Rep. Jefferson Shreve Purchases Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Applied Materials stock on April 11th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Applied Materials Stock Down 0.2 %

Shares of Applied Materials stock opened at $155.69 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.96. The firm’s 50-day moving average is $147.27 and its two-hundred day moving average is $165.88. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $255.89. The stock has a market cap of $126.49 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.81 and a beta of 1.71.

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

Applied Materials announced that its board has authorized a share buyback program on Monday, March 10th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the manufacturing equipment provider to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Applied Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be issued a $0.46 dividend. This is a positive change from Applied Materials’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, May 22nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.18%. Applied Materials’s payout ratio is presently 24.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMAT. Jefferies Financial Group raised Applied Materials from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Friday, March 28th. Stifel Nicolaus reduced their price objective on Applied Materials from $235.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Edward Jones upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Susquehanna boosted their price objective on Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, KeyCorp raised shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.86.

Insider Buying and Selling at Applied Materials

In other news, CEO Gary E. Dickerson bought 50,000 shares of Applied Materials stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $137.30 per share, for a total transaction of $6,865,000.00. Following the purchase, the chief executive officer now owns 1,716,058 shares of the company’s stock, valued at approximately $235,614,763.40. The trade was 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 the SEC website. Also, 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 transaction, the chief accounting officer now owns 6,479 shares in the company, valued at $1,119,052.88. The trade was a 4.01 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brookstone Capital Management boosted its holdings in Applied Materials by 59.1% during the 4th quarter. Brookstone Capital Management now owns 45,378 shares of the manufacturing equipment provider’s stock valued at $7,380,000 after acquiring an additional 16,851 shares during the period. Advisors Management Group Inc. ADV purchased a new stake in shares of Applied Materials during the 4th quarter worth approximately $339,000. Rheos Capital Works Inc. boosted its stake in Applied Materials by 2.7% in the fourth quarter. Rheos Capital Works Inc. now owns 170,100 shares of the manufacturing equipment provider’s stock valued at $27,663,000 after acquiring an additional 4,500 shares in the last quarter. Czech National Bank grew its stake in Applied Materials by 6.0% during the 4th quarter. Czech National Bank now owns 178,748 shares of the manufacturing equipment provider’s stock worth $29,070,000 after buying an additional 10,081 shares during the last quarter. Finally, Talbot Financial LLC grew its position in shares of Applied Materials by 4.6% during the fourth quarter. Talbot Financial LLC now owns 117,361 shares of the manufacturing equipment provider’s stock worth $19,086,000 after acquiring an additional 5,124 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.