Looking At Applied Mat's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Applied Mat AMAT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMAT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Applied Mat. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 41% leaning bullish and 41% bearish. Among these notable options, 7 are puts, totaling $253,664, and 5 are calls, amounting to $207,742.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $210.0 for Applied Mat, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Applied Mat's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Applied Mat's significant trades, within a strike price range of $70.0 to $210.0, over the past month.

Applied Mat Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Applied Mat

Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Following our analysis of the options activities associated with Applied Mat, we pivot to a closer look at the company's own performance.

Where Is Applied Mat Standing Right Now?

• With a trading volume of 2,920,877, the price of AMAT is down by -1.23%, reaching $169.03.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 63 days from now.

What Analysts Are Saying About Applied Mat

In the last month, 5 experts released ratings on this stock with an average target price of $221.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from B of A Securities has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $210. * Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Applied Mat with a target price of $225. * An analyst from Wells Fargo persists with their Overweight rating on Applied Mat, maintaining a target price of $220. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $250. * Consistent in their evaluation, an analyst from Deutsche Bank keeps a Hold rating on Applied Mat with a target price of $200.

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