Applied Materials, Inc. (NASDAQ:AMAT) SVP Teri A. Little Sells 2,500 Shares

Applied Materials, Inc. (NASDAQ:AMATGet Free Report) SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $221.62, for a total value of $554,050.00. Following the completion of the transaction, the senior vice president now owns 76,212 shares of the company’s stock, valued at approximately $16,890,103.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $228.16 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $188.91 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.90 and a beta of 1.56. The business’s 50-day moving average price is $209.27 and its 200-day moving average price is $187.53. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $228.83.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.54 billion. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 EPS. Sell-side analysts forecast that Applied Materials, Inc. will post 8.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Applied Materials

Several institutional investors have recently modified their holdings of AMAT. Canada Pension Plan Investment Board grew its position in Applied Materials by 23.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 203,913 shares of the manufacturing equipment provider’s stock worth $28,232,000 after acquiring an additional 39,127 shares during the last quarter. Greenleaf Trust grew its position in Applied Materials by 1.1% during the 3rd quarter. Greenleaf Trust now owns 40,087 shares of the manufacturing equipment provider’s stock worth $5,550,000 after acquiring an additional 427 shares during the last quarter. Waters Parkerson & CO. LLC grew its position in Applied Materials by 14.1% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 8,977 shares of the manufacturing equipment provider’s stock worth $1,243,000 after acquiring an additional 1,106 shares during the last quarter. Arjuna Capital grew its position in Applied Materials by 3.3% during the 3rd quarter. Arjuna Capital now owns 14,308 shares of the manufacturing equipment provider’s stock worth $1,981,000 after acquiring an additional 458 shares during the last quarter. Finally, Valley Wealth Managers Inc. grew its position in Applied Materials by 3.4% during the 3rd quarter. Valley Wealth Managers Inc. now owns 2,524 shares of the manufacturing equipment provider’s stock worth $349,000 after acquiring an additional 84 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Applied Materials from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. TD Cowen upped their price target on Applied Materials from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley upped their price target on Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Bank of America upped their price target on Applied Materials from $222.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Susquehanna upped their price target on Applied Materials from $160.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $219.04.

Check Out Our Latest Stock Report on AMAT

About Applied Materials

(Get Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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