Applied Materials, Inc. Unusual Bullish Options Activity Means Profits for Traders

 Applied Materials, Inc. Unusual Bullish Options Activity Means Profits for Traders

In today’s session Applied Materials, Inc. (AMAT) registered an unusually high (451) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious AMAT increase. With 451 contracts traded and 51574 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: AMAT180119C00045000 closed last at: $0.39 or 11.4% up. The stock decreased 1.04% or $0.31 during the last trading session, hitting $29.61. About 8.48 million shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 51.92% since March 2, 2016 and is uptrending. It has outperformed by 42.68% the S&P500.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Out of 22 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 20 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 91% are positive. Applied Materials Inc. has been the topic of 65 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was maintained by Piper Jaffray. The stock has “Outperform” rating given by Cowen & Co on Friday, May 20. The firm earned “Overweight” rating on Thursday, March 10 by Pacific Crest. Citigroup maintained the stock with “Buy” rating in Friday, August 19 report. The firm has “Negative” rating given on Tuesday, April 19 by Susquehanna. The rating was upgraded by Nomura to “Buy” on Monday, October 26. B. Riley & Co maintained it with “Buy” rating and $33 target price in Thursday, August 11 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Overweight” rating by Morgan Stanley on Tuesday, December 15. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 13. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by UBS on Friday, August 19.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.04, from 1 in 2016Q1. The ratio increased, as 47 funds sold all Applied Materials, Inc. shares owned while 232 reduced positions. 88 funds bought stakes while 202 increased positions. They now own 848.54 million shares or 6.77% less from 910.17 million shares in 2016Q1.
Intact Invest Mngmt has 26,100 shares for 0.03% of their US portfolio. Tru Department Mb Bank & Trust N A last reported 0% of its portfolio in the stock. The Missouri-based Jag Mngmt Llc has invested 1.96% in Applied Materials, Inc. (NASDAQ:AMAT). Delta Asset Mgmt Ltd Co Tn holds 0% or 1,000 shares in its portfolio. Alkeon Cap Management Lc has invested 1.74% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Caldwell And Orkin Inc last reported 232,700 shares in the company. Amer Natl Insurance Tx last reported 0.02% of its portfolio in the stock. The Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Jupiter Asset Ltd has 249,075 shares for 0.23% of their US portfolio. Capital Investment Counsel Inc accumulated 38,700 shares or 0.48% of the stock. Moreover, Prudential Fincl has 0.06% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1.56M shares. Conning has 28,245 shares for 0.03% of their US portfolio. Court Place Advsr Ltd Liability Corporation reported 13,490 shares or 0.19% of all its holdings. Soros Fund Ltd Liability reported 373,596 shares or 0.19% of all its holdings. Nippon Life Ins has 63,498 shares for 0.04% of their US portfolio.

Insider Transactions: Since April 6, 2016, the stock had 0 insider buys, and 6 selling transactions for $5.38 million net activity. Nalamasu Omkaram sold $784,955 worth of stock. Forrest Stephen R had sold 5,000 shares worth $150,000. Another trade for 15,000 shares valued at $355,050 was sold by Iannotti Thomas J. 40,000 shares with value of $974,800 were sold by Salehpour Ali on Friday, June 3. JAMES SUSAN M. sold 8,980 shares worth $186,604.

Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The company has a market cap of $31.76 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 23.17 P/E ratio. The Company’s manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems.

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