Turtle Creek Wealth Advisors LLC Has $11.26 Million Holdings in Applied Materials, Inc. $AMAT

Turtle Creek Wealth Advisors LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,798 shares of the manufacturing equipment provider’s stock after buying an additional 1,899 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Applied Materials were worth $11,256,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Highline Wealth Partners LLC raised its stake in shares of Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 38 shares during the period. Marquette Asset Management LLC raised its stake in shares of Applied Materials by 150.0% in the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Applied Materials in the 3rd quarter valued at about $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of Applied Materials in the 3rd quarter valued at about $31,000. Finally, Optima Capital LLC acquired a new stake in shares of Applied Materials in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Jim Cramer publicly called AMAT “a great buy,” highlighting the company alongside other equipment leaders; that endorsement can lift investor sentiment and retail interest. Jim Cramer on Applied Materials
• Positive Sentiment: Analysts and podcasters (SemiAnalysis) argue DRAM demand from AI will outstrip capacity, implying elevated memory capex — a direct tailwind for equipment suppliers like AMAT. This narrative supports upside to multi-year equipment orders if memory pricing and fab spending accelerate. ‘DRAM Will Double or Triple From Here’
• Positive Sentiment: Applied joined Tesla’s Terafab project, which could lead to equipment supply opportunities if the initiative scales — a potential new revenue channel beyond core foundry/HPC customers. Applied Materials Just Joined the Tesla Terafab Project
• Positive Sentiment: Applied and Advantest deepened ties on the EPIC platform to better link fab processes and automated testing — a strategic move that can shorten time-to-market for advanced AI/HPC chips and make AMAT’s equipment more integral to customers’ value chains. Applied Materials Deepens Chip Test Links
• Neutral Sentiment: Applied set its fiscal Q2 2026 earnings call for May 14 — a near-term catalyst where management guidance and order commentary could drive stock moves either way. Earnings Date Announcement
• Neutral Sentiment: Multiple bullish write-ups and analyst summaries reiterate a favorable long-term thesis (AI + memory capex), but note AMAT’s rich valuation — these pieces support investor interest but also highlight that upside depends on execution and sustained end-market spending. Is Applied Materials a Good Stock To Buy Now?
• Negative Sentiment: Micron is pushing U.S. lawmakers for tighter export restrictions on chipmaking tools; new legislation (and pressure on foreign vendors to align) could limit AMAT’s addressable market in China or complicate sales, creating regulatory risk to revenue. Micron Pushes US Congress on Equipment Sales

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMAT. Zacks Research raised Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Citigroup lifted their price target on Applied Materials from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Morgan Stanley lifted their price target on Applied Materials from $420.00 to $432.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lifted their price target on Applied Materials from $310.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Mizuho lifted their price target on Applied Materials from $370.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $368.29.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $403.91 on Friday. The stock has a market capitalization of $320.55 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 1.80 and a beta of 1.64. The business has a 50-day moving average of $365.19 and a 200-day moving average of $299.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94. Applied Materials, Inc. has a fifty-two week low of $144.71 and a fifty-two week high of $413.82.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.17. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.Applied Materials’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.38 EPS. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. As a group, sell-side analysts predict that Applied Materials, Inc. will post 11.1 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, May 21st. This is an increase from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s dividend payout ratio is 18.83%.

Insider Activity

In other news, CAO Adam Sanders sold 534 shares of Applied Materials stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the sale, the chief accounting officer directly owned 4,625 shares in the company, valued at approximately $1,753,615. The trade was a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judy Bruner sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total transaction of $979,275.00. Following the transaction, the director owned 26,089 shares of the company’s stock, valued at approximately $10,219,322.19. This represents a 8.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 12,003 shares of company stock worth $4,484,189. Corporate insiders own 0.30% of the company’s stock.

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.