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AMAT

Applied Materials

$47.01

0.31 (0.66%)

15:04
08/15/19
08/15
15:04
08/15/19
15:04

Applied Materials options imply 6.8% move in share price post-earnings, above median historical move

Pre-earnings options volume in Applied Materials is 1.1x normal with puts leading calls 5:4. Implied volatility suggests the market is anticipating a move near 6.8%, or $3.22, after results are released. Median move over the past eight quarters is 3.3%.

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AMAT Applied Materials
$47.01

0.31 (0.66%)

07/08/19
KEYB
07/08/19
NO CHANGE
KEYB
Ambarella, Silicon Labs could be next as semiconductor M&A heats up, says KeyBanc
KeyBanc analyst John Vinh believes semiconductor M&A activity is starting to heat up again, and sees diversification into secular growth areas in IoT, automotive, and cloud, and increased scale and customer breadth, as key underlying deal drivers within the space. The analyst expects further consolidation to continue, but notes U.S./China political tensions and uncertainty regarding regulatory approvals could limit larger scale M&A. Companies that could be acquired next include Ambarella (AMBA) or Silicon Labs (SLAB), he contends, while expecting Broadcom (AVGO), Applied Materials (AMAT), Intel (INTC), NXP Semiconductors (NXPI), Skyworks (SWKS), Texas Instruments (TXN), and Xilinx (XLNX) to be the most acquisitive.
07/08/19
07/08/19
DOWNGRADE

Neutral
Semiconductor Capital Equipment group cut to Neutral at DA Davidson on valuation
As previously reported, DA Davidson analyst Thomas Diffely cut his ratings on Lam Research (LRCX), Kulicke and Soffa (KLIC), Ichor Holdings (ICHR), Applied Materials (AMAT), and Advanced Energy Services (AEIS) to Neutral from Buy as part of his broader research note downgrading the Semiconductor Capital Equipment group following its "significant" year-to-date appreciation. The analyst cites the delayed recovery in memory along with the "cycle uncertainty" in assigning more "conservative" valuation multiples to these stocks and believes that their risk-reward profiles look "fairly balanced" at current levels. Diffely also lowers his price target on Lam Research to $200 from $225, Kulicke and Soffa to $26 from $30, Ichor Holdings to $25 from $32, Applied Materials to $45 from $55, and Advanced Energy Services to $55 from $60.
07/21/19
GSCO
07/21/19
UPGRADE
Target $56
GSCO
Conviction Buy
Applied Materials upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Toshiya Hari upgraded Applied Materials (AMAT) to Buy from Neutral and added the stock to the firm's Conviction List, citing his belief that meaningful capex cuts and production adjustments from memory chip makers, coupled with recent supply-side disruptions, will result in an improvement in memory supply/demand sooner than previously expected and drive higher levels of Wafer Fab Equipment spending in 2020. The analyst, who now forecasts the WFE market to grow 7% -year-over-year in 2020 compared to his prior assumption of it being flat, still noted he sees downside to Street estimates for the second half and for calendar year 2020. Hari, who raised his 2020 WFE assumptions in both NAND and DRAM, increased his price target on Applied shares to $56 from $48. Hari also upgraded Lam Research (LRCX) to Buy from Neutral and raised his rating on KLA-Tencor (KLAC) to Neutral from Sell, citing similar grounds.
08/12/19
STFL
08/12/19
NO CHANGE
Target $57
STFL
Buy
Applied Materials well positioned to outperform in 2020, says Stifel
In a preview of Applied Materials' (AMAT) July-end quarterly report, Stifel analyst Patrick Ho said he expects the company to meet his $3.52B and 69c revenue and pro-forma EPS estimates and sees the company reiterating some of the same commentary on the current environment that has been made recently by other industry players. However, he continues to believe Applied is well positioned to outperform in 2020, citing its favorable position in TSMC (TSM), which he calls "the leading-edge foundry," as well as an expected recovery in NAND spending and the beginnings of a recovery in display spending. Ho keeps a Buy rating and $57 price target on Applied Materials shares.

TODAY'S FREE FLY STORIES

HTBK

Heritage Commerce

$11.52

-0.08 (-0.69%)

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AMCR

Amcor

$9.99

-0.12 (-1.19%)

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S

Sprint

$6.80

-0.155 (-2.23%)

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  • 23

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CAH

Cardinal Health

$43.74

0.26 (0.60%)

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  • 09

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DIS

Disney

$135.08

-0.25 (-0.18%)

, SNE

Sony

$55.69

-0.02 (-0.04%)

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Periodicals
Disney-Sony dispute ends Feige's involvement with 'Spider-Man,' Deadline says »

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DIS

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SNE

Sony

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AIG

AIG

$53.38

-1.42 (-2.59%)

16:44
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AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:41
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Amcor declares quarterly dividend of 12c per share »

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  • 20

    Aug

KLAC

KLA-Tencor

$140.38

-0.06 (-0.04%)

16:41
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KLA-Tencor officer Amichai Steimberg sells over $1.2M in company shares »

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  • 17

    Sep

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:39
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16:39
Hot Stocks
Amcor approves $500M share buyback »

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  • 20

    Aug

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General News
API crude inventories for week of August 16 »

API reports that crude…

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

16:36
08/20/19
08/20
16:36
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16:36
Earnings
Jack Henry & Associates reports Q4 EPS 79c, consensus 77c »

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  • 21

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CECO

Career Education

$21.94

-0.05 (-0.23%)

16:35
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Career Education VP Michele Peppers sells over $221K in company shares »

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  • 05

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ALC

Alcon

$62.45

0.66 (1.07%)

16:35
08/20/19
08/20
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Earnings
Breaking Earnings news story on Alcon »

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  • 21

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:34
08/20/19
08/20
16:34
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Hot Stocks
Nordson expects flat to modest organic sales growth in FY19 »

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  • 21

    Aug

HD

Home Depot

$217.14

9.165 (4.41%)

, KSS

Kohl's

$44.87

-3.33 (-6.91%)

16:34
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On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

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HD

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$217.14

9.165 (4.41%)

KSS

Kohl's

$44.87

-3.33 (-6.91%)

TJX

TJX

$51.55

(0.00%)

ELAN

Elanco

$27.25

-2.57 (-8.62%)

BAYRY

Bayer

$0.00

(0.00%)

SABR

Sabre

$23.73

-0.2 (-0.84%)

FB

Facebook

$183.76

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ENDP

Endo

$3.02

0.47 (18.43%)

MDT

Medtronic

$106.91

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SRPT

Sarepta

$101.90

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FN

Fabrinet

$46.40

-10 (-17.73%)

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
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Hot Stocks
Breaking Hot Stocks news story on Nordson »

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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:33
08/20/19
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16:33
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16:33
Earnings
Toll Brothers sees FY19 deliveries 7,800-8,100 units »

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  • 21

    Aug

ALC

Alcon

$62.45

0.66 (1.07%)

16:33
08/20/19
08/20
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16:33
Earnings
Alcon reports Q2 core EPS 47c, consensus 48c »

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  • 21

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ORLY

O'Reilly Automotive

$383.21

-2.42 (-0.63%)

16:33
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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
08/20/19
08/20
16:33
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16:33
Earnings
Nordson reports Q3 GAAP EPS $1.62, consensus $1.81 »

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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:32
08/20/19
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16:32
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16:32
Earnings
Toll Brothers reports Q3 EPS $1.00, consensus 82c »

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  • 21

    Aug

16:30
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16:30
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Options
Preliminary option volume of 15.2M today »

Preliminary option volume…

SCSG

SouthCrest Financial Group

$0.00

(0.00%)

16:28
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SouthCrest Financial Group announces $5M share repurchase pact »

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BP

BP

$36.44

-0.42 (-1.14%)

16:25
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Initiation
BP initiated  »

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  • 27

    Aug

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ABBV

AbbVie

$66.38

-0.17 (-0.26%)

16:23
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AbbVie VP Jeffrey Stewart buys over $1M in company shares »

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  • 09

    Sep

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