Applied Materials, Inc. Stock Price Could Go Up After Today’s Bullish Options Activity

 Applied Materials, Inc. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Applied Materials, Inc. (AMAT) registered an unusually high (2,110) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AMAT increase. With 2,110 contracts traded and 56994 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AMAT170120C00035000 closed last at: $0.23 or 4.2% down. About 1.41 million shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 50.14% since April 27, 2016 and is uptrending. It has outperformed by 44.91% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on February, 16. They expect $0.66 earnings per share, up 153.85% or $0.40 from last year’s $0.26 per share. AMAT’s profit will be $720.72M for 12.23 P/E if the $0.66 EPS becomes a reality. After $0.66 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. $35 is the highest target while $12 is the lowest. The $27.26 average target is -15.55% below today’s ($32.28) stock price. Applied Materials Inc. has been the topic of 65 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, June 2 by Goldman Sachs. The firm has “Buy” rating given on Friday, August 12 by Citigroup. Cowen & Co maintained it with “Outperform” rating and $26 target price in Friday, May 20 report. The rating was maintained by B. Riley & Co with “Neutral” on Friday, February 19. As per Thursday, August 13, the company rating was maintained by Deutsche Bank. As per Monday, October 5, the company rating was downgraded by RBC Capital Markets. The company was maintained on Tuesday, August 11 by Pacific Crest. The rating was upgraded by Zacks on Thursday, August 13 to “Sell”. The firm earned “Buy” rating on Thursday, August 6 by Piper Jaffray. Citigroup upgraded the shares of AMAT in a report on Wednesday, May 25 to “Buy” rating.

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 1.17 in 2016 Q2. Its up 0.13, from 1.04 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.
Wellington Management Gru Limited Liability Partnership holds 0.06% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 9.93M shares. Osborn Rohs Williams And Donohoe Limited has 354,380 shares for 1.65% of their US portfolio. Court Place Advisors Limited Liability Corporation owns 13,490 shares or 0.19% of their US portfolio. Lmr Prtn Ltd Liability Partnership holds 101,648 shares or 0.38% of its portfolio. Fukoku Mutual Life Insurance Communication last reported 8,000 shares in the company. Capstone Asset Mgmt owns 110,740 shares or 0.08% of their US portfolio. Thompson Siegel And Walmsley Limited, a Virginia-based fund reported 2,175 shares. Moreover, Prudential Financial Inc has 0.06% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1.56M shares. Nj State Employees Deferred Compensation Plan owns 70,000 shares or 0.36% of their US portfolio. Cullen Frost Bankers, a Texas-based fund reported 20,168 shares. Holderness Invests reported 85,059 shares or 2.05% of all its holdings. Advantus Mgmt Incorporated owns 107,809 shares or 0.07% of their US portfolio. Eaton Vance Mngmt holds 0.01% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 136,577 shares. Hgk Asset has invested 2.14% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Moors And Cabot Inc holds 0.1% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 24,882 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 4 sales for $10.77 million net activity. Forrest Stephen R sold $150,000 worth of stock. Salehpour Ali sold $974,800 worth of stock or 40,000 shares. Another trade for 229,935 shares valued at $6.83M was sold by DICKERSON GARY E. Another trade for 99,491 shares valued at $3.00M was sold by Nalamasu Omkaram.

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The company has a market cap of $35.25 billion.

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: Wsj.com which released: “More Boom, Less Bust for Applied Materials” on November 20, 2016, also Wsj.com published article titled: “Applied Materials Profit Rises 21% But New Orders Miss Expectations”, Forbes.com published: “Ex-Dividend Reminder: Perrigo Company, Evercore Partners and Applied Materials” on November 18, 2016. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) was released by: Nasdaq.com and their article: “Applied Materials (AMAT) Q4 Earnings: Surprise in Store?” with publication date: November 15, 2016.

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