Traders Buy High Volume of Applied Materials Put Options (AMAT)
Applied Materials (NASDAQ:AMAT) saw unusually large options trading on Thursday. Traders acquired 16,332 put options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 226% compared to the average daily volume of 5,005 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 Wednesday, July 30th. They now have a $22.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Applied Materials from $25.00 to $28.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th. They now have a $25.00 price target on the stock, up previously from $23.06. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.35.
Shares of Applied Materials (NASDAQ:AMAT) traded up 0.86% during mid-day trading on Thursday, hitting $21.15. 11,237,907 shares of the company’s stock traded hands. Applied Materials has a 52-week low of $14.85 and a 52-week high of $23.46. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $20.19. The company has a market cap of $25.748 billion and a price-to-earnings ratio of 29.79.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Analysts expect that Applied Materials will post $1.05 EPS 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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