and institutions kept 80.50%.
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