Applied Materials Whale Trades For September 02
A whale with a lot of money to spend has taken a noticeably bearish stance on Applied Materials.
Looking at options history for Applied Materials (NASDAQ:AMAT) we detected 10 strange trades.
Why Applied Materials Shares Are Trading Lower
Applied Materials, Inc. (NASDAQ: AMAT) shares are trading lower by 4.03% to $90.28 Thursday morning. Shares of several chips and semiconductors companies are trading lower after the U.S. government imposed export restrictions on the chipmakers.
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$1000 Invested In Applied Materials 15 Years Ago Would Be Worth This Much Today
Applied Materials (NASDAQ:AMAT) has outperformed the market over the past 15 years by 3.67% on an annualized basis producing an average annual return of 10.54%. Currently, Applied Materials has a market capitalization of $82.39 billion.
TSMC Chief Blames Low-End Chips For Hindering Supply Chain; Sees Higher Prices For High-End Chips
Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) CEO C.C. Wei warned that an endemic chip crisis costing anywhere from $0.50…
2 Applied Materials Analysts See ‘No Big Surprises’ And Strong Demand, But Are There Clouds On The Horizon?
Applied Materials, Inc. (NASDAQ: AMAT) reported adjusted earnings of $1.94 a share on sales of $6.52 billion for the second quarter, surpassing Street expectations of $1.78 a share in earnings on sales of $6.27 billion. The company also raised its guidance for fiscal 2023.
Wells Fargo Maintains Overweight Rating for Applied Materials: Here’s What You Need To Know
Wells Fargo has decided to maintain its Overweight rating of Applied Materials (NASDAQ:AMAT) and raise its price target from $120.00 to $125.00.
Shares of Applied Materials are trading down 3.33% over the last 24 hours, at $104.67 per share.
Craig-Hallum Maintains Buy on Applied Materials, Lowers Price Target to $126
Craig-Hallum analyst Christian Schwab maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $145 to $126.
Where Applied Materials Stands With Analysts
Analysts have provided the following ratings for Applied Materials (NASDAQ:AMAT) within the last quarter:
JP Morgan Maintains Overweight on Applied Materials, Lowers Price Target to $140
JP Morgan analyst Harlan Sur maintains Applied Materials (NASDAQ:AMAT) with a Overweight and lowers the price target from $158 to $140.