Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on November 5th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on October 26th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) on 10/15/2026.
- Purchased $1,001 – $15,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/12/2026.
- Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 9/25/2026.
- Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 9/15/2026.
Applied Materials Stock Up 4.2%
Shares of NASDAQ:AMAT opened at $332.71 on Friday. The company’s fifty day moving average is $444.84 and its two-hundred day moving average is $444.66. Applied Materials, Inc. has a 1-year low of $203.40 and a 1-year high of $739.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock has a market capitalization of $264.04 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 12.79 EPS for the current year.
Applied Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s payout ratio is currently 18.28%.
Key Stories Impacting Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
- Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
- Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
- Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade
Analysts Set New Price Targets
A number of research analysts recently weighed in on AMAT shares. The Goldman Sachs Group lifted their target price on shares of Applied Materials from $645.00 to $670.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Weiss Ratings cut Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 9th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Applied Materials in a report on Tuesday, October 20th. New Street Research decreased their price target on shares of Applied Materials from $580.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Thirty analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $632.01.
Get Our Latest Analysis on AMAT
Insider Activity
In other news, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $544.56, for a total value of $394,806.00. Following the transaction, the chief accounting officer directly owned 3,181 shares of the company’s stock, valued at $1,732,245.36. The trade was a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,225 shares of company stock worth $4,454,181 in the last quarter. 0.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Applied Materials
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. State Street Corp lifted its holdings in shares of Applied Materials by 85.4% in the 2nd quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after buying an additional 32,018,892 shares during the period. Bank of America Corp DE bought a new stake in Applied Materials in the second quarter worth approximately $5,252,863,000. Jupiter Topco LLC bought a new stake in Applied Materials in the second quarter valued at $1,512,287,000. Amundi boosted its position in Applied Materials by 19.0% during the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock worth $5,645,344,000 after acquiring an additional 1,246,876 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Applied Materials by 1.6% in the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock valued at $57,993,650,000 after acquiring an additional 1,237,685 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
Applied Materials Company Profile
Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.
The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.
Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.
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