Applied Materials (NASDAQ:AMAT) Shares Acquired Rep. John McGuire

Key Points

• Rep. John McGuire purchased $1,001–$15,000 of Applied Materials stock on July 15 in a Merrill Lynch SEP IRA, while separately reporting sales of Palo Alto Networks and BlackRock shares.
• Applied Materials reported quarterly revenue of $7.91 billion and EPS of $2.86, exceeding analyst estimates, with revenue up 11.4% year over year. The company also declared a quarterly dividend of $0.53 per share, equal to a 0.4% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $603.23, although valuation and competitive pressures remain concerns; insiders have sold $169.7 million of stock over the past 90 days.

Representative John McGuire (Republican-Virginia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on August 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on July 15th. The trade occurred in the Representative's "MERRILL LYNCH SEP IRA" account.

Representative John McGuire also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 7/31/2026.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/14/2026.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/10/2026.

Applied Materials Stock Up 0.7%

AMAT opened at $525.61 on Wednesday. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The stock has a market cap of $417.31 billion, a P/E ratio of 49.35, a P/E/G ratio of 1.32 and a beta of 1.61. The stock's 50 day moving average price is $561.46 and its 200 day moving average price is $441.34.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter in the previous year, the business earned $2.39 EPS. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts predict that Applied Materials, Inc. will post 12.17 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's dividend payout ratio is 19.91%.

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares of the company's stock, valued at approximately $79,534,609.56. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of the company's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the transaction, the insider directly owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,088 shares of company stock valued at $169,654,805 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in shares of Applied Materials during the 4th quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Applied Materials in the 4th quarter worth approximately $26,000. Harborfront Financial Group LLC bought a new stake in shares of Applied Materials in the 2nd quarter worth approximately $27,000. Financial Freedom LLC acquired a new stake in Applied Materials during the first quarter valued at approximately $28,000. Finally, Joseph Group Capital Management bought a new stake in Applied Materials during the fourth quarter worth approximately $31,000. Institutional investors own 80.56% of the company's stock.

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of recent analyst reports. Wolfe Research lifted their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Bank of America increased their target price on shares of Applied Materials from $540.00 to $720.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Erste Group Bank cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. HSBC reaffirmed a "buy" rating and issued a $683.00 price target on shares of Applied Materials in a research note on Monday, July 27th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $645.00 price objective on shares of Applied Materials in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $603.23.

Key Applied Materials News

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: AI and semiconductor demand remain key bullish catalysts. Jim Cramer highlighted Applied Materials alongside Lam Research and KLA as beneficiaries of data-center memory bottlenecks and expected demand for chipmaking equipment. The company’s broad technology portfolio and exposure to AI infrastructure continue to support the long-term growth case. Jim Cramer semiconductor equipment analysis
• Positive Sentiment: Analyst earnings expectations have improved. A report indicated that an analyst raised the fiscal 2027 EPS forecast, while pre-earnings estimates call for approximately $9 billion in quarterly revenue and $3.39 in EPS. These expectations imply continued year-over-year growth and could support the shares if management delivers or raises guidance. Applied Materials EPS forecast update
• Positive Sentiment: Applied Materials expanded its chip-innovation ecosystem. UC Berkeley will join the company’s EPIC Center, giving researchers access to industry-scale equipment and process-integration capabilities. The collaboration could accelerate semiconductor research and commercialization, although the financial benefit is longer term. UC Berkeley joins Applied Materials EPIC Center
• Neutral Sentiment: Options markets are anticipating a significant earnings-related move. Traders expect substantial volatility around Thursday’s results, as investors assess revenue, EPS, margins, orders and fiscal 2026 guidance. Applied Materials expected earnings move
• Negative Sentiment: Valuation and competitive risks are limiting enthusiasm. William Blair initiated coverage with a Market Perform rating, citing strong AI-driven fundamentals but arguing that valuation and competition cap upside. With a trailing P/E near 49, the stock may require an earnings beat and constructive outlook to regain momentum. William Blair Applied Materials rating

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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