Applied Materials, Inc. $AMAT Position Increased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors increased its Applied Materials stake by 5.8% in the first quarter, adding 2,545 shares to bring its total to 46,343 shares worth about $15.84 million.
• Institutional ownership remains very heavy, with firms like Vanguard, Capital Research Global Investors, and Norges Bank also holding large positions; overall, institutions own 80.56% of Applied Materials shares.
• Applied Materials reported strong quarterly results, beating earnings and revenue estimates, and analysts remain broadly bullish with a Moderate Buy consensus and an average target price of $553.56.

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 5.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,343 shares of the manufacturing equipment provider's stock after purchasing an additional 2,545 shares during the quarter. Applied Materials makes up approximately 1.2% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 21st largest position. Turtle Creek Wealth Advisors LLC's holdings in Applied Materials were worth $15,840,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Applied Materials by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider's stock valued at $19,731,523,000 after buying an additional 330,197 shares during the last quarter. Capital Research Global Investors grew its position in shares of Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock worth $8,405,458,000 after acquiring an additional 17,829,377 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Applied Materials by 40.1% during the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider's stock worth $2,563,376,000 after acquiring an additional 3,583,751 shares during the last quarter. Morgan Stanley increased its holdings in shares of Applied Materials by 3.4% in the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider's stock worth $2,947,891,000 after acquiring an additional 373,012 shares during the period. Finally, Norges Bank acquired a new stake in shares of Applied Materials in the 4th quarter worth about $2,858,543,000. 80.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Prabu G. Raja sold 50,000 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the sale, the insider owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 146,916 shares of the company's stock, valued at $87,184,361.88. This represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 278,088 shares of company stock worth $169,654,805 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Applied Materials Stock Down 7.4%

Applied Materials stock opened at $603.04 on Friday. The stock has a market cap of $478.79 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 1.81 and a beta of 1.57. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $495.52 and its two-hundred day moving average price is $389.39. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67.

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

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials's dividend payout ratio is 19.91%.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $400.00 to $515.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Seaport Research Partners assumed coverage on shares of Applied Materials in a research note on Monday, May 4th. They issued a "buy" rating and a $500.00 price target on the stock. Zacks Research cut Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Bank of America boosted their price objective on Applied Materials from $540.00 to $720.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised Applied Materials from a "hold" rating to a "buy" rating in a report on Saturday, May 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $553.56.

Key Stories Impacting Applied Materials

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

About Applied Materials

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.

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