FTSE 100 today: Edges higher as pound slips; Mitchells & Butlers jumps on results
Teri A. Little, SVP, CLO of Applied Materials INC /DE (NASDAQ:AMAT), sold 4,000 shares of common stock on November 25, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $238.2355, for a total transaction value of $952942.
Following the transaction, Little directly owns 84,351 shares of Applied Materials. This number includes 57,492 performance share units and restricted stock units that will be converted into common stock upon vesting in the future. Vesting is scheduled to occur in installments from December 2025 through 2027.
In other recent news, Applied Materials reported fiscal fourth-quarter results that modestly exceeded both analyst and consensus estimates. This performance was driven by quarter-over-quarter strength in DRAM, which helped counterbalance declines in the China and Foundry-Logic segments. Meanwhile, UBS upgraded Applied Materials from Neutral to Buy, raising its price target to $285, based on a strong outlook for wafer fab equipment demand in the coming years. UBS anticipates a more than 20% year-over-year increase in wafer fab equipment demand by 2026, fueled largely by memory chip production.
However, not all analysts were equally optimistic. Craig-Hallum downgraded the stock from Buy to Hold, maintaining a $190 price target, citing expectations of a similar business environment to last year, with growth in leading-edge foundry logic, DRAM, and advanced packaging. Concerns were also raised about the company’s market share loss, particularly in China, as noted by UBS, which maintained a Neutral rating and $250 price target. Despite these challenges, Macquarie raised its price target on Applied Materials to $44, maintaining an Outperform rating, citing improving revenue metrics. Stifel, on the other hand, reiterated a Buy rating with a $250 price target, reflecting a positive outlook on the company’s future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.