Applied Materials (NASDAQ:AMAT) Director Sells 1,000 Shares

Applied Materials, Inc. (NASDAQ:AMAT) Director Judy Bruner sold 1,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the transaction, the director directly owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Applied Materials Price Performance

AMAT traded down $14.84 on Thursday, reaching $454.01. 4,836,212 shares of the company’s stock were exchanged, compared to its average volume of 8,076,247. The stock has a market cap of $360.30 billion, a PE ratio of 39.14, a P/E/G ratio of 1.32 and a beta of 1.60. The stock’s fifty day moving average price is $519.80 and its 200-day moving average price is $463.43. Applied Materials, Inc. has a twelve month low of $164.00 and a twelve month high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the firm earned $2.48 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts expect that Applied Materials, Inc. will post 12.76 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials during the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new position in Applied Materials during the fourth quarter worth $26,000. Harborfront Financial Group LLC purchased a new position in shares of Applied Materials during the second quarter worth $27,000. Financial Freedom LLC purchased a new position in shares of Applied Materials during the first quarter worth $28,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Applied Materials in the second quarter valued at $33,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMAT. Citigroup reissued a “buy” rating on shares of Applied Materials in a research report on Monday, August 3rd. Barclays lifted their target price on shares of Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Seaport Research Partners reissued a “buy” rating and issued a $575.00 price target on shares of Applied Materials in a research note on Friday, August 14th. Bank of America cut their price target on shares of Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, HSBC reaffirmed a “buy” rating and set a $683.00 price target on shares of Applied Materials in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $658.45.

About Applied Materials

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.