Applied Materials (NASDAQ:AMAT) Stock Unloaded Rep. Jefferson Shreve

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 12th. 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 Price Performance

AMAT traded up $0.82 on Wednesday, hitting $187.96. 2,157,225 shares of the company's stock traded hands, compared to its average volume of 7,089,352. 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 firm has a market cap of $150.83 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.14 and a beta of 1.69. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $221.95. The company's 50 day simple moving average is $175.89 and its 200-day simple moving average is $166.02.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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

Institutional Trading of Applied Materials

A number of large investors have recently bought and sold shares of AMAT. Jacobi Capital Management LLC lifted its holdings in shares of Applied Materials by 51.2% during the fourth quarter. Jacobi Capital Management LLC now owns 18,785 shares of the manufacturing equipment provider's stock worth $3,055,000 after buying an additional 6,364 shares in the last quarter. Skye Global Management LP acquired a new position in Applied Materials in the fourth quarter valued at about $45,862,000. Cable Hill Partners LLC raised its stake in Applied Materials by 10.2% in the fourth quarter. Cable Hill Partners LLC now owns 3,485 shares of the manufacturing equipment provider's stock valued at $567,000 after purchasing an additional 322 shares in the last quarter. Value Partners Investments Inc. raised its stake in Applied Materials by 8.7% in the fourth quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock valued at $1,608,000 after purchasing an additional 793 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in Applied Materials in the first quarter valued at about $230,000. 80.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AMAT. Jefferies Financial Group upgraded shares of Applied Materials from a "hold" rating to a "buy" rating and set a $195.00 price objective for the company in a research report on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Applied Materials in a research report on Friday, May 16th. 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 objective on the stock. Wells Fargo & Company lifted their price target on shares of Applied Materials from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Mizuho lifted their price target on shares of Applied Materials from $195.00 to $220.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $204.74.

Insider Buying and Selling

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

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.

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