Investors Buy Large Volume of Applied Materials Put Options (AMAT)
Shares of Applied Materials (NASDAQ:AMAT) saw some unusual options trading on Friday. Investors bought 7,977 put options on the stock, American Banking News reports. This represents an increase of approximately 168% compared to the typical daily volume of 2,971 put options.
A number of analysts have recently weighed in on AMAT shares. 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 analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.61.
Applied Materials (NASDAQ:AMAT) opened at 16.14 on Monday. 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 $14.82. The company’s market cap is $19.414 billion.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Applied Materials will post $0.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date 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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