Applied Materials (NASDAQ:AMAT) Shares Acquired Sen. John Boozman

Senator John Boozman (R-Arkansas) recently bought shares of Applied Materials, Inc. NASDAQ: AMAT. In a filing disclosed on April 20th, the Senator disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on March 19th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DTE Energy NYSE: DTE on 3/19/2025.
• Sold $1,001 - $15,000 in shares of iShares S&P 500 Growth ETF NYSEARCA: IVW on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 3/5/2025.
• Purchased $1,001 - $15,000 in shares of Sprott Lithium Miners ETF NASDAQ: LITP on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 2/26/2025.
• Sold $1,001 - $15,000 in shares of First Trust Global Tactical Commodity Strategy Fund NASDAQ: FTGC on 2/26/2025.
• Sold $1,001 - $15,000 in shares of First Trust North American Energy Infrastructure Fund NYSEARCA: EMLP on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Motorola Solutions NYSE: MSI on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Ecolab NYSE: ECL on 2/26/2025.

Applied Materials Stock Performance

AMAT stock traded down $1.24 during trading on Tuesday, reaching $149.55. The company had a trading volume of 5,718,807 shares, compared to its average volume of 6,696,487. The firm has a 50-day simple moving average of $148.55 and a 200-day simple moving average of $167.82. The company has a market cap of $121.50 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.96 and a current ratio of 2.67. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $255.89.

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, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Applied Materials's previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 1.23%. Applied Materials's dividend payout ratio (DPR) is 24.05%.

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

Analyst Ratings Changes

AMAT has been the subject of several research reports. Mizuho decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on shares of Applied Materials from $210.00 to $200.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Barclays lowered their price target on shares of Applied Materials from $190.00 to $160.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Applied Materials from $230.00 to $202.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, Susquehanna raised their target price on Applied Materials from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $208.86.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 271 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $172.72, for a total value of $46,807.12. Following the sale, the chief accounting officer now owns 6,479 shares of the company's stock, valued at $1,119,052.88. The trade was a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary E. Dickerson bought 50,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $137.30 per share, for a total transaction of $6,865,000.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this purchase can be found here. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMAT. Advisory Resource Group raised its position in shares of Applied Materials by 22.5% during the 3rd quarter. Advisory Resource Group now owns 24,867 shares of the manufacturing equipment provider's stock valued at $5,024,000 after buying an additional 4,561 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Applied Materials by 3.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,746 shares of the manufacturing equipment provider's stock valued at $757,000 after buying an additional 133 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of Applied Materials by 26.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 47,649 shares of the manufacturing equipment provider's stock valued at $9,627,000 after buying an additional 9,941 shares during the period. World Investment Advisors LLC raised its position in shares of Applied Materials by 70.6% during the 3rd quarter. World Investment Advisors LLC now owns 9,845 shares of the manufacturing equipment provider's stock valued at $1,989,000 after buying an additional 4,073 shares during the period. Finally, Sfmg LLC raised its position in shares of Applied Materials by 0.4% during the 3rd quarter. Sfmg LLC now owns 54,967 shares of the manufacturing equipment provider's stock valued at $11,106,000 after buying an additional 219 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.