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

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 Trading Down 0.7%

Applied Materials stock opened at $421.17 on Wednesday. Applied Materials, Inc. has a 1 year low of $171.58 and a 1 year high of $739.67. The firm’s 50-day moving average is $507.85 and its 200-day moving average is $465.08. 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 company has a market cap of $334.24 billion, a P/E ratio of 36.31, a PEG ratio of 1.18 and a beta of 1.60.

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

Applied Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $605.00 price target on shares of Applied Materials in a research report on Friday, August 14th. Jefferies Financial Group increased their target price on Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Raymond James Financial set a $650.00 target price on Applied Materials in a research note on Wednesday, June 10th. HC Wainwright set a $850.00 price target on shares of Applied Materials in a report on Monday, June 29th. Finally, Bank of America lowered their price target on shares of Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $658.45.

Insider Activity

In related news, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction on 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 transaction, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Dickerson sold 58,321 shares of the company’s stock in a transaction on Monday, June 29th. The stock was 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 directly owned 1,619,843 shares of the company’s stock, valued at $1,134,473,243.48. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 96,821 shares of company stock valued at $65,944,771. Company insiders own 0.30% of the company’s stock.

Key Headlines Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied Materials’ Applied Global Services (AGS) division generated record revenue of $1.78 billion. Rising demand for semiconductor-fab services could provide a recurring-growth cushion and support results beyond 2026. Can Applied Materials Sustain Strong AGS Growth Beyond 2026?
• Positive Sentiment: Analysts continue to identify AMAT as a potentially attractive technology stock, citing substantial upside potential. The company’s latest quarterly results also showed stronger-than-expected earnings and revenue, alongside robust year-over-year growth. 3 Strong Buy Tech Stocks with 60%+ Upside
• Neutral Sentiment: Comparisons with Lam Research, Qualcomm, and ASML highlight Applied Materials’ exposure to the same AI-driven semiconductor investment cycle, but also raise questions about which equipment suppliers will benefit most as advanced-node and EUV adoption expands. Lam Research Vs. Applied Materials
• Negative Sentiment: The primary catalyst for the decline was a broad semiconductor selloff after prominent AI executives called for a more deliberate pace of frontier-model development and stronger safety oversight. Investors feared that slower AI progress could eventually reduce data-center expansion, chip demand, and fab-equipment orders. Chip Equipment Stocks Slide as AI Pacing Call Reaches Fab Spending
• Negative Sentiment: AMAT had delivered a very strong prior-year gain and remains well below its recent high, leaving the stock vulnerable to profit-taking and valuation compression. The latest decline occurred despite no reported earnings shock, suggesting that elevated expectations—not current fundamentals—are driving much of the pressure. Applied Materials Stock Already Fell Without a Shock

Institutional Investors Weigh In On Applied Materials

Several institutional investors have recently bought and sold shares of AMAT. Ausdal Financial Partners Inc. bought a new position in shares of Applied Materials during the 2nd quarter valued at approximately $4,005,000. Caldwell Investment Management Ltd. bought a new stake in Applied Materials during the 2nd quarter worth approximately $1,589,000. Evolve Private Wealth LLC raised its stake in Applied Materials by 59.0% during the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after acquiring an additional 1,067 shares during the period. WealthPlan Investment Management LLC purchased a new position in Applied Materials during the fourth quarter valued at approximately $1,082,000. Finally, Principal Financial Group Inc. lifted its holdings in Applied Materials by 3.0% during the second quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock valued at $729,211,000 after purchasing an additional 28,982 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

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.

About Applied Materials

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.