Omkaram Nalamasu Sells 24,263 Shares of Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. (NASDAQ:AMAT) SVP Omkaram Nalamasu sold 24,263 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 15th, Omkaram Nalamasu sold 10,737 shares of Applied Materials stock. The stock was sold at an average price of $591.95, for a total transaction of $6,355,767.15.

Applied Materials Price Performance

NASDAQ AMAT opened at $617.11 on Friday. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $638.90. The business’s fifty day moving average is $446.42 and its two-hundred day moving average is $363.12. The stock has a market capitalization of $489.96 billion, a P/E ratio of 57.94, a P/E/G ratio of 1.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.

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

Applied Materials Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on AMAT. UBS Group boosted their price objective on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup upped their price objective on shares of Applied Materials from $550.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday. HSBC began coverage on shares of Applied Materials in a report on Friday, May 8th. They issued a “buy” rating and a $517.00 target price for the company. Truist Financial set a $575.00 target price on shares of Applied Materials in a research report on Thursday, May 28th. Finally, KeyCorp boosted their price target on shares of Applied Materials from $450.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $489.16.

More Applied Materials News

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Western Wealth Management LLC increased its holdings in shares of Applied Materials by 16.1% in the 1st quarter. Western Wealth Management LLC now owns 4,829 shares of the manufacturing equipment provider’s stock valued at $1,650,000 after purchasing an additional 669 shares during the period. Militia Capital Management LLC purchased a new stake in shares of Applied Materials in the first quarter worth approximately $295,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Applied Materials by 10.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 29,297 shares of the manufacturing equipment provider’s stock worth $10,013,000 after purchasing an additional 2,890 shares during the period. First Nebraska Trust Co purchased a new position in Applied Materials during the first quarter valued at approximately $29,488,000. Finally, Foguth Wealth Management LLC. purchased a new position in Applied Materials during the first quarter valued at approximately $234,000. 80.56% of the stock is owned by institutional investors and hedge funds.

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.