On Wednesday, in the course of current trade, Shares of Applied Materials, Inc. (NASDAQ:AMAT), gained 0.53%, and is now trading at $20.01.
Applied Materials, declared that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company`s common stock. The dividend is payable on September 10, 2015 to stockholders of record as of August 20, 2015.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
During an Afternoon trade, Shares of The Blackstone Group L.P. (NYSE:BX), gained 2.23%, and is now trading at $42.11.
Blackstone Group LP’s Jonathan Gray brought Wells Fargo & Co. into the $23 billion deal to purchase General Electric Co.’s commercial real estate loan portfolio, according to Timothy Sloan, the bank’s head of wholesale banking, according to Bloomberg.
“Jon Gray at Blackstone, who I’ve known for 20-plus years and worked with that entire period, had a meeting with GE” in which the company offered to sell the entire portfolio to New York-based Blackstone, Sloan said Wednesday at an investor conference.
Gray, who heads the private equity firm’s global real estate unit, knew the purchase would be too big for them, “even though Blackstone is a very successful firm,” Sloan, 55, said. “He called me up and we decided to partner and we began working on the opportunity later that evening.” Bloomberg Reports.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Finally, Cadence Design Systems Inc. (NASDAQ:CDNS), gained 0.91% Wednesday.
Cadence Design Systems, declared that Cadence® Innovus™ Implementation System has achieved v1.0 Design Rule Manual (DRM) certification from TSMC for its 16-nanometer FinFET Plus (16FF+) process. The Innovus Implementation System successfully passed rigorous testing and has been validated by TSMC on high-performance reference designs in order to provide customers with a fast path to design closure. Additionally, Cadence and TSMC are collaborating on the certification of the Innovus Implementation System on the 10-nanometer (nm) FinFET process. The certification for the latest version of 10nm DRM and SPICE models is presently on target for completion in June 2015.
The Innovus Implementation System is a next-generation physical implementation tool that enables system-on-chip (SoC) developers to deliver high-quality designs with highly competitive power, performance and area (PPA), while accelerating time to market. The tool provides key technology for the 16FF+ process and supports floorplanning, placement and routing with integrated color-/pin-access-/variability-aware timing closure, clock tree and power optimization.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
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