Rep. Marjorie Taylor Greene Buys Applied Materials, Inc. (NASDAQ:AMAT) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on April 9th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Cummins NYSE: CMI on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Devon Energy NYSE: DVN on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/8/2025.

Applied Materials Trading Down 0.5 %

NASDAQ AMAT traded down $0.73 during trading on Friday, hitting $137.46. 6,485,904 shares of the company's stock traded hands, compared to its average volume of 6,643,842. The stock has a fifty day moving average of $152.67 and a two-hundred day moving average of $170.78. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $255.89. The firm has a market cap of $111.68 billion, a P/E ratio of 17.97, a PEG ratio of 1.81 and a beta of 1.61. 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 (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. As a group, sell-side analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials announced that its board has authorized a stock repurchase program on Monday, March 10th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the manufacturing equipment provider to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Applied Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.84 annualized dividend and a dividend yield of 1.34%. This is a positive change from Applied Materials's previous quarterly dividend of $0.40. Applied Materials's dividend payout ratio (DPR) is currently 24.05%.

Hedge Funds Weigh In On Applied Materials

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

Insider Buying and Selling at Applied Materials

In other news, CEO Gary E. Dickerson purchased 50,000 shares of Applied Materials stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price 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 directly owns 1,716,058 shares of the company's stock, valued at approximately $235,614,763.40. The trade was a 3.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Adam Sanders sold 450 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $144.83, for a total value of $65,173.50. Following the completion of the transaction, the chief accounting officer now directly owns 6,077 shares in the company, valued at $880,131.91. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMAT. Mizuho lowered their price target on shares of Applied Materials from $220.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Citigroup lowered their price objective on shares of Applied Materials from $202.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group cut their target price on Applied Materials from $230.00 to $202.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group upgraded Applied Materials from a "hold" rating to a "buy" rating and set a $195.00 price target on the stock in a report on Friday, March 28th. Finally, KeyCorp upgraded Applied Materials from a "sector weight" rating to an "overweight" rating and set a $225.00 price objective for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.29.

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, 2027. 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 2026 election.

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.