Applied Materials (NASDAQ:AMAT) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Applied Materials stock on March 13th.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Applied Materials Stock Down 0.5 %

Shares of AMAT traded down $0.73 during mid-day trading on Friday, reaching $137.46. The company's stock had a trading volume of 6,485,904 shares, compared to its average volume of 6,642,142. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.96. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $255.89. The stock has a market cap of $111.68 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61. The company's 50 day moving average is $153.59 and its 200 day moving average is $171.20.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. Equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials declared that its board has initiated a stock buyback program on Monday, March 10th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the manufacturing equipment provider to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Applied Materials's previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 1.34%. Applied Materials's dividend payout ratio (DPR) is currently 24.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMAT. Crews Bank & Trust acquired a new position in Applied Materials during the fourth quarter worth about $28,000. FPC Investment Advisory Inc. acquired a new position in shares of Applied Materials during the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in Applied Materials in the 4th quarter valued at approximately $32,000. City Holding Co. acquired a new stake in Applied Materials during the 4th quarter valued at $39,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Applied Materials during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMAT. The Goldman Sachs Group dropped their price objective on Applied Materials from $230.00 to $202.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Citigroup decreased their price objective on Applied Materials from $202.00 to $170.00 and set a "buy" rating for the company in a report on Friday, April 11th. Bank of America lowered their price objective on shares of Applied Materials from $205.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday. Jefferies Financial Group raised shares of Applied Materials from a "hold" rating to a "buy" rating and set a $195.00 target price for the company in a report on Friday, March 28th. Finally, Mizuho lowered their price target on Applied Materials from $220.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $210.29.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 271 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $172.72, for a total transaction of $46,807.12. Following the completion of the sale, the chief accounting officer now owns 6,479 shares of the company's stock, valued at approximately $1,119,052.88. This represents a 4.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary E. Dickerson purchased 50,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $137.30 per share, with a total value of $6,865,000.00. Following the completion of the transaction, the chief executive officer now owns 1,716,058 shares in the company, valued at $235,614,763.40. This trade represents a 3.00 % increase in their position. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.