Timothy Deane Sells 8,621 Shares of Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. (NASDAQ:AMAT) SVP Timothy Deane sold 8,621 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Applied Materials Stock Performance

Shares of AMAT opened at $617.11 on Friday. The company has a market cap of $489.96 billion, a price-to-earnings ratio of 57.94, a P/E/G ratio of 1.65 and a beta of 1.67. The business’s fifty day simple moving average is $446.42 and its two-hundred day simple moving average is $363.12. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $638.90. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results 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 firm had revenue of $7.91 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Research analysts anticipate that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

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

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $530.00 price target on shares of Applied Materials in a report on Friday, May 15th. Raymond James Financial set a $650.00 price objective on shares of Applied Materials in a report on Wednesday, June 10th. Bank of America raised their target price on shares of Applied Materials from $465.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Mizuho lifted their target price on shares of Applied Materials from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, TD Cowen boosted their target price on shares of Applied Materials from $450.00 to $525.00 and gave the company 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $489.16.

Institutional Trading of Applied Materials

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

Applied Materials Company Profile

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.