Rep. Jonathan L. Jackson Sells Applied Materials, Inc. (NASDAQ:AMAT) Stock

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on December 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Applied Materials stock on November 27th. The trade occurred in the Representative's "MORGAN STANLEY TRUST ACCOUNT" account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 11/27/2024.
• Sold $15,001 - $50,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/13/2024.
• Purchased $15,001 - $50,000 in shares of Church & Dwight NYSE: CHD on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/1/2024.
• Purchased $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 10/28/2024.
• Sold $15,001 - $50,000 in shares of ASML NASDAQ: ASML on 10/28/2024.
• Purchased $15,001 - $50,000 in shares of General Dynamics NYSE: GD on 9/24/2024.
• Sold $15,001 - $50,000 in shares of Merck & Co., Inc. NYSE: MRK on 9/24/2024.
• Purchased $15,001 - $50,000 in shares of Aramark NYSE: ARMK on 9/19/2024.
• Sold $15,001 - $50,000 in shares of AES NYSE: AES on 9/19/2024.

Applied Materials Trading Up 0.2 %

NASDAQ:AMAT traded up $0.27 during midday trading on Friday, hitting $169.35. 7,051,664 shares of the company traded hands, compared to its average volume of 6,207,007. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm's fifty day moving average is $182.86 and its 200-day moving average is $201.42. The firm has a market capitalization of $139.61 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.61 and a beta of 1.52. Applied Materials, Inc. has a 12-month low of $148.05 and a 12-month high of $255.89.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to analysts' expectations of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.12 EPS. On average, sell-side analysts predict that Applied Materials, Inc. will post 9.48 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Applied Materials's dividend payout ratio (DPR) is 18.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMAT shares. TD Cowen decreased their price target on Applied Materials from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Wells Fargo & Company decreased their target price on Applied Materials from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Mizuho cut their price target on shares of Applied Materials from $245.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. Evercore ISI decreased their price objective on shares of Applied Materials from $260.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, November 15th. Finally, Dbs Bank downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $220.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMAT. Summit Securities Group LLC acquired a new position in Applied Materials during the 2nd quarter valued at approximately $26,000. Fairfield Financial Advisors LTD acquired a new stake in Applied Materials in the 2nd quarter valued at $28,000. Clean Yield Group acquired a new stake in shares of Applied Materials in the third quarter valued at about $33,000. First PREMIER Bank increased its stake in Applied Materials by 326.3% during the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider's stock worth $33,000 after buying an additional 124 shares in the last quarter. Finally, PSI Advisors LLC increased its position in shares of Applied Materials by 56.0% during the second quarter. PSI Advisors LLC now owns 156 shares of the manufacturing equipment provider's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois' 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson's current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois' 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson's career experience includes working as an investment analyst and an entrepreneur.

About Applied Materials

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.