Rep. Jefferson Shreve Sells Applied Materials, Inc. (NASDAQ:AMAT) Stock

Key Points

• Representative Jefferson Shreve recently sold between $50,001 and $100,000 in shares of Applied Materials (NASDAQ:AMAT) on May 8th, as disclosed in a filing.
• Applied Materials reported $2.39 earnings per share (EPS), exceeding analysts' expectations, along with a quarterly revenue of $7.10 billion.
• The company announced a quarterly dividend of $0.46 per share, which will be paid on September 11th, representing a 0.98% yield.

Representative Jefferson Shreve (R-Indiana) recently sold shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Applied Materials stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded down $2.43 during midday trading on Friday, hitting $185.69. 6,580,937 shares of the company's stock were exchanged, compared to its average volume of 6,161,150. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The stock's 50 day moving average price is $177.59 and its 200-day moving average price is $166.59. The firm has a market cap of $149.02 billion, a P/E ratio of 22.59, a PEG ratio of 2.09 and a beta of 1.69.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.08. Applied Materials had a return on equity of 40.15% and a net margin of 24.06%. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials's dividend payout ratio (DPR) is 22.38%.

Institutional Trading of Applied Materials

A number of institutional investors and hedge funds have recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Applied Materials during the fourth quarter valued at approximately $28,000. Runnymede Capital Advisors Inc. grew its holdings in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials during the first quarter worth about $29,000. Maseco LLP bought a new stake in Applied Materials during the second quarter worth about $30,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 174 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Adam Sanders sold 562 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on AMAT. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Applied Materials in a report on Friday, May 16th. Cantor Fitzgerald set a $220.00 target price on shares of Applied Materials and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Raymond James Financial restated an "outperform" rating and issued a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a research report on Friday, May 16th. B. Riley reduced their target price on Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Barclays reduced their target price on Applied Materials from $190.00 to $160.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.74.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.