Applied Materials Target of Unusually High Options Trading (AMAT)
Applied Materials (NASDAQ:AMAT) saw unusually large options trading on Tuesday. Traders purchased 5,162 put options on the stock, AnalystRatings.Net reports. This represents an increase of 190% compared to the typical volume of 1,781 put options.
A number of research firms have recently commented on AMAT. Analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Thursday, May 1st. They now have a $20.00 price target on the stock. Separately, analysts at Summit Research initiated coverage on shares of Applied Materials in a research note on Wednesday, April 23rd. They set a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Applied Materials in a research note on Tuesday, April 22nd. They now have a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.06.
Shares of Applied Materials (NASDAQ:AMAT) traded down 1.85% during mid-day trading on Tuesday, hitting $19.11. 20,500,416 shares of the company’s stock traded hands. Applied Materials has a one year low of $14.32 and a one year high of $21.16. The stock has a 50-day moving average of $19.49 and a 200-day moving average of $18.21. The company has a market cap of $23.144 billion and a price-to-earnings ratio of 49.92.
Applied Materials (NASDAQ:AMAT) last released its earnings data on Wednesday, February 12th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 39.2% on a year-over-year basis. On average, analysts predict that Applied Materials will post $1.07 earnings per share for the current fiscal year.
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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