Insider Selling: Applied Materials, Inc. (NASDAQ:AMAT) Director Sells 4,000 Shares of Stock

Applied Materials, Inc. (NASDAQ:AMAT) Director Stephen R. Forrest sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $53.67, for a total value of $214,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Stephen R. Forrest also recently made the following trade(s):

  • On Friday, November 24th, Stephen R. Forrest sold 5,000 shares of Applied Materials stock. The stock was sold at an average price of $58.00, for a total value of $290,000.00.

Applied Materials, Inc. (NASDAQ AMAT) traded up $1.36 during trading hours on Friday, reaching $57.12. The company’s stock had a trading volume of 10,918,953 shares, compared to its average volume of 11,230,000. Applied Materials, Inc. has a 1 year low of $33.77 and a 1 year high of $60.89. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $60,340.00, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.09 and a beta of 1.81.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. Applied Materials’s payout ratio is 12.62%.

AMAT has been the subject of several analyst reports. Royal Bank of Canada restated a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Bank of America lifted their target price on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday, November 28th. Wells Fargo & Co initiated coverage on Applied Materials in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 target price for the company. Finally, BidaskClub cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Twenty-four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.60.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Applied Materials by 2.3% in the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after purchasing an additional 1,721,964 shares in the last quarter. State Street Corp lifted its holdings in shares of Applied Materials by 2.1% in the second quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock valued at $2,019,939,000 after purchasing an additional 985,296 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Applied Materials by 14.8% in the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after purchasing an additional 2,284,836 shares in the last quarter. Egerton Capital UK LLP lifted its holdings in shares of Applied Materials by 23.2% in the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after purchasing an additional 3,184,994 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Applied Materials by 7.6% in the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock valued at $568,067,000 after purchasing an additional 973,818 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

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About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

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