On Tuesday, Shares of Applied Materials, Inc. (NASDAQ:AMAT), lost -0.15% to $19.89.
Applied Materials, declared that its Board of Directors has approved a new share repurchase program authorizing up to $3 billion in repurchases over the next three years starting in the third quarter of fiscal 2015.
“We are happy to declare this new share repurchase program,” said Gary Dickerson, president and chief executive officer of Applied Materials. “This program reflects our confidence in our performance and opportunities in addition to our strong commitment to shareholder returns.”
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.
Shares of National Oilwell Varco, Inc. (NYSE:NOV), inclined 0.29% to $51.48, during its last trading session.
On April 28, National Oilwell Varco, stated that for its first quarter ended March 31, 2015, it earned net income of $310 million, or $0.76 per fully diluted share, contrast to fourth quarter ended December 31, 2014 net income of $595 million, or $1.39 per fully diluted share. Not taking into account other items of $122 million in pre-tax charges related to an early retirement program, $9 million of Venezuela asset write-down, and $69 million of non-recurring foreign tax exposure, net income was $466 million, or $1.14 per fully diluted share, down 33 percent from the fourth quarter of 2014, and down 12 percent from the first quarter of 2014, not taking into account other items from all periods.
Revenues for the first quarter of 2015 were $4.82 billion, a decrease of 15.6 percent from the fourth quarter of 2014 and a decrease of one percent from the first quarter of 2014. Operating profit for the quarter, not taking into account the other items, was $692 million, or 14.4 percent of sales. EBITDA for the first quarter, not taking into account other items, was $837 million, or 17.4 percent of sales, down 18.1 percent from the preceding year.
During the first quarter of 2015, the Company repurchased and stepped down 24.5 million shares of its common stock at an average price of $54.35 per share for a total purchase price of $1.3 billion. Since initiating a share buyback program in September 2014, the Company has repurchased 43.3 million shares or 10 percent of its shares outstanding, at an average price of $57.38 per share.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The company’s Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.
At the end of Tuesday’s trade, Shares of Texas Instruments Inc. (NASDAQ:TXN), lost -0.51% to $54.17.
Texas Instruments Incorporated, declared the ADS54J60, the industry’s first 16-bit 1-GSPS analog-to-digital converter (ADC) and the first to achieve over 70dBFS signal-to-noise ratio (SNR) at 1-GSPS. TI also declared the highest density four-channel 14-bit 500-MSPS ADC, the ADS54J54. To optimize the signal chain, TI’s new 4.5-GHz LMH6401 fully differential digital variable gain amplifier (DVGA) offers the widest bandwidth with DC coupling and allows signal acquisition of low and high frequencies without the limitation of baluns used in AC-coupled systems. These ADCs work together with the amplifier to provide the highest performance, lowest power and space savings in defense and aerospace, test and measurement, and communication infrastructure applications.
TI will demonstrate these high-performance devices at the International Microwave Symposium (IMS) on May 17-22 in Phoenix, Arizona, at booth #2614.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power administration products to enhance the efficiency of powered devices using battery administration solutions, portable power conversion devices, power supply controls, and point-of-load products.
Finally, Discovery Communications, Inc. (NASDAQ:DISCK), ended its last trade with 2.98% gain, and closed at $29.38.
Discovery Family Channel kicks off summer with the premiere of an all-new season of STRAWBERRY SHORTCAKE’S BERRY BITTY ADVENTURES on Saturday, June 20 at 12:30 PM EST/11:30 AM CST, in commemoration of the brand’s 35th anniversary. Season four introduces three new characters—twins Sweet and Sour Grapes, and Apple Dumplin’—in 13 thirty-minute episodes that deliver positive messages of friendship, self-esteem and honesty.
Season four of STRAWBERRY SHORTCAKE’S BERRY BITTY ADVENTURES addresses everything from technology, world travel and storytelling, to cooking, music and fashion. Through the mischief and escapades of Strawberry Shortcake, Lemon Meringue, Raspberry Torte, Orange Blossom, Plum Pudding, Cherry Jam and their new friends Sweet and Sour Grapes and Apple Dumplin’, viewers have fun while learning important life lessons on respect, trust, and putting your best foot forward.
The original design of Strawberry Shortcake and her cat, Custard, was created in 1977 by American Greetings’ Muriel Fahrion. In addition to the TV series, there have been three Strawberry Shortcake DVD movies released by 20th Century Fox, and a Strawberry Shortcake toy line made by the Bridge Direct. A successful line of apps from Budge Studios have resulted in over 35 million downloads. A full-length feature film, Strawberry Shortcake: The Sweet Dreams Movie, was produced by DiC Entertainment in 2006 and was released on DVD in February 2007.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
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