AMAT Stock Announces Big Share Buyback, But Is It A Buy Now?

AMAT Stock Announces Big Share Buyback, But Is It A Buy Now?

Applied Materials announced a big share buyback and dividend increase Friday, but amid a lot of selling in the semiconductor sector, is AMAT stock a buy now? Applied Materials raised its quarterly dividend 8% to 26 cents a share and also set a $6 billion share buyback. AMAT stock got turned away at its 200-day moving average in mid-February after the company reported a slowdown in quarterly earnings and revenue growth.