Rep. Marjorie Taylor Greene Buys Applied Materials, Inc. (NASDAQ:AMAT) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on May 5th. The trade occurred in the Representative's "MARJORIE IRA" account.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.

Applied Materials Price Performance

Shares of AMAT opened at $156.15 on Thursday. The company has a 50 day moving average of $147.13 and a two-hundred day moving average of $166.38. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $255.89. The company has a market cap of $126.86 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.71.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released 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%. As a group, analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Applied Materials's previous quarterly dividend of $0.40. Applied Materials's payout ratio is 24.05%.

Applied Materials declared that its board has approved a stock repurchase program on Monday, March 10th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the manufacturing equipment provider to reacquire up to 8.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Applied Materials

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

Hedge Funds Weigh In On Applied Materials

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Applied Materials during the fourth quarter worth about $1,588,422,000. Pacer Advisors Inc. increased its position in shares of Applied Materials by 2,401.0% during 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 period. GAMMA Investing LLC boosted its holdings in 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 valued at $2,647,430,000 after purchasing an additional 1,814,444 shares during the period. Northern Trust Corp grew its stake in 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 purchasing an additional 1,602,645 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in Applied Materials by 301.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,959,997 shares of the manufacturing equipment provider's stock valued at $318,754,000 after purchasing an additional 1,471,953 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America cut their price target 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. KeyCorp upgraded shares of Applied Materials from a "sector weight" rating to an "overweight" rating and set a $225.00 target price for the company in a research report on Friday, January 17th. Edward Jones raised Applied Materials from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Susquehanna upped their target price on Applied Materials from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Citigroup decreased their price target on Applied Materials from $202.00 to $170.00 and set a "buy" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.86.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.