Insider Selling: Applied Materials, Inc. (NASDAQ:AMAT) VP Sells 125,125 Shares of Stock

Applied Materials, Inc. (NASDAQ:AMAT) VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ali Salehpour also recently made the following trade(s):

  • On Friday, December 29th, Ali Salehpour sold 125,125 shares of Applied Materials stock. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75.

Applied Materials, Inc. (NASDAQ AMAT) traded up $0.25 during mid-day trading on Friday, hitting $53.45. 9,069,938 shares of the company’s stock were exchanged, compared to its average volume of 12,440,000. Applied Materials, Inc. has a one year low of $33.09 and a one year high of $60.89. The company has a market cap of $56,460.00, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.04 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the firm earned $0.66 EPS. Applied Materials’s revenue was up 20.4% on a year-over-year basis. sell-side analysts anticipate that Applied Materials, Inc. will post 4.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. Applied Materials’s dividend payout ratio (DPR) is 12.62%.

AMAT has been the subject of several research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Applied Materials in a report on Friday, October 27th. Bank of America lifted their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, November 28th. Wells Fargo & Co began coverage on shares of Applied Materials in a report on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, BidaskClub downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.22.

Several hedge funds have recently added to or reduced their stakes in the business. Summit Financial Wealth Advisors LLC raised its position in shares of Applied Materials by 0.3% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after buying an additional 19 shares in the last quarter. Affinity Wealth Management grew its stake in shares of Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after purchasing an additional 48 shares during the last quarter. Wunderlich Capital Managemnt grew its stake in shares of Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares during the last quarter. Albion Financial Group UT grew its stake in shares of Applied Materials by 0.8% in the 2nd quarter. Albion Financial Group UT now owns 16,534 shares of the manufacturing equipment provider’s stock worth $683,000 after purchasing an additional 133 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA grew its stake in shares of Applied Materials by 1.5% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 11,859 shares of the manufacturing equipment provider’s stock worth $490,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 79.76% of the company’s stock.

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Applied Materials Company Profile

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