19 Mid- And Large-Cap Stocks Insiders Are Buying After Trump’s Tariff Rollout

6. Applied Materials, Inc. (NASDAQ:AMAT)

Market Cap: $117.42 billion

Applied Materials, founded in 1967 and headquartered in Santa Clara, California, provides equipment, software, and services for the semiconductor and display industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display, supporting chip fabrication, equipment optimization, and advanced display technologies. The company serves customers globally, including in the U.S., China, Korea, Taiwan, and Europe. Applied Materials is also one of the 30 best AI stocks to buy according to billionaires.

In March, Applied Materials announced a 15% increase in its quarterly dividend to $0.46 per share, payable on June 12, 2025, continuing its eight-year streak of dividend growth. The company also authorized a new $10 billion share repurchase program, adding to the $7.6 billion still available from its previous buyback plan.

On April 3, the company’s president and CEO E Gary Dickerson acquired shares first time in nearly a decade, when he bought $6.87 million worth of Applied Materials shares at a price of $137.50. The stock price was declining even before April’s tariffs, as it had lost 29.73% over the past 12 months. Currently, it trades at $144.53, having gained 171.67% over the last five years.

In the first quarter of fiscal 2025, Applied Materials generated $7.17 billion in revenue, up from $6.71 billion in the same quarter a year earlier. Gross margin improved to 48.8%, compared to 47.8% in the prior-year period. However, net income declined to $1.19 billion from $2.02 billion in Q1 of fiscal 2024.

According to 21 analysts’ estimates, Applied Materials stocks is a “Buy” with a price target of $213.14, reports StockAnalysis. The average price targets suggest an increase of 47.47% from the latest price.