Among Stocks Insiders Bought in April After Trump’s Tariff Rollout
Applied Materials, Inc. (NASDAQ:AMAT) is one of the stocks that insiders bought in April after President Trump’s tariff rollout. The company ranks sixth on the list of 20 stocks that insiders purchased during this period. Applied Materials is a leading supplier of manufacturing equipment, software, and services for the semiconductor and display industries. With headquarters in Santa Clara, California, the company operates in three main segments: Semiconductor Systems, Applied Global Services, and Display.
During this turbulent time of trade wars and market uncertainty, insider trading becomes a focal point for investors. When executives buy stock in their own company, it can indicate confidence in the company’s future prospects. Conversely, insider sales may not necessarily be a negative signal, as they could be due to personal reasons or investment diversification. It is essential to consider insider trading in conjunction with the company’s financial health and overall market conditions.
In April, Applied Materials’ president and CEO purchased a substantial amount of company shares, totaling $6.87 million at an average price of $137.50 per share. Currently, the stock is trading at $132.85 per share, reflecting a year-to-date loss of 18.31% and a 36.45% decline over the past 12 months. For the first quarter of fiscal 2025, Applied Materials reported net revenue of $7.17 billion, up from $6.71 billion in the same quarter of fiscal 2024. The company’s gross margin also improved to 48.8% from 47.8% in the previous year, while net income decreased to $1.19 billion from $2.02 billion in the first quarter of fiscal 2024. Applied Materials stock currently trades at a forward price-to-earnings ratio of 14, based on accurate forward earnings estimates.
Analysts remain bullish on Applied Materials, with 21 rating the stock as a “Buy” and setting a price target of $214.67, indicating a potential upside of 54.26% from the current price. Despite its positive outlook, some investors believe that AI stocks offer greater potential for higher returns in a shorter time frame compared to Applied Materials. If you are interested in exploring an AI stock with significant upside potential trading at less than 5 times its earnings, consider checking out Insider Monkey’s report on the cheapest AI stock poised for massive gains.
In conclusion, while Applied Materials ranks sixth among the stocks that insiders bought in April after Trump’s tariff rollout, the focus on AI stocks for potentially higher returns remains strong. For more insights on the best AI stocks to buy now and other investment opportunities, refer to Insider Monkey’s curated list of top stock picks. Please note that this article is originally published on the Insider Monkey website.
