Applied Materials Sees Unusually Large Options Volume (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 1,149 put options on the company. This is an increase of 125% compared to the typical volume of 510 put options.
In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. MPS Loria Financial Planners LLC purchased a new position in shares of Applied Materials during the second quarter worth about $109,000. Wunderlich Capital Managemnt grew its holdings in shares of Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Applied Materials during the second quarter worth about $134,000. Finally, IHT Wealth Management LLC grew its holdings in shares of Applied Materials by 67.8% during the second quarter. IHT Wealth Management LLC now owns 3,344 shares of the manufacturing equipment provider’s stock worth $148,000 after purchasing an additional 1,351 shares during the last quarter. 79.47% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on AMAT shares. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Tuesday, July 11th. DA Davidson reaffirmed a “buy” rating and set a $55.00 target price on shares of Applied Materials in a research report on Monday, July 10th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $45.72 target price for the company in a research report on Thursday, June 22nd. UBS AG reaffirmed a “buy” rating and set a $52.00 target price on shares of Applied Materials in a research report on Tuesday, June 13th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $65.00 target price (up from $58.00) on shares of Applied Materials in a research report on Sunday, June 11th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.01.
Shares of Applied Materials (AMAT) opened at 52.40 on Friday. Applied Materials has a 1-year low of $27.56 and a 1-year high of $52.63. The firm’s 50-day moving average price is $46.81 and its 200 day moving average price is $43.82. The stock has a market cap of $55.88 billion, a P/E ratio of 18.63 and a beta of 1.86.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities analysts expect that Applied Materials will post $3.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.
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About Applied Materials
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