Omkaram Nalamasu Sells 10,737 Shares of Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. (NASDAQ:AMAT) SVP Omkaram Nalamasu sold 10,737 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $591.95, for a total transaction of $6,355,767.15. Following the completion of the sale, the senior vice president directly owned 171,179 shares in the company, valued at $101,329,409.05. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Omkaram Nalamasu also recently made the following trade(s):

• On Tuesday, June 16th, Omkaram Nalamasu sold 24,263 shares of Applied Materials stock. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09.

Applied Materials Trading Up 4.1%

NASDAQ:AMAT opened at $617.11 on Friday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $638.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The company’s 50-day simple moving average is $446.42 and its 200 day simple moving average is $363.12. The firm has a market capitalization of $489.96 billion, a P/E ratio of 57.94, a PEG ratio of 1.65 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s payout ratio is currently 19.91%.

Hedge Funds Weigh In On Applied Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC bought a new stake in shares of Applied Materials in the 4th quarter worth $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials during the third quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Applied Materials during the fourth quarter valued at $26,000. Financial Freedom LLC purchased a new stake in shares of Applied Materials during the first quarter valued at $28,000. Finally, Highline Wealth Partners LLC boosted its position in shares of Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after buying an additional 38 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Argus lifted their price objective on Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Cantor Fitzgerald increased their target price on Applied Materials from $575.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Wells Fargo & Company raised their price target on Applied Materials from $435.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Raymond James Financial set a $650.00 price target on Applied Materials in a research report on Wednesday, June 10th. Finally, Bank of America upped their price target on shares of Applied Materials from $465.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.16.

Key Headlines Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle

About Applied Materials

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.