Applied Materials appointed Jim Anderson to its board of directors, enhancing strategic expertise in technology and semiconductors.
Quiver AI Summary
Applied Materials, Inc. has appointed Jim Anderson to its board of directors, bringing over 25 years of experience in the technology and semiconductor sectors. He will also join the board’s Strategy and Investment Committee. Chairman Tom Iannotti expressed excitement about Anderson's extensive background in innovation-driven technology, which will aid Applied Materials as it pursues growth opportunities. Currently, Anderson is the CEO of Coherent Corp. and has held leadership roles at Lattice Semiconductor, AMD, Intel, Broadcom, and LSI Corporation. He has advanced degrees from MIT and Purdue University and a bachelor's degree from the University of Minnesota.
Potential Positives
- Jim Anderson's appointment to the board brings over 25 years of relevant industry experience, which could enhance strategic decision-making at Applied Materials.
- His background in technology and semiconductor ecosystems is particularly valuable as Applied Materials seeks to scale and capitalize on emerging opportunities.
- The addition of Mr. Anderson to the board’s Strategy and Investment Committee indicates a commitment to innovation and growth, aligning with the company's focus on advanced technologies.
Potential Negatives
- None
FAQ
Who has been appointed to the board of Applied Materials?
Jim Anderson has been appointed to serve on the board of directors of Applied Materials, Inc.
What is Jim Anderson's role in the company?
Jim Anderson has also been appointed to the board’s Strategy and Investment Committee.
What experience does Jim Anderson bring to the board?
Mr. Anderson brings over 25 years of experience in the technology sector and semiconductor ecosystem.
What previous positions has Jim Anderson held?
He has served as CEO of Coherent Corp. and previously led Lattice Semiconductor Corporation.
What is the main focus of Applied Materials?
Applied Materials focuses on materials engineering solutions for semiconductors and advanced displays, essential for AI and next-generation chips.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMAT Congressional Stock Trading
Members of Congress have traded $AMAT stock 15 times in the past 6 months. Of those trades, 10 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $AMAT stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 4 times. They made 4 purchases worth up to $60,000 on 06/06, 05/05, 04/09, 03/17 and 0 sales.
- SENATOR MARKWAYNE MULLIN has traded it 2 times. They made 1 purchase worth up to $50,000 on 05/13 and 1 sale worth up to $100,000 on 04/08.
- REPRESENTATIVE JEFFERSON SHREVE has traded it 5 times. They made 3 purchases worth up to $200,000 on 04/17, 04/11, 03/13 and 2 sales worth up to $200,000 on 05/12, 05/08.
- SENATOR JOHN BOOZMAN has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/19 and 1 sale worth up to $15,000 on 04/16.
- REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 04/08.
- SENATOR ASHLEY MOODY purchased up to $250,000 on 01/22.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$AMAT Insider Trading Activity
$AMAT insiders have traded $AMAT stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $AMAT stock by insiders over the last 6 months:
- GARY E DICKERSON (President and CEO) has made 2 purchases buying 50,000 shares for an estimated $6,865,081 and 0 sales.
- ADAM SANDERS (Corp. Controller & CAO) has made 0 purchases and 3 sales selling 1,283 shares for an estimated $212,355.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMAT Hedge Fund Activity
We have seen 1,056 institutional investors add shares of $AMAT stock to their portfolio, and 980 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,513,638 shares (-85.9%) from their portfolio in Q1 2025, for an estimated $1,090,379,146
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 4,819,994 shares (+inf%) to their portfolio in Q2 2025, for an estimated $882,396,301
- PACER ADVISORS, INC. added 2,944,193 shares (+2401.0%) to their portfolio in Q1 2025, for an estimated $427,261,288
- FISHER ASSET MANAGEMENT, LLC removed 2,873,111 shares (-87.2%) from their portfolio in Q1 2025, for an estimated $416,945,868
- CAPITAL INTERNATIONAL INVESTORS removed 2,787,601 shares (-17.8%) from their portfolio in Q1 2025, for an estimated $404,536,657
- JANUS HENDERSON GROUP PLC removed 2,675,965 shares (-72.9%) from their portfolio in Q1 2025, for an estimated $388,336,040
- GAMMA INVESTING LLC removed 1,808,276 shares (-99.1%) from their portfolio in Q2 2025, for an estimated $331,041,087
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AMAT Analyst Ratings
Wall Street analysts have issued reports on $AMAT in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Cantor Fitzgerald issued a "Overweight" rating on 06/24/2025
- Mizuho issued a "Outperform" rating on 05/16/2025
- Raymond James issued a "Outperform" rating on 05/16/2025
- Citigroup issued a "Buy" rating on 05/16/2025
- Wells Fargo issued a "Overweight" rating on 05/16/2025
- JP Morgan issued a "Overweight" rating on 05/16/2025
- Needham issued a "Buy" rating on 05/16/2025
To track analyst ratings and price targets for $AMAT, check out Quiver Quantitative's $AMAT forecast page.
$AMAT Price Targets
Multiple analysts have issued price targets for $AMAT recently. We have seen 16 analysts offer price targets for $AMAT in the last 6 months, with a median target of $200.0.
Here are some recent targets:
- Vijay Rakesh from Mizuho set a target price of $220.0 on 07/14/2025
- James Schneider from Goldman Sachs set a target price of $225.0 on 07/10/2025
- Joseph Quatrochi from Wells Fargo set a target price of $215.0 on 07/08/2025
- Atif Malik from Citigroup set a target price of $220.0 on 07/07/2025
- Timm Schulze-Melander from Redburn Atlantic set a target price of $200.0 on 07/07/2025
- Joseph Moore from Morgan Stanley set a target price of $169.0 on 07/01/2025
- Matthew Prisco from Cantor Fitzgerald set a target price of $220.0 on 06/24/2025
Full Release
SANTA CLARA, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced the appointment of Jim Anderson to serve on its board of directors. Mr. Anderson brings over 25 years of experience in the technology sector and semiconductor ecosystem. Mr. Anderson has also been appointed to the board’s Strategy and Investment Committee.
“We are excited to welcome Jim to our board,” said Tom Iannotti, Chairman of the Board. “Jim’s extensive experience in innovation-driven technology businesses will be invaluable as we scale Applied Materials and address the tremendous opportunities ahead.”
Mr. Anderson has served as the Chief Executive Officer and a member of the Board of Directors of Coherent Corp., a global leader in photonics for the datacenter, communications and industrial markets, since June 2024. He previously served as a director and as President and Chief Executive Officer of Lattice Semiconductor Corporation since 2018. Prior to joining Lattice, Mr. Anderson was the Senior Vice President and General Manager of the Computing and Graphics Business Group at Advanced Micro Devices, Inc. Prior to that, he held a broad range of leadership positions spanning general management, engineering, sales, marketing and corporate strategy at companies including Intel, Broadcom (formerly Avago Technologies Limited) and LSI Corporation.
Mr. Anderson sits on the Americas Executive Board for the MIT Sloan School of Management and the US-Japan Business Council. Mr. Anderson earned an MBA and Master of Science degree in electrical engineering and computer science from the Massachusetts Institute of Technology, a Master of Science degree in electrical engineering from Purdue University, and a bachelor’s degree in electrical engineering from the University of Minnesota.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at
www.appliedmaterials.com
.
Contact:
Nima Gupta
(editorial/media) 408.250.9579
Liz Morali
(financial community) 408.986.7977
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80d2c0f7-dab5-49c9-a524-5871b003b69a
