Investors Buy High Volume of Applied Materials Call Options (AMAT)
Applied Materials (NASDAQ:AMAT) saw some unusual options trading on Monday. Traders bought 14,022 call options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 138% compared to the typical daily volume of 5,890 call options.
In other Applied Materials news, EVP Randhir Thakur sold 70,295 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $22.83, for a total value of $1,604,834.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AMAT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Applied Materials from a “neutral” rating to an “overweight” rating in a research note on Monday. They now have a $30.00 price target on the stock, up previously from $19.00. Separately, analysts at Berenberg Bank raised their price target on shares of Applied Materials from $23.00 to $27.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Applied Materials from $23.00 to $25.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $22.88.
Applied Materials (NASDAQ:AMAT) traded up 0.66% on Monday, hitting $22.96. 13,761,436 shares of the company’s stock traded hands. Applied Materials has a 52-week low of $14.85 and a 52-week high of $23.22. The stock has a 50-day moving average of $21.53 and a 200-day moving average of $19.29. The company has a market cap of $27.952 billion and a P/E ratio of 32.40.
Applied Materials (NASDAQ:AMAT) last released its earnings data on Thursday, May 15th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Analysts expect that Applied Materials will post $1.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 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 1.74%. The ex-dividend date of this dividend is Tuesday, August 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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