Applied Materials Inc /de (AMAT) Files Form 4 Insider Selling : Ali Salehpour Sells 40,000 Shares

Applied Materials Inc /de (AMAT): Ali Salehpour , Sr. VP, GM New Mrkts & Service of Applied Materials Inc /de sold 40,000 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $24.37 per share for a total value of $974,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Thomas J Iannotti (director) sold 15,000 shares at $23.67 per share price.On May 25, 2016, Stephen R Forrest (director) sold 5,000 shares at $22.86 per share price.Also, On Apr 7, 2016, Susan M. James (director) sold 8,980 shares at $20.78 per share price.On Oct 2, 2015, Randhir Thakur (EVP & GM, Silicon Systems) sold 88,435 shares at $14.75 per share price.

Shares of Applied Materials (AMAT) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.53% at $24.39 with 1,61,94,520 shares getting traded. Post opening the session at $24.41, the shares hit an intraday low of $24.11 and an intraday high of $24.47 and the price vacillated in this range throughout the day. The company has a market cap of $26,564 M and the number of outstanding shares has been calculated to be 1,08,91,43,900 shares. The 52-week high of Applied Materials is $24.65 and the 52-week low is $14.25.

Applied Materials Money Flow Index Chart

Company has been under the radar of several Street Analysts.Applied Materials is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 25, 2016.Applied Materials is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 .The Rating was issued on May 20, 2016.Applied Materials is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 .The Rating was issued on May 20, 2016.Applied Materials is Downgraded by Susquehanna to Negative. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 19, 2016.Applied Materials is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 .The Rating was issued on Apr 18, 2016.

Applied Materials Inc. (Applied) provides manufacturing equipment services and software to the global semiconductor flat panel display solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group Applied Global Services Display and Energy and Environmental Solutions. The Silicon Systems Group segment develops manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays organic light-emitting diodes and other display technologies for televisions personal computers tablets smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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