Some Traders See Unusual Bullish Options Activity in Applied Materials, Inc.

 Some Traders See Unusual Bullish Options Activity in Applied Materials, Inc.

In today’s session Applied Materials, Inc. (AMAT) registered an unusually high (1,716) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious AMAT increase. With 1,716 contracts traded and 354 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMAT161021C00027500 closed last at: $0.72 or 44.6% down. About 4.47M shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 40.98% since March 14, 2016 and is uptrending. It has outperformed by 35.37% 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. The rating was upgraded by Zacks to “Sell” on Thursday, August 13. Citigroup downgraded Applied Materials, Inc. (NASDAQ:AMAT) on Friday, October 23 to “Neutral” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Stifel Nicolaus on Friday, May 27. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 19. The company was maintained on Thursday, August 6 by Piper Jaffray. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Citigroup on Wednesday, May 25. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, August 14 by Jefferies. On Monday, June 27 the stock rating was upgraded by DA Davidson to “Buy”. On Friday, August 12 the stock rating was maintained by Citigroup with “Buy”. The company was downgraded on Tuesday, August 11 by Summit Research.

According to Zacks Investment Research, “Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products include semiconductor wafer manufacturers and semiconductor integrated circuit manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.”

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.04, from 1 in 2016Q1. The ratio is positive, 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.
Allstate holds 0.07% or 46,481 shares in its portfolio. The New York-based Citigroup Incorporated has invested 0.04% in Applied Materials, Inc. (NASDAQ:AMAT). Liberty Mutual Group Asset Inc last reported 74,657 shares in the company. Fmr Limited Liability Corporation holds 0.11% or 32.62M shares in its portfolio. Nippon Life Insur Company has 63,498 shares for 0.04% of their US portfolio. The Australia-based Westpac Bk has invested 0% in Applied Materials, Inc. (NASDAQ:AMAT). Geode Capital Management, a Massachusetts-based fund reported 9.74 million shares. Moreover, Exane Derivatives has 0% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 8,077 shares. Catalyst Advsrs Ltd Llc has 0.06% invested in the company for 14,250 shares. First Manhattan owns 17,633 shares or 0% of their US portfolio. Mitsubishi Ufj Tru And Bk Corp accumulated 2.75 million shares or 0.14% of the stock. Hgk Asset owns 597,885 shares or 2.14% of their US portfolio. Advantus Mgmt owns 107,809 shares or 0.07% of their US portfolio. Sandy Spring Comml Bank, a Maryland-based fund reported 100 shares. Panagora Asset Mgmt Inc owns 154,827 shares or 0.02% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 7 selling transactions for $12.21 million net activity. Nalamasu Omkaram also sold $3.00M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, September 1. 5,000 shares were sold by Forrest Stephen R, worth $150,000. Another trade for 15,000 shares valued at $355,050 was made by Iannotti Thomas J on Wednesday, May 25. DICKERSON GARY E sold 229,935 shares worth $6.83M. The insider Salehpour Ali sold 40,000 shares worth $974,800.

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 $30.63 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 22.01 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.

AMAT Company Profile

Applied Materials, Inc. (Applied), incorporated on March 18, 1987, provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. The Company’s manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems. The Firm caters to customers, including manufacturers of semiconductor chips, liquid crystal and other displays, solar PV cells, and other electronic devices. It has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including Germany, Israel, Italy, Singapore, Taiwan, the United States and other countries in Asia.

More important recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Profitconfidential.com which released: “Applied Materials, Inc.: This Could Send AMAT Stock Soaring” on October 17, 2016, also Forbes.com published article titled: “Applied Materials Becomes Oversold (AMAT)”, Investorplace.com published: “Look to Applied Materials, Inc. As a Future Growth Stock (AMAT)” on September 27, 2016. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) was released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Applied Materials, Kinder Morgan, Las …” with publication date: October 04, 2016.

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