The Company holds 54.49 million shares outstanding. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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In other news, Director Thomas J. Iannotti sold 15,000 shares of Applied Materials stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $23.67, for a total transaction of $355,050.00. Following the transaction, the director now owns 70,659 shares in the company, valued at approximately $1,672,498.53. The disclosure for this sale can be found here.
The share price of Applied Materials, Inc.
The combination of strong orders and solid guidance was enough to send Applied Materials shares soaring some 5.3% in the after-hour session Thursday, reaching a high of $29.17. The Market Capitalization of the company stands at 30.81 Billion.
Put Sell: However, if you’re not sold on AMAT’s rally, or if a more neutral-to-bullish stance fits your outlook for Applied Materials earnings report, an August 19 series $25 strike put sell may be more of a fit. In addition, Mr. Daryanani expects foundry orders to increase 24% quarter-over-quarter to $560 million and is expecting logic segment to grow 12 percent QoQ to $243 million, driven by 10 nm ramps at Intel and Taiwan Semiconductor Manufacturing Company. Third-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.48 and $2.84 billion in revenues. Revenue jumped 13.3% from past year to $2.82 billion, and were roughly in-line with analyst expectations.
Applied Materials, Inc. (NASDAQ:AMAT) now has mean rating of 1.9 while 16 analyst have recommended the shares as “BUY”, 5 commented as “OUTPERFORM” and 2 commented as “HOLD”. The debt-to-equity ratio (D/E) was recorded at 0.79. ATR value of corporation was 0.42. MD boosted its stake in shares of Applied Materials by 39.8% in the fourth quarter. The Average price target is noted at $71.1, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $64.13. Now shares have been rated as “Buy” from 0 Analysts.
Investors should note that on Jun 9, 2016, Applied Materials announced a cash dividend of $0.1000. About 14,137 shares traded hands.
A number of other research firms have also recently commented on AMAT. The price target suggests a potential upside of 8.38% from Applied Materials (AMAT)’s last close price.
US based company, Applied Materials, Inc.’s (AMAT)’s latest closing price was 34.02% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 9.32% and 3.80% compared with the 20 Day Moving Average. Bank of America Corp. restated a “buy” rating on shares of Applied Materials in a research report on Monday, June 6th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock has a consensus analyst price target of $51.75for twelve month.
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Applied said half its backlog was for its “semiconductor systems”, 15% for its “global services”, and 33% for “display”, with 2% for “other”.
