AAL

Analysts Conduct Mixed Adjustments on Apple Supplier

The semiconductor company reported a fiscal second-quarter earnings and revenue miss

Deputy Editor
May 15, 2020 at 2:39 PM
facebook X logo linkedin


The shares of Applied Materials Inc (NASDAQ:AMAT) are down 5.3% at $51.52 at last check, after the Apple supplier reported fiscal second-quarter earnings and revenue that both missed their marks. Following the report, analysts chimed in with mixed sentiment. Three analysts hiked up their price targets -- the highest coming from Stifel to $75 -- while another three cut theirs, UBS down to $56. 

AMAT has been trading sideways recently, repeatedly turned away by the $54 region, although support has emerged at the upward-sloping 30-day moving average. Up 2.4% in the last month, the equity remains down 15.3% so far year-to-date. 

amat intraday may 15

Coming into today, analysts leaned bullish on the semiconductor stock, with 13 out of 18 in coverage sporting a "buy" or better and the remaining five at a tepid "hold" rating. Meanwhile, the 12-month consensus price target of $67.9 is a 31.5% premium to current levels. 

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 2.17 calls have been bought for every put in the past 10 days. This ratio sits in the 72nd percentile of its annual range, suggesting the appetite for calls is higher than usual.

The options pits reveal a similar trend today. So far, 50,000 calls and 24,000 puts have crossed the tape-- four times the usual daily volume. Most popular is the June 50 put and the May 55 call, with new positions being opened at the former. There also appears to be sell-to-open activity at the June 41 put.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.