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

Key Points

• Rep. Josh Gottheimer sold $1,001–$15,000 of Applied Materials shares on September 15, after purchasing a similar amount on August 6. The sale was disclosed in an October 7 filing.
• Applied Materials reported stronger-than-expected quarterly results, with $3.50 in EPS and $9.12 billion in revenue, up 24.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $640.20.
• The company declared a quarterly dividend of $0.53 per share, or $2.12 annualized, while recent insider sales—including transactions by the CFO and chief accounting officer—have added a potential sentiment headwind.

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Applied Materials stock on September 15th. 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 McDonald's NYSE: MCD on 9/25/2026.
• Purchased $1,001 - $15,000 in shares of Restaurant Brands International NYSE: QSR on 8/6/2026.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/6/2026.
• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGM on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGN on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 7/23/2026.
• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGN on 7/23/2026.
• Purchased $1,001 - $15,000 in shares of NiCE NASDAQ: NICE on 7/20/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/20/2026.
• Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 7/17/2026.

Applied Materials Trading Down 2.1%

Shares of AMAT opened at $509.57 on Friday. Applied Materials, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67. The stock has a market cap of $404.39 billion, a PE ratio of 43.93, a P/E/G ratio of 1.45 and a beta of 1.60. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The business's 50-day moving average price is $488.90 and its 200-day moving average price is $481.64.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released 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 analyst estimates of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. Applied Materials's revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 12.79 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, November 19th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials's dividend payout ratio is currently 18.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Applied Materials from $515.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $605.00 price objective (down from $680.00) on shares of Applied Materials in a research note on Friday, August 14th. Susquehanna boosted their target price on Applied Materials from $575.00 to $900.00 and gave the stock a "positive" rating in a research report on Tuesday, June 30th. Argus set a $600.00 target price on Applied Materials and gave the stock a "buy" rating in a research note on Tuesday, August 18th. Finally, HC Wainwright set a $850.00 price target on Applied Materials in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $640.20.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 725 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the transaction, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,225 shares of company stock worth $4,454,181 in the last ninety days. 0.30% of the stock is owned by company insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: AI and semiconductor demand remain key growth drivers. Analysts and commentary highlighted Applied Materials’ improving revenue trajectory, dependable earnings, and exposure to rising chip complexity and artificial-intelligence infrastructure spending relative to peers such as Qualcomm, Marvell Technology, Lam Research, and KLA. Applied Materials vs. Qualcomm revenue trends Applied Materials vs. Marvell Technology revenue trends
• Positive Sentiment: AGS momentum could support recurring revenue. Applied Materials’ Applied Global Services business is gaining support from AI-enabled services, fab utilization, and recurring customer revenue, with growth potential extending through 2030. Can Applied Materials sustain AGS momentum?
• Positive Sentiment: UCLA partnership strengthens long-term innovation prospects. Applied Materials and UCLA Engineering will collaborate at the EPIC Center to accelerate the commercialization of semiconductor research, potentially shortening the path from laboratory breakthroughs to high-volume manufacturing. Applied Materials and UCLA Engineering partnership
• Neutral Sentiment: TSMC’s planned capital spending is a demand positive, but not an immediate catalyst. An Applied Materials veteran said TSMC may still be underbuilding despite potential capital expenditures of up to $64 billion, underscoring continued equipment demand while also raising questions about investment timing. TSMC capital spending outlook
• Negative Sentiment: Insider selling and market weakness pressured the stock. Reports of insider share sales added a near-term sentiment headwind, while AMAT declined more than the broader market. The move comes despite the company’s strong fundamentals, including recent earnings and revenue beats, leaving valuation sensitivity as another potential concern. Applied Materials insider selling Applied Materials market performance

Institutional Trading of Applied Materials

Several hedge funds and other institutional investors have recently bought and sold shares of AMAT. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Applied Materials by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 234,612 shares of the manufacturing equipment provider's stock valued at $119,976,000 after purchasing an additional 3,400 shares in the last quarter. Diversified Management Inc. grew its stake in shares of Applied Materials by 1.3% during the third quarter. Diversified Management Inc. now owns 2,912 shares of the manufacturing equipment provider's stock valued at $1,489,000 after buying an additional 37 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Applied Materials by 2.0% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 13,749 shares of the manufacturing equipment provider's stock worth $7,031,000 after buying an additional 267 shares during the period. Bell Asset Management Ltd increased its holdings in shares of Applied Materials by 48.8% in the third quarter. Bell Asset Management Ltd now owns 6,928 shares of the manufacturing equipment provider's stock worth $3,543,000 after buying an additional 2,271 shares during the period. Finally, Professional Advisory Services Inc. lifted its stake in shares of Applied Materials by 4.2% in the 3rd quarter. Professional Advisory Services Inc. now owns 13,786 shares of the manufacturing equipment provider's stock valued at $7,050,000 after acquiring an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

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 is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company's offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.

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