Applied Materials Inc /de (AMAT): Ali Salehpour , Sr. VP, GM New Mrkts & Service of Applied Materials Inc /de sold 35,504 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $23.94 per share for a total value of $850,143.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Ali Salehpour (Sr. VP, GM New Mrkts & Service) sold 40,000 shares at $24.37 per share price.On May 27, 2016, Thomas J Iannotti (director) sold 15,000 shares at $23.67 per share price.Also, On May 25, 2016, Stephen R Forrest (director) sold 5,000 shares at $22.86 per share price.On Apr 7, 2016, Susan M. James (director) sold 8,980 shares at $20.78 per share price.
Applied Materials: On Monday, Jun 20, 2016 heightened volatility was witnessed in Applied Materials which led to swings in the share price. The shares opened for trading at $23.87 and hit $23.96 on the upside , eventually ending the session at $23.63, with a gain of 0.85% or 0.2 points. The heightened volatility saw the trading volume jump to 1,30,20,721 shares. The 52-week high of the share price is $24.65 and the company has a market cap of $25,736 M . The 52-week low of the share price is at $14.25.
On Jun 9, 2016, Applied Materials announced a cash dividend of $0.1000. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.
Company has been under the radar of several Street Analysts.Applied Materials is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 .The Rating was issued on Jun 10, 2016.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 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.