Applied Materials Inc /de (AMAT) Files Form 4 Insider Selling : Ali Salehpour Sells 35,505 Shares

Applied Materials Inc /de (AMAT): Ali Salehpour , Sr. VP, GM New Mrkts & Service of Applied Materials Inc /de sold 35,505 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $24.07 per share for a total value of $854,427.38 , 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 22, 2016, Ali Salehpour (Sr. VP, GM New Mrkts & Service) sold 35,504 shares at $23.94 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.

Shares of Applied Materials (AMAT) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.29 points or -5.26% at $23.23 with 3,57,22,847 shares getting traded. Post opening the session at $23.5, the shares hit an intraday low of $23.145 and an intraday high of $23.96 and the price vacillated in this range throughout the day. The company has a market cap of $25,301 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

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 Upgraded by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $24 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 27, 2016.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 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.

Leave a Reply

Applied Materials - Is it time to Sell?

Top Brokerage Firms are advising their investors on Applied Materials. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.