Applied Materials Target of Unusually High Options Trading (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) was the target of unusually large options trading on Wednesday. Investors purchased 2,307 call options on the stock. This is an increase of 118% compared to the typical volume of 1,060 call options.
Several research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $58.00 target price on shares of Applied Materials in a research report on Thursday, October 12th. Citigroup Inc reaffirmed a “buy” rating and set a $58.00 target price on shares of Applied Materials in a research report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. Finally, B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a report on Saturday, September 30th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $56.64.
Applied Materials (NASDAQ AMAT) opened at $56.55 on Friday. Applied Materials has a 1 year low of $28.02 and a 1 year high of $57.34. The firm has a market cap of $60.31 billion, a PE ratio of 18.88, a P/E/G ratio of 0.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. equities analysts expect that Applied Materials will post 3.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.71%. Applied Materials’s payout ratio is 14.18%.
In related news, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of AMAT. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Applied Materials during the 3rd quarter worth approximately $105,000. MPS Loria Financial Planners LLC bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $109,000. Wunderlich Capital Managemnt lifted its position in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Applied Materials by 145.4% during the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $134,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
About Applied Materials
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