Prabu G. Raja, President of the Semiconductor Products Group at Applied Materials Inc. (AMAT), executed a sale of 10,000 shares of the company's stock on June 18, 2026. The transaction, valued at approximately $6.34 million, occurred at an average price of $633.53 per share.
This sale by Mr. Raja follows recent insider selling activity at Applied Materials. Gary E. Dickerson, the company's CEO, also made multiple sales totaling over $15 million in mid-June.
Insider sales can be driven by various factors, including portfolio diversification, tax obligations, or pre-arranged trading plans, and do not necessarily indicate a negative outlook on the company's performance.