Rep. Josh Gottheimer Acquires Applied Materials, Inc. (NASDAQ:AMAT) Stock

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Applied Materials, Inc. (NASDAQ:AMAT). In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Applied Materials stock on August 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Restaurant Brands International (NYSE:QSR) on 8/6/2026.
• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGN) on 7/24/2026.
• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGM) on 7/24/2026.
• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGN) on 7/23/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 7/23/2026.
• Purchased $1,001 – $15,000 in shares of NiCE (NASDAQ:NICE) on 7/20/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/20/2026.
• Sold $1,001 – $15,000 in shares of Chart Industries (NYSE:GTLS) on 7/17/2026.
• Purchased $1,001 – $15,000 in shares of Monster Beverage (NASDAQ:MNST) on 7/17/2026.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 7/16/2026.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $421.17 on Wednesday. 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 $334.24 billion, a PE ratio of 36.31, a P/E/G ratio of 1.18 and a beta of 1.60. Applied Materials, Inc. has a fifty-two week low of $171.58 and a fifty-two week high of $739.67. The company has a fifty day moving average of $507.85 and a two-hundred day moving average of $465.08.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the business earned $2.48 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s payout ratio is presently 18.28%.

Analyst Ratings Changes

A number of brokerages have commented on AMAT. JPMorgan Chase & Co. increased their target price on Applied Materials from $515.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Craig Hallum raised their target price on shares of Applied Materials from $530.00 to $585.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Truist Financial set a $575.00 price objective on Applied Materials in a research report on Thursday, May 28th. KeyCorp upped their target price on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Bank of America cut their target price on Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $658.45.

Insider Transactions at Applied Materials

In other news, CFO Brice Hill sold 7,500 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the sale, the chief financial officer owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary E. Dickerson sold 58,321 shares of Applied Materials stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $700.36, for a total transaction of $40,845,695.56. Following the completion of the transaction, the chief executive officer owned 1,619,843 shares of the company’s stock, valued at $1,134,473,243.48. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 96,821 shares of company stock valued at $65,944,771. Insiders own 0.30% of the company’s stock.

Institutional Trading of Applied Materials

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares during the period. Capital Research Global Investors lifted its stake in Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares in the last quarter. Norges Bank purchased a new position in shares of Applied Materials during the fourth quarter worth $2,858,543,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Applied Materials by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider’s stock valued at $2,746,769,000 after buying an additional 1,558,749 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Applied Materials by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 8,945,840 shares of the manufacturing equipment provider’s stock valued at $2,298,991,000 after buying an additional 681,274 shares during the period. 80.56% of the stock is currently owned by hedge funds and other 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 is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.