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

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on April 9th.

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

• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/8/2025.

Applied Materials Trading Up 0.2 %

Shares of NASDAQ AMAT traded up $0.32 during trading hours on Tuesday, hitting $144.85. 834,062 shares of the company traded hands, compared to its average volume of 6,594,308. The stock has a market capitalization of $117.68 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61. The company’s 50 day moving average price is $156.09 and its 200 day moving average price is $172.06. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $255.89. The company has a current ratio of 2.67, a quick ratio of 1.96 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. On average, equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.84 annualized dividend and a yield of 1.27%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.40. Applied Materials’s dividend payout ratio (DPR) is 24.05%.

Applied Materials declared that its Board of Directors has approved a share buyback 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 reacquire up to 8.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Applied Materials

A number of large investors have recently made changes to their positions in AMAT. Vanguard Group Inc. lifted its holdings in shares of Applied Materials by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 77,039,667 shares of the manufacturing equipment provider’s stock worth $12,528,961,000 after purchasing an additional 487,358 shares during the period. Geode Capital Management LLC raised its holdings in shares of Applied Materials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 20,079,451 shares of the manufacturing equipment provider’s stock worth $3,260,178,000 after purchasing an additional 253,078 shares during the last quarter. Northern Trust Corp boosted its holdings in Applied Materials by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider’s stock valued at $1,663,780,000 after purchasing an additional 1,602,645 shares during the last quarter. Norges Bank acquired a new position in shares of Applied Materials in the 4th quarter valued at about $1,588,422,000. Finally, Alliancebernstein L.P. grew its holdings in Applied Materials by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 8,338,520 shares of the manufacturing equipment provider’s stock worth $1,356,094,000 after acquiring an additional 587,036 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMAT shares. The Goldman Sachs Group reduced their price target on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. KeyCorp raised shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target for the company in a research note on Friday, January 17th. Stifel Nicolaus dropped their price objective on Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC decreased their target price on Applied Materials from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised Applied Materials from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.14.

Insider Buying and Selling

In other news, CEO Gary E. Dickerson purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price 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 in the company, valued at $235,614,763.40. This represents a 3.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Adam Sanders sold 450 shares of Applied Materials 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 completion of the transaction, the chief accounting officer now directly owns 6,077 shares of the company’s stock, valued at $880,131.91. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

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.