Stock Traders Purchase High Volume of Applied Materials Put Options (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) saw some unusual options trading activity on Wednesday. Stock investors purchased 1,149 put options on the company. This is an increase of 125% compared to the typical volume of 510 put options.
Applied Materials (NASDAQ:AMAT) opened at $56.55 on Friday. The firm has a market cap of $60.31 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.85. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61. Applied Materials has a 1-year low of $28.02 and a 1-year high of $57.34.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. Applied Materials’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. equities research analysts expect that Applied Materials will post 3.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.
In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in AMAT. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Applied Materials in the 3rd quarter valued at $105,000. MPS Loria Financial Planners LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at $109,000. Wunderlich Capital Managemnt boosted its holdings in shares of Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Applied Materials during the 2nd quarter valued at $134,000. Institutional investors own 79.51% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Applied Materials in a report on Monday, August 14th. B. Riley reaffirmed a “buy” rating and issued a $61.00 target price on shares of Applied Materials in a report on Saturday, August 19th. BidaskClub cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.64.
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Applied Materials Company Profile
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