Applied Materials (NASDAQ:AMAT) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in Applied Materials stock on April 17th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.

Applied Materials Trading Up 1.1%

NASDAQ AMAT traded up $1.85 on Thursday, hitting $175.99. 3,879,670 shares of the stock were exchanged, compared to its average volume of 6,803,687. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $255.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.96 and a current ratio of 2.67. The stock has a fifty day moving average price of $148.32 and a two-hundred day moving average price of $165.73. The firm has a market capitalization of $142.98 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.81 and a beta of 1.71.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. Research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.84 annualized dividend and a dividend yield of 1.05%. This is a boost from Applied Materials's previous quarterly dividend of $0.40. Applied Materials's dividend payout ratio (DPR) is presently 24.05%.

Applied Materials declared that its Board of Directors has approved a share repurchase program on Monday, March 10th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the manufacturing equipment provider to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of Applied Materials

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Applied Materials during the 4th quarter valued at about $1,588,422,000. Nuveen LLC purchased a new stake in shares of Applied Materials during the first quarter worth about $1,085,600,000. Pacer Advisors Inc. boosted its position in shares of Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock worth $445,056,000 after acquiring an additional 2,944,193 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Applied Materials by 18,402.1% in the first quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider's stock worth $2,647,430,000 after acquiring an additional 1,814,444 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Buying and Selling

In other news, CAO Adam Sanders sold 450 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $144.83, for a total transaction of $65,173.50. Following the transaction, the chief accounting officer now directly owns 6,077 shares of the company's stock, valued at approximately $880,131.91. The trade was a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary E. Dickerson bought 50,000 shares of Applied Materials stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $137.30 per share, for a total transaction of $6,865,000.00. Following the completion of the transaction, the chief executive officer now owns 1,716,058 shares of the company's stock, valued at approximately $235,614,763.40. This represents a 3.00% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMAT shares. Bank of America cut their price objective on shares of Applied Materials from $205.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of Applied Materials from $235.00 to $195.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Edward Jones upgraded shares of Applied Materials from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Susquehanna lifted their target price on shares of Applied Materials from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC dropped their target price on shares of Applied Materials from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and an average price target of $208.86.

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.

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.