Turtle Creek Wealth Advisors LLC Has $8.58 Million Position in Applied Materials, Inc. $AMAT

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.1% during the third quarter, HoldingsChannel.com reports. The firm owned 41,899 shares of the manufacturing equipment provider’s stock after acquiring an additional 4,848 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Applied Materials were worth $8,578,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Applied Materials during the 2nd quarter valued at $1,604,002,000. Sanders Capital LLC purchased a new stake in shares of Applied Materials during the second quarter worth $1,409,320,000. Alliancebernstein L.P. boosted its position in Applied Materials by 72.5% during the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after purchasing an additional 5,700,349 shares during the last quarter. Pacer Advisors Inc. increased its position in Applied Materials by 1,704.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider’s stock worth $499,483,000 after purchasing an additional 2,304,369 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Applied Materials by 417.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,732,015 shares of the manufacturing equipment provider’s stock worth $317,053,000 after purchasing an additional 1,397,217 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $327.01 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $263.24 and a 200-day simple moving average of $219.16. The stock has a market capitalization of $259.30 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 3.38 and a beta of 1.67. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $331.00.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s payout ratio is currently 21.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DZ Bank raised Applied Materials from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. B. Riley reiterated a “buy” rating on shares of Applied Materials in a research note on Thursday. Sanford C. Bernstein reissued a “market perform” rating and issued a $325.00 target price on shares of Applied Materials in a research report on Monday, January 12th. UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and increased their price target for the stock from $250.00 to $285.00 in a research note on Tuesday, November 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Applied Materials from $290.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday. Twenty-three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $286.89.

Insider Buying and Selling

In other news, CAO Adam Sanders sold 609 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the transaction, the chief accounting officer owned 4,413 shares in the company, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president directly owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This represents a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,609 shares of company stock valued at $2,044,898. Corporate insiders own 0.24% 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.