2 Months Ago, shares have been suggested as “BUY” from “1” brokerage firms and recommended as “Strong Buy” by “10” brokerage firms. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The last trading range of the stock ranges between $45.41 and $49.59. The shares were sold at an average price of $23.67, for a total transaction of $355,050.00. AMAT has a float of 1.09 billion shares and traded 1.36 times the normal daily trading volume on Thursday. The disclosure for this sale can be found here. The latest trading activity showed that the Applied Materials Inc price went down -0.25% from its 52-week low and trades up 97.26% versus its 52-week high. The shares, which traded within a range of $27 to $27.43 during the day, are up by 37.6% in the past three months and up by 60.5% over the past six months.
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The stock’s 50 day moving average is 26.13 and its 200 day moving average is 22.08. It has market cap of $30.15B.
Indicating how profitable Applied Materials, Inc. The manufacturing equipment provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02.
A number of analysts rated the stock as well: 5 analysts believe that the stock is a STRONG BUY while 16 reported it as Buy.2 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL. The consensus estimates called for fourth fiscal quarter revenues of $2.87 billion and EPS of $0.48. The stock’s price to price to book (P/B) ratio for most recent quarter was disclosed as 4.05 and its price to sales (P/S) ratio for the last one year was 5.82. Analysts anticipate that Applied Materials will post $1.54 EPS for the current year. Price T Rowe Associates Inc.
Applied Materials stock was up 4.5% in after-hours trading, after the chip-gear maker released its earnings report and after closing up 1.4%, at 27.68, during the regular session in the stock market today, closing just below a 14-year high touched Monday.
Analysts had been modeling $2.84 billion and 48 cents a share.
As of current trade, Applied Materials, Inc.
Company latest quarter ended on 30 April 2016, company announced earnings of $0.34. Lazard Asset Management LLC now owns 14,935,512 shares of the manufacturing equipment provider’s stock worth $316,333,000 after buying an additional 124,092 shares during the period. First PREMIER Bank acquired a new position in shares of Applied Materials during the second quarter valued at $120,000.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in AMAT.
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Put Sell: However, if you’re not sold on AMAT’s rally, or if a more neutral-to-bullish stance fits your outlook for Applied Materials earnings report, an August 19 series $25 strike put sell may be more of a fit. Bank of America Corp. restated a “buy” rating on shares of Applied Materials in a research report on Monday, June 6th. The company had revenue of $2821.00 million for the quarter, compared to analysts expectations of $2838.86 million. Zacks identify these stocks by computing the price-to-book ratio.
