Applied Materials (NASDAQ:AMAT) Shares Acquired Sen.

Senator (R-Florida) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on February 21st, the Senator disclosed that they had bought between $100,001 and $250,000 in Applied Materials stock on January 22nd.

Senator also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Howmet Aerospace (NYSE:HWM) on 1/22/2025.
• Purchased $50,001 – $100,000 in shares of Micron Technology (NASDAQ:MU) on 1/22/2025.
• Sold $50,001 – $100,000 in shares of Okta (NASDAQ:OKTA) on 1/21/2025.

Applied Materials Trading Down 2.3 %

Shares of Applied Materials stock opened at $171.98 on Friday. The firm has a market capitalization of $139.77 billion, a PE ratio of 22.48, a P/E/G ratio of 1.85 and a beta of 1.53. Applied Materials, Inc. has a twelve month low of $158.96 and a twelve month high of $255.89. The firm’s 50-day moving average price is $175.64 and its 200 day moving average price is $183.86. 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 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio is presently 20.92%.

Institutional Trading of Applied Materials

Institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in Applied Materials in the 4th quarter valued at approximately $28,000. FPC Investment Advisory Inc. purchased a new position in Applied Materials in the 4th quarter valued at approximately $28,000. YANKCOM Partnership purchased a new position in Applied Materials in the 4th quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. purchased a new position in Applied Materials in the 3rd quarter valued at approximately $37,000. Finally, DT Investment Partners LLC boosted its position in Applied Materials by 592.9% in the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMAT. TD Cowen cut their price objective on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays cut their price objective on shares of Applied Materials from $200.00 to $190.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Bank of America cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, November 15th. Susquehanna increased their price objective on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Applied Materials from $250.00 to $235.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $215.38.

About Senator

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.