Applied Materials Target of Unusually High Options Trading (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) saw some unusual options trading on Wednesday. Investors acquired 1,149 put options on the company. This is an increase of approximately 125% compared to the typical daily volume of 510 put options.
Applied Materials (AMAT) opened at 46.12 on Friday. The firm has a 50-day moving average price of $44.46 and a 200 day moving average price of $38.54. The firm has a market capitalization of $49.56 billion, a P/E ratio of 19.07 and a beta of 1.81. Applied Materials has a one year low of $24.43 and a one year high of $47.86.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Equities research analysts anticipate that Applied Materials will post $3.10 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.
Large investors have recently modified their holdings of the stock. Atlas Brown Inc. purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $257,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Applied Materials by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,168,127 shares of the manufacturing equipment provider’s stock valued at $45,440,000 after buying an additional 27,616 shares during the period. Centre Asset Management LLC purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $5,070,000. Park National Corp OH increased its stake in shares of Applied Materials by 14.6% in the first quarter. Park National Corp OH now owns 13,839 shares of the manufacturing equipment provider’s stock valued at $538,000 after buying an additional 1,768 shares during the period. Finally, Highbridge Capital Management LLC increased its stake in shares of Applied Materials by 108.8% in the fourth quarter. Highbridge Capital Management LLC now owns 282,191 shares of the manufacturing equipment provider’s stock valued at $9,106,000 after buying an additional 147,033 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.
A number of equities research analysts have weighed in on the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price objective on the stock in a report on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a report on Saturday, May 20th. Cowen and Company lifted their price objective on Applied Materials from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, May 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Applied Materials in a report on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.30.
Applied Materials Company Profile
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