Significant Insider Sales Reported in Shares of Applied Materials (AMAT) Extending the Trend of Last Quarter

Wednesday, January 03, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Applied Materials (AMAT) Extending the Trend of Last Quarter

There was significant selling of Applied Materials shares by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders — Dr Omkaram Nalamasu, Officer, and Ali Salehpour, Officer — sold 178,591 shares in the company having a market value of approximately $9,273,882. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 35,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 213,591 shares and have averaged 53,398 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Applied Materials is greater than the 4-company peer group average. Semiconductor Machinery Manufacturing peer group saw 2 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Applied Materials insiders was also higher. Within the peer group there were 0 shares purchased and 35,000 shares sold with company insiders having sold 17,500 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.

Today’s Insider Activity
* Dr Omkaram Nalamasu, Officer, sold 53,466 shares
* Ali Salehpour, Officer, sold 125,125 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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