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

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on December 24th.

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

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 12/24/2024.

Applied Materials Stock Performance

AMAT stock opened at $163.64 on Tuesday. The firm has a market cap of $133.15 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.61 and a beta of 1.52. Applied Materials, Inc. has a twelve month low of $148.05 and a twelve month high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $176.34 and its two-hundred day simple moving average is $196.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. The company had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. Analysts predict that Applied Materials, Inc. will post 9.48 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is currently 18.58%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMAT. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Citigroup cut their price target on Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. UBS Group dropped their target price on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $164.00 price target (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $220.29.

Institutional Investors Weigh In On Applied Materials

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in shares of Applied Materials by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,118,152 shares of the manufacturing equipment provider’s stock valued at $225,923,000 after purchasing an additional 96,009 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Applied Materials by 4.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,229 shares of the manufacturing equipment provider’s stock worth $2,461,000 after acquiring an additional 572 shares in the last quarter. DGS Capital Management LLC grew its position in shares of Applied Materials by 4.5% during the 3rd quarter. DGS Capital Management LLC now owns 7,671 shares of the manufacturing equipment provider’s stock valued at $1,550,000 after acquiring an additional 328 shares during the period. Milestone Resources Group Ltd increased its stake in shares of Applied Materials by 41.6% in the 3rd quarter. Milestone Resources Group Ltd now owns 1,334 shares of the manufacturing equipment provider’s stock valued at $270,000 after purchasing an additional 392 shares in the last quarter. Finally, Dantai Capital Ltd raised its holdings in Applied Materials by 42.1% in the 3rd quarter. Dantai Capital Ltd now owns 8,300 shares of the manufacturing equipment provider’s stock worth $1,677,000 after purchasing an additional 2,460 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

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, 2025. 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 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.