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

Applied Materials, Inc. (NASDAQ:AMAT) SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction 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 transaction, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Shares of NASDAQ:AMAT opened at $592.92 on Thursday. The firm has a market cap of $470.75 billion, a PE ratio of 55.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.67. The firm’s fifty day moving average is $441.16 and its 200-day moving average is $360.55. 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, Inc. has a 52 week low of $154.46 and a 52 week high of $623.35.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. Applied Materials’s revenue was up 11.4% compared to the same quarter last year. 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. Sell-side analysts predict that Applied Materials, Inc. will post 12.1 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. 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 0.4%. Applied Materials’s dividend payout ratio is 19.91%.

Institutional Investors Weigh In On Applied Materials

Several hedge funds and other institutional investors have recently bought and sold shares of AMAT. Cornerstone Financial Management LLC bought a new stake in Applied Materials in the fourth quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in Applied Materials in the third quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in Applied Materials in the fourth quarter valued at $26,000. Financial Freedom LLC bought a new stake in Applied Materials in the first quarter valued at $28,000. Finally, Highline Wealth Partners LLC increased its stake in Applied Materials by 48.7% in the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 38 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Key Applied Materials News

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

• Positive Sentiment: Applied Materials benefited from a Citi target increase and broader enthusiasm around AI infrastructure spending, with investors viewing the company as well-positioned for sustained demand in semiconductor equipment. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: The company unveiled SENZ, a new integrated visual system for next-generation smart glasses, and announced a long-term partnership with EssilorLuxottica, creating a potential growth avenue beyond its core chipmaking tools business. EssilorLuxottica and Applied Materials Join Forces to Advance Augmented Reality Optics Platforms for Next-Generation Smart Glasses
• Positive Sentiment: Several recent articles highlighted strong fundamentals, record results, and optimism that Applied Materials is a key beneficiary of the AI equipment super-cycle, reinforcing the stock’s bullish momentum. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle
• Neutral Sentiment: Multiple insiders, including CEO Gary Dickerson, sold shares totaling about $65 million, which can raise questions about near-term valuation even though the sales were relatively small versus their remaining holdings. Why Applied Materials Insiders Sold $65 Million Worth of Stock
• Negative Sentiment: CEO Gary Dickerson sold 71,727 shares at about $593.75 per share, adding to the day’s insider-sale headlines and potentially putting some pressure on sentiment. Gary Dickerson Sells 71,727 Shares of Applied Materials (NASDAQ:AMAT) Stock

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMAT shares. KeyCorp boosted their price objective on Applied Materials from $450.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. UBS Group raised their target price on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Applied Materials from $450.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Argus increased their price target on Applied Materials from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group raised their price objective on shares of Applied Materials from $390.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus price target of $489.16.

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.