Applied Materials (NASDAQ:AMAT) Stock Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on June 11th, the Senator disclosed that they had bought between $15,001 and $50,000 in Applied Materials stock on May 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of LPL Financial NASDAQ: LPLA on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Chevron NYSE: CVX on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Zoetis NYSE: ZTS on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of L3Harris Technologies NYSE: LHX on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of ConocoPhillips NYSE: COP on 5/13/2025.
• Sold $500,001 - $1,000,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 5/13/2025.

Applied Materials Trading Up 0.4%

AMAT traded up $0.71 during trading on Wednesday, reaching $187.85. 2,157,225 shares of the company's stock were exchanged, compared to its average volume of 7,089,247. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $221.95. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $150.75 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. The firm has a fifty day moving average price of $175.89 and a two-hundred day moving average price of $166.02.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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 net margin of 24.06% and a return on equity of 40.15%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $2.09 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials's dividend payout ratio is currently 22.38%.

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently modified their holdings of AMAT. Vanguard Group Inc. lifted its stake in Applied Materials by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 77,039,667 shares of the manufacturing equipment provider's stock valued at $12,528,961,000 after acquiring an additional 487,358 shares during the period. Geode Capital Management LLC grew its position in shares of Applied Materials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 20,079,451 shares of the manufacturing equipment provider's stock worth $3,260,178,000 after acquiring an additional 253,078 shares during the last quarter. Northern Trust Corp raised its stake in shares of Applied Materials by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider's stock worth $1,663,780,000 after buying an additional 1,602,645 shares during the last quarter. Norges Bank acquired a new position in Applied Materials in the 4th quarter valued at about $1,588,422,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Applied Materials by 7.6% during the 4th quarter. Alliancebernstein L.P. now owns 8,338,520 shares of the manufacturing equipment provider's stock worth $1,356,094,000 after purchasing an additional 587,036 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the company's 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 completion of the sale, the chief accounting officer directly owned 5,300 shares of the company's stock, valued at $946,580. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Cantor Fitzgerald set a $220.00 price objective on shares of Applied Materials and gave the company an "overweight" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group started coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 price target on the stock. Barclays cut their price target on shares of Applied Materials from $190.00 to $160.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded Applied Materials from a "hold" rating to a "buy" rating and set a $195.00 price objective on the stock in a research report on Friday, March 28th. Finally, Mizuho raised their price objective on Applied Materials from $195.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $204.74.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.

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