Applied Materials (NASDAQ:AMAT) Shares Sold Off Rep. Dan Newhouse

Key Points

• Rep. Dan Newhouse disclosed selling Applied Materials shares worth between $1,001 and $15,000 on July 10 in his Edward Jones IRA account.
• Applied Materials recently reported better-than-expected quarterly results, with EPS of $2.86 and revenue of $7.91 billion, and it issued Q3 guidance calling for $3.16 to $3.56 in EPS.
• The company also announced a quarterly dividend of $0.53 per share, while analysts remain broadly constructive with a Moderate Buy consensus and a target price around $593.84.

Representative Dan Newhouse (Republican-Washington) recently sold shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Applied Materials stock on July 10th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Deere & Company NYSE: DE on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/10/2026.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Hershey NYSE: HSY on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Fortinet NASDAQ: FTNT on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Magna International NYSE: MGA on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Accenture NYSE: ACN on 7/10/2026.

Applied Materials Price Performance

NASDAQ:AMAT opened at $525.70 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $534.76 and its two-hundred day simple moving average is $415.98. The stock has a market cap of $417.38 billion, a PE ratio of 49.36, a P/E/G ratio of 1.35 and a beta of 1.57. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the company posted $2.39 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.14 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

Institutional Investors Weigh In On Applied Materials

A number of hedge funds have recently bought and sold shares of AMAT. Vanguard Group Inc. lifted its holdings in shares of Applied Materials by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider's stock valued at $19,731,523,000 after acquiring an additional 330,197 shares during the last quarter. Capital Research Global Investors increased its stake in Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock worth $8,405,458,000 after acquiring an additional 17,829,377 shares during the last quarter. Morgan Stanley raised its position in Applied Materials by 3.4% during the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider's stock valued at $2,947,891,000 after purchasing an additional 373,012 shares during the period. Norges Bank bought a new stake in shares of Applied Materials in the 4th quarter valued at approximately $2,858,543,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Applied Materials by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider's stock valued at $2,746,769,000 after purchasing an additional 1,558,749 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Applied Materials joined CuspAI’s newly launched AI Materials Foundry as a founding member, a move that could help accelerate semiconductor materials discovery and reinforce AMAT’s role in next-generation chip manufacturing. Applied Materials Joins CuspAI Foundry To Speed Semiconductor Materials Discovery
• Positive Sentiment: Industry commentary from Zacks highlighted AMAT as one of several semiconductor names benefiting from the growing proliferation of AI, which continues to support demand for advanced chips and equipment. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Positive Sentiment: Another Zacks piece pointed to bullish Wall Street views on Applied Materials, suggesting analysts still see solid longer-term fundamentals for the stock. Should You Invest in Applied Materials Based on Bullish Wall Street Views?
• Neutral Sentiment: Applied Materials continues to be viewed favorably by brokerages overall, with a consensus “Moderate Buy” rating, which helps support sentiment but is not a fresh catalyst. Applied Materials Given Consensus Rating of Moderate Buy by Brokerages
• Negative Sentiment: InvestorPlace flagged a bearish seasonal signal for AMAT heading into late July, which may be pressuring sentiment in the near term. Three Stocks Just Flashed Seasonal Signals
• Negative Sentiment: AMAT also appears to be moving with the broader semiconductor downturn, as the SOX index has fallen into a bear market and investors worry the AI-driven rally may be losing momentum. Semiconductor stocks enter bear market: Is bubble burst next?

Wall Street Analyst Weigh In

AMAT has been the subject of several recent analyst reports. Argus upped their price target on Applied Materials from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. KeyCorp lifted their price objective on shares of Applied Materials from $550.00 to $750.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Zacks Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 1st. Jefferies Financial Group raised their target price on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Applied Materials from $400.00 to $515.00 and gave the company an "overweight" rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Applied Materials has an average rating of "Moderate Buy" and a consensus target price of $593.84.

Insider Buying and Selling

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares of the company's stock, valued at $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the transaction, the director owned 40,559 shares in the company, valued at $24,326,071.43. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 278,088 shares of company stock valued at $169,654,805 over the last 90 days. 0.30% of the stock is currently owned by insiders.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Applied Materials Company Profile

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.

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