Materion Microelectronics & Services Increases Precision Parts Cleaning Capacity With Addition Of New Facility In Albuquerque, New Mexico
Materion Microelectronics & Services, a unit of Materion Corporation
(NYSE: MTRN), has opened a new facility in Mesa del Sol, New Mexico,
near Albuquerque to provide precision parts cleaning and surface
Materion Microelectronics & Services, a unit of Materion Corporation (NYSE: MTRN), has opened a new facility in Mesa del Sol, New Mexico, near Albuquerque to provide precision parts cleaning and surface treatment of physical vapor deposition (PVD) shield kits for customers in the West. The facility complements Materion’s recently expanded Wheatfield, New York site, near Buffalo. The two sites support key customers who require these services in such technically demanding industries as: wireless, LEDs, medical consumables, hard disk drive (HDD), semiconductor, data storage, optics and photovoltaics. The Mesa del Sol facility offers regional customers a more convenient location with the benefit of reduced shipping time and costs, as well as aggressive lead times. Traditional removal technologies are offered in conjunction with innovative cleaning methods that can target complex deposition stacks from a specific industry. With its vertically integrated “cradle-to-grave” solutions-based services, Materion is unique in the industry. It is the only global provider of thin film deposition materials, parts cleaning services, and precious metal recovery and refining. With that combination, it offers broad engineering expertise and breadth of experience to help customers through all stages of precision parts cleaning, from parts qualification through final precious metal settlement. Related to the enlarged capacity, Jim McMullen, Materion Product Manager-Precision Parts Cleaning Service, commented, “We are greatly pleased with the addition of Mesa del Sol and the customer service experience we can now offer. Having a regional facility means faster turnaround and a regional precious metal refining solution to enhance the metal management model. This expansion further demonstrates our commitment to being our customers’ first choice.” Materion Microelectronics & Services is a unit of Materion Corporation. Through its wholly owned subsidiaries, Materion supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. Materion Corporation is based in Mayfield Heights, Ohio.
Looking at the universe of stocks we cover at Dividend Channel, on 2/17/15, Materion Corp will trade ex-dividend, for its quarterly dividend of $0.085, payable on 3/3/15. As a percentage of MTRN's recent stock price of $37.16, this dividend works out to approximately 0.23%.
Shareholders of Materion Corp looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the June 2015 covered call at the $40 strike and collect the premium based on the $1.40 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.3% annualized rate in the scenario where the stock is not called away. Any upside above $40 would be lost if the stock rises there and is called away, but MTRN shares would have to climb 11.2% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 15.1% return from this trading level, in addition to any dividends collected before the stock was called.
In trading on Friday, shares of Materion Corp crossed below their 200 day moving average of $34.17, changing hands as low as $34.10 per share. Materion Corp shares are currently trading off about 1.6% on the day.