Applied Materials Sees Unusually Large Options Volume (AMAT)
Shares of Applied Materials (NASDAQ:AMAT) was the target of unusually large options trading activity on Monday. Stock traders purchased 21,374 call options on the company, AR Network reports. This is an increase of approximately 227% compared to the average daily volume of 6,539 call options.
In other Applied Materials news, Director Thomas Iannotti sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $17.45, for a total value of $436,250.00. Following the completion of the sale, the director now directly owns 85,845 shares in the company, valued at approximately $1,497,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on AMAT shares. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Applied Materials in a research note to investors on Monday. They set a “neutral” rating and a $19.00 price target on the stock. Separately, analysts at Berenberg Bank upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 26th. Finally, analysts at B. Riley raised their price target on shares of Applied Materials to $17.00 in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Applied Materials has a consensus rating of “Hold” and an average price target of $17.03.
Shares of Applied Materials (NASDAQ:AMAT) traded up 0.56% on Monday, hitting $18.10. 9,521,765 shares of the company’s stock traded hands. Applied Materials has a 52-week low of $9.95 and a 52-week high of $18.09. The stock’s 50-day moving average is $16.43 and its 200-day moving average is $15.35. The company’s market cap is $21.771 billion.
Applied Materials (NASDAQ:AMAT) last released its earnings data on Thursday, August 15th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, analysts predict that Applied Materials will post $0.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Shareholders 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 2.21%. 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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