Applied Materials (NASDAQ:AMAT) CFO Sells $1,247,150.00 in Stock

by · The Markets Daily

Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) CFO Brice Hill sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $498.86, for a total value of $1,247,150.00. Following the transaction, the chief financial officer directly owned 136,113 shares in the company, valued at $67,901,331.18. This represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Applied Materials Stock Performance

AMAT traded down $48.69 during trading hours on Friday, hitting $453.01. The stock had a trading volume of 11,893,971 shares, compared to its average volume of 7,404,755. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $510.75. The company’s fifty day simple moving average is $407.26 and its 200 day simple moving average is $341.53. The stock has a market cap of $359.67 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.67. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 12.02 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.53 dividend. The ex-dividend date is Thursday, May 21st. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Institutional Investors Weigh In On Applied Materials

Hedge funds have recently made changes to their positions in the business. Cornerstone Financial Management LLC purchased a new position in Applied Materials in the 4th quarter worth $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials during the third quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Applied Materials during the fourth quarter valued at about $26,000. Financial Freedom LLC purchased a new position in shares of Applied Materials in the first quarter worth about $28,000. Finally, Highline Wealth Partners LLC lifted its stake in shares of Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after acquiring an additional 38 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMAT shares. Stifel Nicolaus set a $530.00 price target on Applied Materials in a research report on Friday, May 15th. Susquehanna boosted their price objective on shares of Applied Materials from $435.00 to $500.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. DZ Bank upgraded shares of Applied Materials to a “hold” rating in a research note on Monday, February 16th. Royal Bank Of Canada raised their price target on shares of Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, KGI Securities raised shares of Applied Materials to an “outperform” rating and set a $425.00 price target for the company in a report on Friday, February 13th. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $470.13.

Get Our Latest Analysis on AMAT

About Applied Materials

(Get Free Report)

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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