Sen. John Boozman Sells Applied Materials, Inc. (NASDAQ:AMAT) Shares

Senator John Boozman (R-Arkansas) recently sold shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on January 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Applied Materials stock on December 23rd.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of JPMorgan BetaBuilders Europe ETF BATS: BBEU on 11/20/2024.
• Sold $1,001 - $15,000 in shares of Vanguard FTSE Emerging Markets ETF NYSEARCA: VWO on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of iShares MSCI All Country Asia ex Japan ETF NASDAQ: AAXJ on 11/20/2024.
• Sold $1,001 - $15,000 in shares of Skyworks Solutions NASDAQ: SWKS on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 11/13/2024.

Applied Materials Price Performance

Shares of AMAT stock traded up $4.67 on Wednesday, reaching $178.32. The company had a trading volume of 5,906,286 shares, compared to its average volume of 5,757,646. The business's 50-day moving average is $173.43 and its 200 day moving average is $191.74. Applied Materials, Inc. has a one year low of $149.84 and a one year high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $145.10 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.12 earnings per share. Equities research analysts forecast that Applied Materials, Inc. will post 9.48 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Applied Materials's dividend payout ratio is currently 18.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on AMAT. Mizuho lowered their target price on Applied Materials from $220.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of Applied Materials in a research note on Friday, November 15th. The Goldman Sachs Group cut their target price on shares of Applied Materials from $230.00 to $202.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Evercore ISI dropped their price target on shares of Applied Materials from $260.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, November 15th. Finally, Needham & Company LLC reduced their price objective on shares of Applied Materials from $240.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average price target of $218.24.

Institutional Trading of Applied Materials

Large investors have recently modified their holdings of the stock. Fairfield Financial Advisors LTD acquired a new stake in Applied Materials in the second quarter worth $28,000. Clean Yield Group bought a new position in shares of Applied Materials during the 3rd quarter worth about $33,000. First PREMIER Bank grew its stake in shares of Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider's stock valued at $33,000 after buying an additional 124 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Applied Materials in the 3rd quarter valued at about $37,000. Finally, DT Investment Partners LLC increased its position in Applied Materials by 592.9% in the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider's stock valued at $39,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.