Traders Purchase High Volume of Applied Materials Call Options (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) saw some unusual options trading on Wednesday. Traders purchased 2,307 call options on the stock. This represents an increase of approximately 118% compared to the typical daily volume of 1,060 call options.
In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction dated Wednesday, August 23rd. The shares were 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 insiders.
Several institutional investors have recently bought and sold shares of AMAT. Westover Capital Advisors LLC purchased a new stake in shares of Applied Materials in the first quarter valued at approximately $233,000. Cambria Investment Management L.P. purchased a new stake in shares of Applied Materials in the first quarter valued at approximately $1,174,000. Tudor Investment Corp ET AL increased its position in shares of Applied Materials by 225.4% in the first quarter. Tudor Investment Corp ET AL now owns 44,258 shares of the manufacturing equipment provider’s stock valued at $1,722,000 after buying an additional 30,658 shares in the last quarter. Caxton Associates LP increased its position in shares of Applied Materials by 418.9% in the first quarter. Caxton Associates LP now owns 290,600 shares of the manufacturing equipment provider’s stock valued at $11,304,000 after buying an additional 234,600 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of Applied Materials by 14.8% in the first quarter. Credit Suisse AG now owns 2,607,513 shares of the manufacturing equipment provider’s stock valued at $101,432,000 after buying an additional 335,984 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.
Several equities analysts have issued reports on AMAT shares. Vetr lowered Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 target price on the stock. in a research note on Monday, August 7th. BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a research note on Friday, July 28th. Deutsche Bank AG raised their price target on Applied Materials from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price target (up previously from $55.00) on shares of Applied Materials in a report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.35.
Applied Materials (NASDAQ:AMAT) opened at $56.49 on Friday. The stock has a market capitalization of $61,690.00, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. Applied Materials has a twelve month low of $29.85 and a twelve month high of $60.89. 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 posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. equities research analysts predict that Applied Materials will post 3.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.
About Applied Materials
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