Rep. Marjorie Taylor Greene Buys Applied Materials, Inc. (NASDAQ:AMAT) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on December 24th.

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

• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 12/24/2024.

Applied Materials Stock Down 0.6 %

Shares of AMAT stock traded down $1.01 on Tuesday, reaching $162.63. 3,562,535 shares of the company's stock traded hands, compared to its average volume of 6,211,504. The business's 50 day moving average price is $176.34 and its two-hundred day moving average price is $196.89. The company has a market capitalization of $132.33 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. Applied Materials, Inc. has a 12-month low of $148.05 and a 12-month high of $255.89.

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 company had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.48 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Applied Materials's dividend payout ratio (DPR) is presently 18.58%.

Institutional Investors Weigh In On Applied Materials

A number of institutional investors have recently added to or reduced their stakes in AMAT. State Street Corp raised its holdings in shares of Applied Materials by 1.8% in the third quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider's stock valued at $7,841,178,000 after buying an additional 672,548 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Applied Materials by 1.9% in the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider's stock worth $3,994,968,000 after acquiring an additional 371,866 shares during the last quarter. FMR LLC lifted its position in shares of Applied Materials by 5.5% during the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider's stock worth $3,316,269,000 after purchasing an additional 858,122 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Applied Materials by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider's stock valued at $1,790,554,000 after purchasing an additional 318,445 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Applied Materials by 29.8% in the third quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider's stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on AMAT. Stifel Nicolaus lowered their price target on shares of Applied Materials from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Dbs Bank downgraded Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 16th. TD Cowen lowered their price target on Applied Materials from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Sanford C. Bernstein cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. Finally, StockNews.com downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, September 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $220.29.

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, 2025. 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 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.