Applied Materials, Inc. (NASDAQ:AMAT) was the target of some unusual options trading on Wednesday. Investors bought 1,149 put options on the company. This is an increase of approximately 125% compared to the average daily volume of 510 put options.

Several equities research analysts recently commented on the company. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target for the company in a report on Monday, July 24th. B. Riley reissued a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research note on Sunday, July 16th. Cowen and Company reissued a “buy” rating and set a $50.00 target price on shares of Applied Materials in a research note on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and set a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $40.00 price target (up from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Applied Materials has a consensus rating of “Buy” and an average price target of $51.44.

Shares of Applied Materials (AMAT) opened at 44.35 on Friday. Applied Materials has a 1-year low of $27.56 and a 1-year high of $47.86. The company has a 50-day moving average price of $44.36 and a 200-day moving average price of $42.22. The stock has a market cap of $47.30 billion, a price-to-earnings ratio of 15.77 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. On average, equities analysts expect that Applied Materials will post $3.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of AMAT. State of Alaska Department of Revenue acquired a new position in Applied Materials in the 1st quarter worth approximately $114,000. Clean Yield Group acquired a new position in Applied Materials in the 1st quarter worth approximately $124,000. Wunderlich Capital Managemnt boosted its stake in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares during the period. Bessemer Group Inc. boosted its stake in Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares during the period. Finally, Hanson McClain Inc. boosted its stake in Applied Materials by 4.3% in the 1st quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock worth $131,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

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Applied Materials Company Profile

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