Applied Materials, Inc. (NASDAQ:AMAT) saw some unusual options trading on Wednesday. Stock traders purchased 2,307 call options on the stock. This is an increase of 118% compared to the typical volume of 1,060 call options.
Shares of Applied Materials (NASDAQ AMAT) opened at 52.40 on Monday. The firm’s 50 day moving average price is $46.81 and its 200 day moving average price is $43.82. Applied Materials has a 52-week low of $27.56 and a 52-week high of $52.63. The stock has a market cap of $55.88 billion, a P/E ratio of 18.63 and a beta of 1.86.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $0.50 EPS. Applied Materials’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts expect that Applied Materials will post $3.20 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is 14.18%.
Several research firms have recently issued reports on AMAT. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. B. Riley reiterated a “buy” rating and issued a $63.00 price objective on shares of Applied Materials in a research note on Saturday, September 30th. Instinet reiterated a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Evercore ISI reiterated an “outperform” rating and issued a $65.00 price objective (up previously from $56.00) on shares of Applied Materials in a research note on Saturday, September 30th. Finally, Nomura upped their price objective on Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $56.01.
In other news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC purchased a new position in shares of Applied Materials during the 2nd quarter valued at $109,000. Wunderlich Capital Managemnt lifted its stake in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Applied Materials by 145.4% during the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Applied Materials during the 2nd quarter valued at $134,000. Finally, IHT Wealth Management LLC lifted its stake in shares of Applied Materials by 67.8% during the 2nd quarter. IHT Wealth Management LLC now owns 3,344 shares of the manufacturing equipment provider’s stock valued at $148,000 after buying an additional 1,351 shares in the last quarter. Institutional investors own 79.47% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/09/stock-traders-buy-high-volume-of-applied-materials-call-options-amat.html.
About Applied Materials
Receive News & Ratings for Applied Materials Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Applied Materials Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.
This Article Was Originally From *This Site*
Powered by WPeMatico