Applied Materials (NASDAQ:AMAT) Insider Sells $25,264,000.00 in Stock

by · The Markets Daily

Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) insider Prabu Raja sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the sale, the insider owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. This represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Applied Materials Stock Performance

AMAT traded down $48.69 on Friday, reaching $453.01. The company had a trading volume of 11,893,971 shares, compared to its average volume of 7,404,755. The stock has a market cap of $359.67 billion, a P/E ratio of 42.54, a P/E/G ratio of 1.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $510.75. The company’s fifty day moving average is $407.26 and its 200 day moving average is $341.53.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion during 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 business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts predict that Applied Materials, Inc. will post 12.02 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Seaport Research Partners started coverage on shares of Applied Materials in a research report on Monday, May 4th. They set a “buy” rating and a $500.00 target price on the stock. DZ Bank upgraded Applied Materials to a “hold” rating in a research note on Monday, February 16th. Sanford C. Bernstein reissued an “outperform” rating and set a $525.00 price target on shares of Applied Materials in a research report on Friday, May 15th. Summit Insights upgraded Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. Finally, Wolfe Research lifted their price objective on Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $470.13.

Check Out Our Latest Research Report on AMAT

Hedge Funds Weigh In On Applied Materials

A number of institutional investors have recently modified their holdings of AMAT. Financial Freedom LLC bought a new position in Applied Materials in the first quarter valued at about $28,000. Cornerstone Financial Management LLC bought a new position in shares of Applied Materials in the fourth quarter worth about $25,000. Whipplewood Advisors LLC boosted its stake in shares of Applied Materials by 218.8% in the 1st quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Applied Materials in the 4th quarter valued at approximately $26,000. Finally, MBM Wealth Consultants LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Company Profile

(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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