Judy Bruner Sells 1,000 Shares of Applied Materials (NASDAQ:AMAT) Stock

Key Points

• Director Judy Bruner sold 1,000 Applied Materials shares at an average price of $465, generating $465,000 and reducing her stake by 3.77% to 25,544 shares.
• Applied Materials reported a quarterly earnings beat, with $3.50 EPS and $9.12 billion in revenue; revenue increased 24.8% year over year.
• Despite the insider sale and a recent share-price decline to $454.01, analysts maintain a “Moderate Buy” consensus with an average price target of $658.45, while institutional investors own 80.56% of the stock.

Applied Materials, Inc. (NASDAQ:AMAT - Get Free Report) Director Judy Bruner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the completion of the transaction, the director owned 25,544 shares in the company, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Applied Materials Stock Performance

AMAT traded down $14.84 during trading on Thursday, reaching $454.01. 4,836,212 shares of the company's stock were exchanged, compared to its average volume of 8,076,247. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 1 year low of $164.00 and a 1 year high of $739.67. The company's fifty day simple moving average is $519.80 and its 200-day simple moving average is $463.43. The stock has a market capitalization of $360.30 billion, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, research analysts predict that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Institutional Trading of Applied Materials

Several institutional investors have recently bought and sold shares of AMAT. Caldwell Investment Management Ltd. acquired a new position in shares of Applied Materials during the 2nd quarter worth about $1,589,000. Ausdal Financial Partners Inc. acquired a new stake in Applied Materials in the 2nd quarter worth about $4,005,000. Evolve Private Wealth LLC boosted its holdings in Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider's stock worth $983,000 after buying an additional 1,067 shares during the last quarter. WealthPlan Investment Management LLC purchased a new stake in Applied Materials during the 4th quarter worth approximately $1,082,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Applied Materials by 183.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock valued at $790,000 after acquiring an additional 1,990 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMAT has been the subject of several analyst reports. Erste Group Bank cut Applied Materials from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Wolfe Research raised their target price on Applied Materials from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Sanford C. Bernstein lifted their price target on Applied Materials from $675.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $605.00 price objective on shares of Applied Materials in a research report on Friday, August 14th. Finally, Bank of America cut their target price on shares of Applied Materials from $720.00 to $650.00 and set a "buy" rating for the company in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $658.45.

Applied Materials Company Profile

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.

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