Wunderlich Capital Managemnt increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,037 shares of the manufacturing equipment provider’s stock after buying an additional 87 shares during the quarter. Wunderlich Capital Managemnt’s holdings in Applied Materials were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMAT. Bessemer Group Inc. raised its position in shares of Applied Materials by 145.4% during the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares during the period. Hanson McClain Inc. raised its position in shares of Applied Materials by 4.3% during the 1st quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock valued at $131,000 after buying an additional 139 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Applied Materials during the 2nd quarter valued at approximately $134,000. First Interstate Bank raised its position in shares of Applied Materials by 7.0% during the 1st quarter. First Interstate Bank now owns 3,528 shares of the manufacturing equipment provider’s stock valued at $137,000 after buying an additional 232 shares during the period. Finally, D. Scott Neal Inc. purchased a new stake in shares of Applied Materials during the 2nd quarter valued at approximately $146,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

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In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 price target on shares of Applied Materials in a research report on Monday, August 14th. B. Riley reaffirmed a “buy” rating and set a $61.00 price target on shares of Applied Materials in a research report on Saturday, August 19th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price target on the stock in a research report on Thursday, June 29th. Finally, BidaskClub lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and a consensus target price of $56.64.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 0.872% during trading on Friday, hitting $53.775. 3,497,322 shares of the company were exchanged. The stock has a market cap of $57.35 billion, a P/E ratio of 19.117 and a beta of 1.86. The company’s 50-day moving average price is $47.83 and its 200 day moving average price is $44.23. Applied Materials, Inc. has a 12 month low of $27.74 and a 12 month high of $54.13.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. On average, equities analysts predict that Applied Materials, Inc. will post $3.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is 14.18%.

About Applied Materials

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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