Applied materials director Judy Bruner sells $465,000 in shares By Investing.com

Judy Bruner, a director at Applied Materials (), recently sold shares of the company’s common stock.

On September 8, 2026, Bruner disposed of 1,000 shares at a price of $465.0 per share. This transaction amounted to a total value of $465,000. The stock currently trades at $454.01, down from the transaction price, though shares have surged 168% over the past year. According to InvestingPro analysis, Applied Materials appears overvalued at current levels based on its Fair Value assessment. The company, valued at $360.3 billion, trades at a P/E ratio of 39.3. InvestingPro offers 18 additional exclusive tips and comprehensive Pro Research Reports for AMAT, available among 1,400+ US equities analyzed on the platform.

Following this sale, Bruner indirectly holds 25,544 shares of Applied Materials common stock through a family trust. Additionally, she holds 741 restricted stock units directly. These restricted stock units, which were previously reported, are scheduled to convert into Applied Materials common stock on a one-for-one basis upon vesting in March 2027, provided she continues her service as a director through that date.

In other recent news, Applied Materials reported fiscal third-quarter revenue that modestly exceeded estimates from Stifel, with a 15% sequential rise led by strength in Foundry-Logic. The company issued revenue guidance of $10.25 billion for the upcoming period, surpassing the consensus estimate of $9.4 billion, as noted by Cantor Fitzgerald. However, this guidance fell short of some buy-side expectations, which were as high as $10.5 billion. In response to the company’s positioning in wafer fabrication equipment and the increasing spending on artificial intelligence, Bernstein raised its price target for Applied Materials stock to $700 from $675, maintaining an Outperform rating. Cantor Fitzgerald also reiterated an Overweight rating with a price target of $850. Meanwhile, Stifel reiterated a Buy rating with a $650 price target following the company’s recent earnings report. On a broader industry level, Needham observed growth acceleration in global semiconductor sales, driven by memory, with the 12-month moving average reaching 7.49% in June. Morgan Stanley analysts highlighted Advantest as a standout among Japanese equipment makers, while other companies like Disco, Lasertec, and JEOL reported guidance aligning with forecasts.

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