Applied Materials Sees Unusually Large Options Volume (AMAT)
Shares of Applied Materials (NASDAQ:AMAT) was the recipient of unusually large options trading on Thursday. Stock traders acquired 7,977 put options on the stock, StockRatingsNetwork reports. This represents an increase of 198% compared to the typical volume of 2,673 put options.
A number of research firms have recently commented on AMAT. Analysts at Northland Securities initiated coverage on shares of Applied Materials (NASDAQ:AMAT) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Applied Materials (NASDAQ:AMAT) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Applied Materials (NASDAQ:AMAT) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th.
Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Applied Materials presently has an average rating of “Hold” and an average target price of $15.61.
Shares of Applied Materials (NASDAQ:AMAT) traded down 0.50% during mid-day trading on Friday, hitting $15.85. 2,911,827 shares of the company’s stock traded hands. Applied Materials has a 52 week low of $9.95 and a 52 week high of $16.78. The stock’s 50-day moving average is $15.71 and its 200-day moving average is $14.80. The company’s market cap is $19.065 billion.
Applied Materials (NASDAQ:AMAT) last released its earnings data on Thursday, August 15th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company posted $0.24 earnings per share. Applied Materials’s revenue was down 15.7% compared to the same quarter last year. Analysts expect that Applied Materials will post $0.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, November 19th.
Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.
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