Applied Materials, Inc. (AMAT) VP Ali Salehpour Sells 125,125 Shares

Applied Materials, Inc. (NASDAQ:AMAT) VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up $0.94 during trading on Wednesday, hitting $53.98. 10,889,247 shares of the stock were exchanged, compared to its average volume of 10,353,662. The company has a market capitalization of $57,020.00, a PE ratio of 17.03, a PEG ratio of 1.00 and a beta of 1.81. Applied Materials, Inc. has a 52 week low of $31.86 and a 52 week high of $60.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be given 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 dividend yield of 0.74%. Applied Materials’s payout ratio is presently 12.62%.

Several institutional investors have recently made changes to their positions in AMAT. LeJeune Puetz Investment Counsel LLC bought a new stake in Applied Materials during the third quarter worth about $105,000. MPS Loria Financial Planners LLC bought a new stake in Applied Materials during the second quarter worth about $109,000. Wunderlich Capital Managemnt lifted its position in Applied Materials by 2.9% during the second 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 period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Applied Materials during the second quarter worth about $134,000. Finally, First Personal Financial Services lifted its position in Applied Materials by 281.5% during the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 1,900 shares during the period. 79.76% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on AMAT shares. Credit Suisse Group restated a “buy” rating and set a $62.00 target price on shares of Applied Materials in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. Needham & Company LLC lifted their price objective on shares of Applied Materials to $66.00 and gave the stock a “positive” rating in a research report on Friday, November 17th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, KeyCorp reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Applied Materials in a research report on Saturday, September 16th. One analyst has rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Applied Materials currently has a consensus rating of “Buy” and an average price target of $60.95.

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Applied Materials Company Profile

Insider Buying and Selling by Quarter for Applied Materials (NASDAQ:AMAT)

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