Applied Mat Option Alert: Jun, 2027 $175 Calls at the Bid: 1000 vs 2417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jun, 2027 $175 Calls at the Bid: 1000 @ $51.7 vs 2417 OI; Earnings 8/14 After Close [est] Ref=$192.77

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (46) near the Bid: 394 vs 2417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (46) near the Bid: 394 @ $51.701 vs 2417 OI; Earnings 8/14 After Close [est] Ref=$192.78

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (5) near the Ask: 210 vs 2417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (5) near the Ask: 210 @ $51.95 vs 2417 OI; Earnings 8/14 After Close [est] Ref=$193.365

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (6) near the Ask: 111 vs 2417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jun, 2027 $175 Calls Sweep (6) near the Ask: 111 @ $51.95 vs 2417 OI; Earnings 8/14 After Close [est] Ref=$193.305

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (8) near the Ask: 113 vs 1417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (8) near the Ask: 113 @ $72.676 vs 1417 OI; Earnings 8/14 After Close [est] Ref=$193.38

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (5) near the Ask: 103 vs 1417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (5) near the Ask: 103 @ $72.8 vs 1417 OI; Earnings 8/14 After Close [est] Ref=$193.39

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (60) near the Bid: 403 vs 1417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (60) near the Bid: 403 @ $73.052 vs 1417 OI; Earnings 8/14 After Close [est] Ref=$193.37

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (15) near the Ask: 183 vs 1417 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jan, 2027 $135 Calls Sweep (15) near the Ask: 183 @ $73.201 vs 1417 OI; Earnings 8/14 After Close [est] Ref=$193.61

Applied Mat Option Alert: Jan 16 $170 Puts at the Ask: 750 vs 1042 OI; Earnings 8/14 After Close [est] 

Applied Mat Option Alert: Jan 16 $170 Puts at the Ask: 750 @ $9.8 vs 1042 OI; Earnings 8/14 After Close [est] Ref=$190.9625

Applied Mat (NASDAQ:AMAT) Stock

APPLIED MATERIALS INC

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.

Applied Materials

Goldman Sachs analyst James Schneider initiates coverage on Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Buy rating and announces Price Target of $225.

News

Price Target

Initiation

Analyst Ratings

AMAT

Goldman Sachs Initiates Coverage On Applied Mat with Buy Rating, Announces Price Target of $225

WIIM

Applied Materials shares are trading higher after Wells Fargo maintained an Overweight rating and raised the price target from $200 to $215.

Wells Fargo analyst Joseph Quatrochi maintains Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Overweight and raises the price target from $200 to $215.

Wells Fargo Maintains Overweight on Applied Mat, Raises Price Target to $215

Redburn Atlantic analyst Timm Schulze-Melander downgrades Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) from Buy to Neutral and lowers the price target from $225 to $200.

Downgrades

Redburn Atlantic Downgrades Applied Mat to Neutral, Lowers Price Target to $200

Citigroup analyst Atif Malik maintains Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Buy and raises the price target from $190 to $220.

Citigroup Maintains Buy on Applied Mat, Raises Price Target to $220

Chipmakers are likely to benefit from the &#8216;One Big Beautiful Bill Act&#8217; passed by the Senate on Tuesday, as they will be eligible for an investment tax credit that can incentivize the semiconductor business.
What Happened: According to the provisions of the tax cut bill proposed by President Donald Trump, the Big Beautiful Bill aims to temporarily increase an investment tax credit for semiconductor manufacturers till the end of 2026.
It would raise the tax credit to 30% of investments in manufacturing facilities, from the current 25%, providing stronger incentives for companies to expand domestic production.
Trump was initially critical of the Chips and Science Act, which granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies, as per the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>.
However, Trump set up a new entity, the <a href="https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more">United States Investment Accelerator</a>, within the Commerce Department, which now oversees the CHIPS Act program, as established by an executive order signed by him. 
The Big Beautiful Bill has now gone back to the House after<a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house"> narrowly passing in the Senate</a>, before the President could finally sign it to make it into a law. 
These are the top chipmakers and the existing beneficiaries of the Chips Act that will benefit from this investment tax credit mentioned within the tax cut bill.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>13.69%</td>
<td>22.58%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>16.35%</td>
<td>56.08%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>5.65%</td>
<td>-20.36%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>14.83%</td>
<td>-15.49%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>15.95%</td>
<td>-21.91%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>2.35%</td>
<td>11.34%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>15.32%</td>
<td>8.37%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>39.40%</td>
<td>-11.02%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>28.62%</td>
<td>-21.82%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>15.99%</td>
<td>6.58%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-12.16%</td>
<td>19.63%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>12.87%</td>
<td>37.22%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-11.08%</td>
<td>-38.54%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-6.90%</td>
<td>-22.05%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: On March 4, during his joint address to Congress, Trump said, "Your Chips Act is a horrible, horrible thing."
He also urged U.S. House Speaker Mike Johnson to "get rid" of it and use "whatever is left over" to "reduce debt or any other reason you want to."
However, the Trump administration has skipped repealing the act with the Investment Accelerator entity and even managed to get the semiconductor firms to invest in the U.S. over and above the Chips Act this year.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) revealed its plans to inject $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative under the Chips Act and bringing total investment to $165 billion.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech">committed over $500 billion</a> to U.S. investments, focusing on AI, silicon engineering, and expanding advanced manufacturing. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, edged higher on Wednesday. The SPY was up 0.45% at $620.45, while the QQQ advanced 0.70% to $550.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">Dan Ives Urges Apple &#8216;To Make A Move,&#8217; Saying That Perplexity Acquisition Is &#8216;A No-Brainer&#8217;: &#8216;It&#8217;s A Matter Of When And Not If&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

AAPL

AVGO

COHR

ENTG

INTC

MCHP

NVDA

QCOM

Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump's Tax Bill Increases Incentives To Make Semiconductors In US

Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) has outperformed the market over the past 20 years by 4.24% on an annualized basis producing an average annual return of 12.7%. Currently, Applied Mat has a market capitalization of $152.74 billion. 
Buying $100 In AMAT: If an investor had bought $100 of AMAT stock 20 years ago, it would be worth $1,128.09 today based on a price of $187.94 for AMAT at the time of writing.
<h3>Applied Mat's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751471119_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Morgan Stanley analyst Joseph Moore maintains Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Equal-Weight and raises the price target from $158 to $169.

Morgan Stanley Maintains Equal-Weight on Applied Mat, Raises Price Target to $169

High-rolling investors have positioned themselves bullish on Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AMAT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Applied Mat. This is not a typical pattern.
The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $46,000, and 11 calls, totaling $1,587,935.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $185.0 for Applied Mat over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
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 $140.0 to $185.0, over the past month.
<h3>Applied Mat Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751386105_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$48.3</td>
<td>$47.9</td>
<td>$48.3</td>
<td>$140.00</td>
<td>$328.4K</td>
<td>402</td>
<td align="right">69</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$17.0</td>
<td>$16.2</td>
<td>$16.2</td>
<td>$165.00</td>
<td>$324.0K</td>
<td>234</td>
<td align="right">200</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$11.95</td>
<td>$11.7</td>
<td>$11.7</td>
<td>$170.00</td>
<td>$232.8K</td>
<td>351</td>
<td align="right">201</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$10.15</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$175.00</td>
<td>$186.0K</td>
<td>1.3K</td>
<td align="right">433</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$9.2</td>
<td>$9.15</td>
<td>$9.2</td>
<td>$175.00</td>
<td>$183.9K</td>
<td>1.3K</td>
<td align="right">433</td>
</tr>
</tbody>
</table>

<h3>About Applied Mat</h3>
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.
Having examined the options trading patterns of Applied Mat, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Applied Mat</h3>
<ul>
<li>With a trading volume of 1,430,194, the price of AMAT is down by -0.08%, reaching $182.91.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 44 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Applied Mat</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $189.0.
Turn $1000 into $1270 in just 20 days?
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. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a positive move, an analyst from Morgan Stanley has upgraded their rating to Equal-Weight and adjusted the price target to $158. 
&#x2A; Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on Applied Mat with a target price of $220. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Applied Mat, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Applied Mat Options Trading: A Deep Dive into Market Sentiment

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/06/30/final-trades-applied-materials-unitedhealth-mercado-libre.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal at Cerity Partners named Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) <a href="https://www.benzinga.com/quote/AMAT/analyst-ratings">as his final trade.</a>
Supporting his view, Cantor Fitzgerald analyst Matthew Prisco maintained an Overweight rating for Applied Materials on June 24, raising the price target from $200 to $220.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>).
Lending support to his choice, JP Morgan analyst Lisa Gill maintained a UnitedHealth Group rating of Overweight on June 20 and raised the price target from $405 to $418.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova is a senior managing director for Virtus Investment Partners, named MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) as his final trade.
Supporting his choice, Susquehanna analyst James Friedman, on June 26, maintained a Positive rating for MercadoLibre and raised the price target from $ 2,840 to $ 2,975.
Price Action:
<ul class="wp-block-list">
<li>Applied Materials shares fell 0.1% to close at $183.07 on Monday.</li>
<li>UnitedHealth Group rose 0.9% to settle at $311.97 during the session.</li>
<li>MercadoLibre shares gained 2.1% to settle at $2,613.63 on Monday.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46169288/5-stocks-in-the-spotlight-wall-streets-most-accurate-analysts-weigh-in">5 Stocks In The Spotlight: Wall Street&#8217;s Most Accurate Analysts Weigh In</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Media

MELI

MercadoLibre, Applied Materials And A Healthcare Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: UnitedHealth Group, MercadoLibre, Applied Materials

Looking into the current session, Applied Mat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) shares are trading at $184.34, after a 0.62% spike. Moreover, over the past month, the stock increased by 13.97%, but in the past year, fell by 23.47%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1751299221_0.png" alt="Past Year Chart" />

<h3>Comparing Applied Mat P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 67.94 in the Semiconductors &amp; Semiconductor Equipment industry, Applied Mat Inc. has a lower P/E ratio of 22.29. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1751299221_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Applied Mat

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$152.50</td>
<td>$30.6K</td>
<td>51.6K</td>
<td>380.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$202.50</td>
<td>$44.2K</td>
<td>5.9K</td>
<td>12.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$142.00</td>
<td>$32.2K</td>
<td>519</td>
<td>11.9K</td>
</tr>
<tr>
<td>ARM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$43.9K</td>
<td>11.0K</td>
<td>1.8K</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$115.00</td>
<td>$71.6K</td>
<td>5.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$120.00</td>
<td>$515.0K</td>
<td>23.4K</td>
<td>748</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$380.00</td>
<td>$26.9K</td>
<td>1.2K</td>
<td>168</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$180.00</td>
<td>$66.4K</td>
<td>234</td>
<td>161</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on June 27, 2025. This event was a transfer of 120 contract(s) at a $152.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $255.0 per contract. There were 51630 open contracts at this strike prior to today, and today 380266 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on July 3, 2025. This event was a transfer of 157 contract(s) at a $202.50 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $282.0 per contract. There were 5926 open contracts at this strike prior to today, and today 12801 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on June 27, 2025. This event was a transfer of 200 contract(s) at a $142.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $161.0 per contract. There were 519 open contracts at this strike prior to today, and today 11920 contract(s) were bought and sold. 
• Regarding ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we observe a put option sweep with bullish sentiment. It expires in 205 day(s) on January 16, 2026. Parties traded 112 contract(s) at a $100.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $43.9K, with a price of $385.0 per contract. There were 11043 open contracts at this strike prior to today, and today 1801 contract(s) were bought and sold. 
• For TWLO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), we notice a call option sweep that happens to be neutral, expiring in 23 day(s) on July 18, 2025. This event was a transfer of 90 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $71.6K, with a price of $795.0 per contract. There were 5370 open contracts at this strike prior to today, and today 1045 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 23 day(s) on July 18, 2025. Parties traded 500 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $515.0K, with a price of $1030.0 per contract. There were 23411 open contracts at this strike prior to today, and today 748 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be neutral, expiring in 51 day(s) on August 15, 2025. This event was a transfer of 8 contract(s) at a $380.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $3365.0 per contract. There were 1257 open contracts at this strike prior to today, and today 168 contract(s) were bought and sold. 
• Regarding AMAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on July 11, 2025. Parties traded 109 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $66.4K, with a price of $610.0 per contract. There were 234 open contracts at this strike prior to today, and today 161 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSTR

TWLO

8 Information Technology Stocks With Whale Alerts In Today's Session

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Shares of chip stocks are trading higher amid overall market strength on Israel-Iran ceasefire hopes.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Goldman Sachs lowered Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) price target from $48 to $46. Goldman Sachs analyst Kate McShane downgraded the stock from Neutral to Sell. Advance Auto Parts shares closed at $51.93 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/AAP/analyst-ratings">view this stock</a>.</li>
<li>Guggenheim increased the price target for Cidara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) from $50 to $68. Guggenheim analyst Seamus Fernandez maintained a Buy rating. Cidara Therapeutics shares closed at $44.95 on Monday. <a href="https://www.benzinga.com/quote/CDTX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised CorMedix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) price target from $15 to $20. Needham analyst Serge Belanger maintained a Buy rating. CorMedix shares closed at $16.56 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/CRMD/analyst-ratings">view this stock</a>.</li>
<li>HC Wainwright &amp; Co. boosted the price target for Lyell Immunopharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYEL#NASDAQ">LYEL</a>) from $1 to $10. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Neutral rating. Lyell Immunopharma shares closed at $8.99 on Monday. <a href="https://www.benzinga.com/quote/LYEL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed the price target for RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) from $199 to $179. Goldman Sachs analyst Kate McShane downgraded the stock from Neutral to Sell. RH shares closed at $186.22 on Monday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut DICK&#8217;S Sporting Goods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) price target from $250 to $240. B of A Securities analyst Robert Ohmes maintained a Buy rating. DICK&#8217;S Sporting shares settled at $175.79 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised MACOM Technology Solutions Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) price target from $250 to $270. B of A Securities analyst Vivek Arya maintained a Buy rating. MACOM Technology Solutions shares closed at $138.65 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc increased Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) price target from $220 to $240. Keybanc analyst Steve Barger maintained an Overweight rating. Westinghouse Air Brake Technologies shares closed at $202.19 on Monday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald raised the price target for Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) from $200 to $220. Cantor Fitzgerald analyst Matthew Prisco maintained an Overweight rating. Applied Materials shares settled at $171.96 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald increased Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) price target from $90 to $115. Cantor Fitzgerald analyst Matthew Prisco maintained an Overweight rating. Lam Research shares closed at $91.61 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying AAP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="554" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24084704/image-361-1024x554.png" alt="" class="wp-image-959828" style="width:540px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24084704/image-361-1024x554.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24084704/image-361-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24084704/image-361-768x415.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24084704/image-361.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Applied Materials To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Tuesday

Across the recent three months, 16 analysts have shared their insights on Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">7</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $190.94, along with a high estimate of $220.00 and a low estimate of $158.00. Highlighting a 6.03% decrease, the current average has fallen from the previous average price target of $203.20. 
<img src="https://www.benzinga.com/files/images/story/2025/1750770040_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Applied Mat by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Prisco</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$158.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Vijay Rakesh</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Srini Pajjuri</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$162.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Matthew Prisco</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Joseph Quatrochi</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$200.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Harlan Sur</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$215.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$160.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$190.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Brian Chin</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$195.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$170.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>Blayne Curtis</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$195.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Applied Mat. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Applied Mat compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Applied Mat's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AMAT/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Applied Mat analyst ratings.</a>
<h2>About Applied Mat</h2>
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.
<h3>Applied Mat: Financial Performance Dissected</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Applied Mat's remarkable performance in 3M is evident. As of 30 April, 2025, the company achieved an impressive revenue growth rate of 6.83%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Applied Mat's net margin is impressive, surpassing industry averages. With a net margin of 30.1%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Applied Mat's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.37%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 6.38%, the company showcases effective utilization of assets.
Debt Management: Applied Mat's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Applied Mat: 16 Analysts Share Their Views

Cantor Fitzgerald analyst Matthew Prisco maintains Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Overweight and raises the price target from $200 to $220.

Cantor Fitzgerald Maintains Overweight on Applied Mat, Raises Price Target to $220

<a href="https://www.benzinga.com/etfs">Semiconductor ETFs</a> were shaken on Friday after a report from The Wall Street Journal indicated that the Trump administration is likely to reimpose stricter trade restrictions on China, a step that promises to revive the U.S.-China tech skirmishes at exactly the wrong time, as the AI-driven chip rally was taking off.
The <a href="https://www.wsj.com/world/china/u-s-prepares-action-targeting-allies-chip-plants-in-china-10ab18a8">report </a>states that U.S. Commerce Department official Jeffrey Kessler warned global chipmakers such as Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Samsung Electronics and SK Hynix (OTCPK: HXSCF) that their existing waivers, which allow them to run chip factories in China with access to American-made equipment, may be revoked at any time. Although a Commerce Department spokesperson later said that chipmakers can continue to remain in China, the threat&#8217;s chilling effect was swift.
TSMC dropped as much as 2.5%, while the Philadelphia Semiconductor Index (SOX) declined some 2%. NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped more than 1.15%. 
<a href="https://www.benzinga.com/markets/tech/25/06/46035836/nvidia-broadcom-marvell-and-other-chip-stocks-fall-on-unexpected-us-move">Equipment companies were not spared</a>: Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) lost more than 1.5%.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46017496/israel-iran-conflict-lifts-crude-above-77-what-it-means-for-oil-etfs">Israel-Iran Conflict Lifts Crude Above $77: What It Means For Oil ETFs</a>
<h1 class="wp-block-heading">ETF Fallout: SMH, SOXX, SOXQ In The Crosshairs</h1>
ETF investors weren&#8217;t immune to the bloodbath. Large chip ETFs such as the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) plunged, dragged down by their significant exposures to Nvidia, TSMC, ASML, and other U.S. chip equipment giants.
SMH has more than 21% in Nvidia,11.5% of its holdings in TSMC and substantial positions in both ASML and Applied Materials.
SOXX, which follows the PHLX Semiconductor Index, is also exposed to U.S.-based chipmakers which might feel the downstream effect of tighter curbs.
<h1 class="wp-block-heading">Looking Ahead: Winners, Losers — And Hedged Plays</h1>
The potential policy change also brings new issues for supply chain resilience and whether deglobalization themes will gain momentum. Investors can start rotating into ETFs with greater U.S.-exposure or into funds that track beneficiaries of reshoring, including:
First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>), which veers towards domestic chipmakers.
Pacer US Cash Cows 100 ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/COWZ#BATS">COWZ</a>), now used more as a defensive equity holding that avoids semis.
SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and others with little China-exposure chip-related holdings.
<h1 class="wp-block-heading">Conclusion</h1>
Although the suggested curbs are not yet agreed and finalized, the reaction in the market highlights how sensitive semiconductor assets are to policy changes. For AI-fueled chip wave ETF investors, this may be a wake-up call, one where geopolitics is as powerful as earnings or the cycle of innovation.
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TSMC, ASML, Nvidia Drag Down Chip ETFs Amid Trump-Era Policy Revival

Shares of Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) shares are trading lower by 2.23% to $169.01 Friday afternoon, as the semiconductor sector broadly declined following <a href="https://www.benzinga.com/markets/tech/25/06/46035836/nvidia-broadcom-marvell-and-other-chip-stocks-fall-on-unexpected-us-move">reports</a> that the U.S. plans to end export waivers allowing chipmakers to ship American technology to China.
What To Know: The move, reported by The Wall Street Journal, is expected to tighten restrictions on companies such as Taiwan Semiconductor, Samsung Electronics and SK Hynix, which have relied on <a href="https://www.benzinga.com/markets/tech/25/06/46035836/nvidia-broadcom-marvell-and-other-chip-stocks-fall-on-unexpected-us-move">exemptions</a> to use U.S. equipment in their Chinese operations.
Applied Materials, a leading supplier of semiconductor manufacturing equipment, stands to be directly affected. The company provides the tools and materials essential for fabricating chips, including deposition, etching and inspection systems.
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46030895/the-palantir-effect-momentum-stocks-are-making-a-killing-like-never-before">The Palantir Effect: Momentum Stocks Are Making A Killing Like Never Before</a>
AMAT's revenue is closely tied to global chip production, especially in China, the world&#8217;s largest semiconductor market. If key customers face new licensing barriers or halt equipment purchases due to regulatory uncertainty, AMAT's sales could suffer.
The policy shift reflects an ongoing U.S. effort to curb Chinese access to advanced chip technologies amid national security concerns. Industry leaders like Arm Holdings CEO Rene Haas and Nvidia's Jensen Huang have criticized the approach, warning it could slow global innovation and disrupt supply chains. 
Investors appear to be pricing in the risk of reduced demand from Chinese chipmakers, leading to Friday's selloff.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMAT has a 52-week high of $255.89 and a 52-week low of $123.74.
<h2 class="wp-block-heading">How To Buy AMAT Stock</h2>
By now you're likely curious about how to participate in the market for Applied Materials&#8217; &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Applied Materials&#8217;, which is trading at $169.89 as of publishing time, $100 would buy you 0.59 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
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Image: Shutterstock

What Applied Materials (AMAT) Stock Is Falling

Investors with a lot of money to spend have taken a bearish stance on Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMAT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 24 uncommon options trades for Applied Mat.
This isn't normal.
The overall sentiment of these big-money traders is split between 4% bullish and 87%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $140,891, and 22 are calls, for a total amount of $1,608,742.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $177.5 for Applied Mat during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Applied Mat stands at 1158.86, with a total volume reaching 9,186.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Mat, situated within the strike price corridor from $150.0 to $177.5, throughout the last 30 days.
<h3>Applied Mat Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750431746_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$19.35</td>
<td>$18.65</td>
<td>$19.0</td>
<td>$155.00</td>
<td>$190.0K</td>
<td>4.1K</td>
<td align="right">201</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$19.2</td>
<td>$18.9</td>
<td>$18.9</td>
<td>$155.00</td>
<td>$188.9K</td>
<td>4.1K</td>
<td align="right">402</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$19.3</td>
<td>$18.8</td>
<td>$18.8</td>
<td>$155.00</td>
<td>$186.1K</td>
<td>4.1K</td>
<td align="right">301</td>
</tr>
<tr>
<td>AMAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$4.3</td>
<td>$3.05</td>
<td>$3.7</td>
<td>$175.00</td>
<td>$89.6K</td>
<td>339</td>
<td align="right">456</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$13.15</td>
<td>$12.25</td>
<td>$12.25</td>
<td>$162.50</td>
<td>$61.2K</td>
<td>28</td>
<td align="right">350</td>
</tr>
</tbody>
</table>

<h3>About Applied Mat</h3>
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.
After a thorough review of the options trading surrounding Applied Mat, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Applied Mat</h3>
<ul>
<li>With a volume of 2,740,455, the price of AMAT is down -3.01% at $167.64. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 55 days.</li>
</ul>
<h3>What Analysts Are Saying About Applied Mat</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $158.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has elevated its stance to Equal-Weight, setting a new price target at $158. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Applied Mat, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on AMAT Options

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Applied Mat

Unusual Options Activity for

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BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:07 AMJul 08, 2025	CALL	$175.00	Jun 17, 2027	705	2406	1000	100	2417	TRADE	BEARISH
10:06 AMJul 08, 2025	CALL	$175.00	Jun 17, 2027	705	1009	394	42	2417	SWEEP	BEARISH
10:04 AMJul 08, 2025	CALL	$175.00	Jun 17, 2027	705	979	210	41	2417	SWEEP	BULLISH
10:04 AMJul 08, 2025	CALL	$175.00	Jun 17, 2027	705	682	111	28	2417	SWEEP	BULLISH
10:02 AMJul 08, 2025	CALL	$135.00	Jan 15, 2027	552	879	113	62	1417	SWEEP	BULLISH
10:02 AMJul 08, 2025	CALL	$135.00	Jan 15, 2027	552	627	103	44	1417	SWEEP	BULLISH
10:02 AMJul 08, 2025	CALL	$135.00	Jan 15, 2027	552	627	403	44	1417	SWEEP	BEARISH
10:02 AMJul 08, 2025	CALL	$135.00	Jan 15, 2027	552	183	183	13	1417	SWEEP	BULLISH
03:20 PMJul 07, 2025	PUT	$170.00	Jan 16, 2026	188	758	750	73	1042	TRADE	BEARISH