Aggressive’ Bearish Options Activity Seen in Applied Materials, Inc.

 Aggressive' Bearish Options Activity Seen in Applied Materials, Inc.

In today’s session Applied Materials, Inc. (AMAT) recorded an unusually high (168) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AMAT decrease. With 168 contracts traded and 65614 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AMAT170120P00024000 closed last at: $0.41 or 20.6% up. About 2.48 million shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 34.70% since April 5, 2016 and is uptrending. It has outperformed by 32.75% 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. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, June 10 with “Sector Perform” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Jefferies on Friday, August 14. The firm has “Negative” rating by Susquehanna given on Tuesday, April 19. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Outperform” rating by Credit Suisse on Tuesday, August 9. The rating was maintained by Goldman Sachs with “Buy” on Thursday, June 2. Stifel Nicolaus maintained the shares of AMAT in a report on Monday, August 15 with “Buy” rating. On Monday, October 26 the stock rating was upgraded by Nomura to “Buy”. RBC Capital Markets downgraded Applied Materials, Inc. (NASDAQ:AMAT) rating on Monday, October 5. RBC Capital Markets has “Underperform” rating and $12 price target. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Hold” rating given on Friday, August 14 by Nomura. B. Riley & Co upgraded the stock to “Buy” rating in Friday, May 20 report.

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 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.
Wealthfront holds 0.02% or 25,026 shares in its portfolio. The New York-based Metropolitan Life Insur Ny has invested 0.11% in Applied Materials, Inc. (NASDAQ:AMAT). Clean Yield holds 4,950 shares or 0.05% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 113,314 shares or 0.12% of its portfolio. Tfs Capital Limited Liability last reported 0.07% of its portfolio in the stock. Teachers Retirement Systems Of The State Of Kentucky accumulated 0.05% or 148,300 shares. Srb accumulated 6,175 shares or 0.02% of the stock. Van Eck Corporation has 667,763 shares for 0.08% of their US portfolio. Moreover, Ridgeworth Cap Management Ltd Liability has 1.42% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 6.66 million shares. Benjamin F Edwards And last reported 0% of its portfolio in the stock. Cetera Ltd Company holds 0.15% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 78,140 shares. State Bank Of Nova Scotia, a Ontario – Canada-based fund reported 22,568 shares. Edge Asset Mngmt owns 3.94M shares or 0.84% of their US portfolio. Ameriprise Financial, a Minnesota-based fund reported 9.69M shares. Hutchin Hill Capital Limited Partnership owns 58,300 shares or 0.05% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 7 insider sales for $12.21 million net activity. Shares for $3.00 million were sold by Nalamasu Omkaram. $355,050 worth of Applied Materials, Inc. (NASDAQ:AMAT) shares were sold by Iannotti Thomas J. DICKERSON GARY E sold $6.83 million worth of stock or 229,935 shares. Forrest Stephen R sold 5,000 shares worth $150,000. 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 $30.93 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 22.77 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 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 the news titled: “Applied Materials Becomes Oversold (AMAT)” on October 13, 2016. Seekingalpha.com‘s news article titled: “Applied Materials Excited About Long-Term WFE Prospects” with publication date: October 25, 2016 was also an interesting one.

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