Applied Materials (NASDAQ:AMAT) Stock Purchase Revealed by Rep. Josh Gottheimer

Key Points

• Rep. Josh Gottheimer bought $1,001–$15,000 of Applied Materials on October 26, according to a November 5 filing; he had disclosed selling a similar value of AMAT shares on September 15.
• Applied Materials beat quarterly earnings and revenue estimates, reporting adjusted EPS of $3.50 and revenue of $9.12 billion, up 24.8% year over year.
• Investors were looking ahead to fiscal fourth-quarter results scheduled for November 12. The company also announced a quarterly dividend of $0.53 per share.

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on November 5th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on October 26th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of PT Telekomunikasi Indonesia, Tbk NYSE: TLK on 10/15/2026.
• Purchased $1,001 - $15,000 in shares of Benchmark Electronics NYSE: BHE on 10/12/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 9/25/2026.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 9/15/2026.

Applied Materials Trading Up 4.2%

Shares of NASDAQ:AMAT opened at $332.71 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The business's 50 day moving average price is $444.84 and its 200-day moving average price is $444.66. The firm has a market capitalization of $264.04 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials's dividend payout ratio (DPR) is presently 18.28%.

Trending Headlines about Applied Materials

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

• Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
• Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
• Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
• Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 725 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $544.56, for a total value of $394,806.00. Following the sale, the chief accounting officer directly owned 3,181 shares in the company, valued at $1,732,245.36. This represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the transaction, the chief financial officer directly owned 128,613 shares in the company, valued at $61,637,780.25. This represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,225 shares of company stock worth $4,454,181. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC cut their target price on Applied Materials from $740.00 to $580.00 and set a "buy" rating on the stock in a report on Friday, October 16th. Sanford C. Bernstein increased their price objective on shares of Applied Materials from $675.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Citigroup reissued a "buy" rating and set a $710.00 price objective (up from $550.00) on shares of Applied Materials in a report on Monday, August 3rd. B. Riley Financial reiterated a "buy" rating and set a $700.00 target price (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Finally, New Street Research lowered their price objective on shares of Applied Materials from $580.00 to $525.00 and set a "neutral" rating on the stock in a report on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and a consensus price target of $632.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wellington Grp LLC increased its stake in Applied Materials by 424.1% in the 3rd quarter. Wellington Grp LLC now owns 8,260 shares of the manufacturing equipment provider's stock worth $4,224,000 after acquiring an additional 6,684 shares during the last quarter. Bernicke Wealth Management Ltd. bought a new stake in Applied Materials in the third quarter valued at about $830,000. Vista Capital Partners Inc. bought a new position in Applied Materials during the third quarter valued at approximately $213,000. Financial Freedom LLC acquired a new stake in shares of Applied Materials in the third quarter valued at approximately $43,000. Finally, EagleClaw Capital Managment LLC acquired a new stake in Applied Materials in the 3rd quarter valued at about $5,697,000. 80.56% of the stock is owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Applied Materials Company Profile

Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.

The company's offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.

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