Investors Purchase High Volume of Applied Materials Call Options (NASDAQ:AMAT)

Applied Materials, Inc. (NASDAQ:AMATGet Free Report) was the target of some unusual options trading on Tuesday. Traders acquired 34,950 call options on the stock. This is an increase of 26% compared to the typical volume of 27,647 call options.

Applied Materials Trading Down 1.4 %

Shares of Applied Materials stock opened at $168.70 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.33. The firm has a market cap of $140.37 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 3.35 and a beta of 1.55. The business has a fifty day simple moving average of $158.58 and a 200-day simple moving average of $148.70. Applied Materials has a fifty-two week low of $109.00 and a fifty-two week high of $178.40.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.14. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.52 billion. Applied Materials had a return on equity of 46.12% and a net margin of 25.85%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 earnings per share. On average, equities analysts forecast that Applied Materials will post 7.56 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, February 21st. Applied Materials’s dividend payout ratio is currently 15.78%.

Insider Activity

In related news, SVP Omkaram Nalamasu sold 23,228 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $162.45, for a total transaction of $3,773,388.60. Following the completion of the sale, the senior vice president now directly owns 190,972 shares of the company’s stock, valued at $31,023,401.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Applied Materials

Several hedge funds have recently bought and sold shares of the business. Financial Freedom LLC acquired a new stake in Applied Materials in the 4th quarter valued at approximately $25,000. Mcmillion Capital Management Inc. bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $29,000. CGC Financial Services LLC bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $29,000. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Applied Materials by 76.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, BluePath Capital Management LLC bought a new position in shares of Applied Materials during the 3rd quarter worth approximately $39,000. 77.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Applied Materials from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Mizuho lifted their price objective on Applied Materials from $162.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Redburn Atlantic upgraded Applied Materials from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Wednesday, November 22nd. TD Cowen lifted their price objective on Applied Materials from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Finally, Morgan Stanley raised their price target on Applied Materials from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.92.

Read Our Latest Stock Report on AMAT

Applied Materials Company Profile

(Get Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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