Applied Materials (NASDAQ:AMAT) Shares Unloaded Rep. Jonathan L. Jackson

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on December 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Applied Materials stock on November 27th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/27/2024.
• Sold $15,001 – $50,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/13/2024.
• Purchased $15,001 – $50,000 in shares of Church & Dwight (NYSE:CHD) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/1/2024.
• Purchased $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 10/28/2024.
• Sold $15,001 – $50,000 in shares of ASML (NASDAQ:ASML) on 10/28/2024.
• Purchased $15,001 – $50,000 in shares of General Dynamics (NYSE:GD) on 9/24/2024.
• Sold $15,001 – $50,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 9/24/2024.
• Purchased $15,001 – $50,000 in shares of Aramark (NYSE:ARMK) on 9/19/2024.
• Sold $15,001 – $50,000 in shares of AES (NYSE:AES) on 9/19/2024.

Applied Materials Stock Performance

AMAT stock opened at $169.35 on Friday. Applied Materials, Inc. has a 1-year low of $148.05 and a 1-year high of $255.89. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $182.86 and a 200-day moving average price of $201.42. The firm has a market cap of $139.61 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 earnings per share. As a group, equities research analysts expect that Applied Materials, Inc. will post 9.48 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 0.94%. Applied Materials’s payout ratio is currently 18.58%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMAT. Morgan Stanley reaffirmed an “underweight” rating and set a $164.00 price target (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th. Susquehanna lowered their target price on Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Evercore ISI reduced their price target on shares of Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company lowered their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Sanford C. Bernstein reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.29.

Institutional Trading of Applied Materials

A number of large investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $26,000. Fairfield Financial Advisors LTD bought a new stake in shares of Applied Materials in the second quarter valued at $28,000. PSI Advisors LLC lifted its position in shares of Applied Materials by 56.0% during the 2nd quarter. PSI Advisors LLC now owns 156 shares of the manufacturing equipment provider’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. Clean Yield Group bought a new position in shares of Applied Materials during the 3rd quarter worth $33,000. Finally, First PREMIER Bank increased its holdings in Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson’s current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

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.