Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on October 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on October 4th.
Representative Marjorie Taylor Greene also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 10/4/2024.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 9/20/2024.
- Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 9/20/2024.
- Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 9/20/2024.
Applied Materials Stock Performance
AMAT traded down $1.35 on Thursday, hitting $183.24. 9,721,794 shares of the company traded hands, compared to its average volume of 6,102,351. The company has a 50 day moving average of $195.71 and a 200-day moving average of $209.36. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $151.72 billion, a PE ratio of 21.06, a PEG ratio of 2.66 and a beta of 1.54. Applied Materials, Inc. has a 12-month low of $129.21 and a 12-month high of $255.89.
Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 8.49 earnings per share for the current year.
Applied Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials's dividend payout ratio is presently 18.39%.
Hedge Funds Weigh In On Applied Materials
A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. Swedbank AB acquired a new position in Applied Materials in the first quarter valued at approximately $773,611,000. Wellington Management Group LLP raised its holdings in Applied Materials by 3,940.1% during the fourth quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider's stock worth $352,626,000 after purchasing an additional 2,121,912 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Applied Materials by 126.4% during the first quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider's stock worth $464,974,000 after purchasing an additional 1,259,111 shares in the last quarter. Vanguard Group Inc. raised its holdings in Applied Materials by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider's stock worth $12,012,171,000 after purchasing an additional 973,218 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Applied Materials during the first quarter worth approximately $162,873,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AMAT shares. UBS Group cut their target price on Applied Materials from $220.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of Applied Materials in a research note on Tuesday, October 8th. Needham & Company LLC reissued a "buy" rating and set a $260.00 target price on shares of Applied Materials in a research note on Friday, August 16th. Wells Fargo & Company cut their target price on Applied Materials from $260.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus cut their target price on Applied Materials from $275.00 to $270.00 and set a "buy" rating for the company in a research note on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.14.
Check Out Our Latest Research Report on Applied Materials
About Representative Greene
Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.
About Applied Materials
(
Get Free Report)
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.
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