Applied Materials (NASDAQ:AMAT) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on March 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on March 17th.

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

• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Digital Realty Trust NYSE: DLR on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 3/17/2025.

Applied Materials Price Performance

NASDAQ:AMAT traded up $2.83 during trading hours on Monday, hitting $154.95. The stock had a trading volume of 5,782,546 shares, compared to its average volume of 5,887,018. 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 one year low of $145.37 and a one year high of $255.89. The firm has a market capitalization of $125.89 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.81 and a beta of 1.62. The company has a 50 day simple moving average of $170.32 and a two-hundred day simple moving average of $177.86.

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Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping 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%. Research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the manufacturing equipment provider to repurchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Applied Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from Applied Materials's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, May 22nd. Applied Materials's dividend payout ratio is presently 24.05%.

Institutional Investors Weigh In On Applied Materials

Several institutional investors and hedge funds have recently modified their holdings of AMAT. Crews Bank & Trust purchased a new stake in Applied Materials in the fourth quarter worth about $28,000. FPC Investment Advisory Inc. purchased a new position in shares of Applied Materials in the 4th quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in shares of Applied Materials during the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. purchased a new stake in Applied Materials in the third quarter worth $37,000. Finally, City Holding Co. bought a new position in Applied Materials in the fourth quarter worth $39,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Applied Materials from $250.00 to $235.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on Applied Materials from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Morgan Stanley reissued an "underweight" rating and set a $164.00 price objective (down from $179.00) on shares of Applied Materials in a report on Thursday, December 5th. Sanford C. Bernstein cut their target price on Applied Materials from $220.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, November 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Applied Materials from $230.00 to $202.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.38.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 271 shares of Applied Materials stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 6,479 shares of the company's stock, valued at $1,119,052.88. This trade represents a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company's stock.

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.

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.