Turtle Creek Wealth Advisors LLC Has $15.84 Million Stock Holdings in Applied Materials, Inc. $AMAT

Turtle Creek Wealth Advisors LLC grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,343 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,545 shares during the period. Applied Materials comprises about 1.2% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 21st biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Applied Materials were worth $15,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of Applied Materials by 0.9% in the first quarter. New York State Teachers Retirement System now owns 631,762 shares of the manufacturing equipment provider’s stock worth $215,930,000 after buying an additional 5,700 shares during the period. Capelight Capital Asset Management LP raised its position in Applied Materials by 100.0% during the first quarter. Capelight Capital Asset Management LP now owns 20,000 shares of the manufacturing equipment provider’s stock valued at $6,836,000 after buying an additional 10,000 shares during the period. Private Advisor Group LLC lifted its stake in Applied Materials by 21.4% in the 1st quarter. Private Advisor Group LLC now owns 48,452 shares of the manufacturing equipment provider’s stock worth $16,560,000 after acquiring an additional 8,557 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Applied Materials in the 1st quarter worth about $8,944,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Applied Materials by 59.2% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 332,858 shares of the manufacturing equipment provider’s stock worth $113,768,000 after acquiring an additional 123,800 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. HC Wainwright set a $850.00 target price on Applied Materials in a report on Monday. Erste Group Bank upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Argus boosted their price objective on shares of Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada upped their price objective on shares of Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Barclays increased their target price on shares of Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $553.56.

Applied Materials News Summary

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied Materials is being highlighted as a key beneficiary of AI infrastructure spending, with coverage emphasizing its role in DRAM and advanced packaging innovations that support next-generation semiconductor growth. Applied Materials, Inc. (AMAT) Discusses DRAM and Advanced Packaging Innovations for AI-Driven Semiconductor Growth Prepared Remarks Transcript
• Positive Sentiment: Investor sentiment was also supported by a Zacks list naming AMAT among the day’s top momentum stocks, reinforcing bullish technical momentum. Best Momentum Stocks to Buy for July 2nd
• Positive Sentiment: Market commentary continues to frame Applied Materials as a behind-the-scenes winner from the AI boom, which could help justify its elevated valuation if chip demand stays strong. Applied Materials Is Silently Powering the AI Boom. Here’s Why.
• Neutral Sentiment: Broader semiconductor stocks sold off as investors took profits after a strong first half, suggesting some of AMAT’s weakness may be sector-driven rather than company-specific. Why Applied Materials (AMAT) Shares Are Falling Today
• Neutral Sentiment: Another report noted AMAT fell more than the overall market in the latest session, but the move was tied to chip-sector weakness rather than a new earnings miss or guidance cut. Applied Materials (AMAT) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: CEO Gary Dickerson disclosed two sizable stock sales, including 20,000 shares sold at $735.22, which can weigh on investor sentiment even though he still retains a very large position. Applied Materials (NASDAQ:AMAT) CEO Sells $14,704,400.00 in Stock

Insider Buying and Selling at Applied Materials

In related news, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 278,088 shares of company stock worth $169,654,805 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Applied Materials Stock Down 7.4%

Shares of Applied Materials stock opened at $603.04 on Friday. The firm has a market cap of $478.79 billion, a price-to-earnings ratio of 56.62, a P/E/G ratio of 1.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67. The stock has a 50-day simple moving average of $495.52 and a 200-day simple moving average of $389.39.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities research analysts expect that Applied Materials, Inc. will post 12.11 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio is 19.91%.

Applied Materials Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.