Cibc World Market Inc. Has $29.79 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Cibc World Market Inc. cut its Applied Materials stake by 45.6% in the fourth quarter, leaving it with 115,918 shares valued at about $29.79 million.
• Applied Materials reported better-than-expected quarterly results, with EPS of $2.86 on $7.91 billion in revenue, and raised its Q3 2026 guidance to $3.16–$3.56 EPS.
• The company also increased its quarterly dividend to $0.53 per share, while analysts remain largely bullish with a consensus rating of Moderate Buy and an average price target of $470.13.

Cibc World Market Inc. lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 45.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,918 shares of the manufacturing equipment provider's stock after selling 97,191 shares during the quarter. Cibc World Market Inc.'s holdings in Applied Materials were worth $29,790,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Godsey & Gibb Inc. lifted its stake in shares of Applied Materials by 2.6% in the 4th quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider's stock valued at $334,000 after purchasing an additional 33 shares during the period. Family Capital Management Inc. grew its stake in shares of Applied Materials by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider's stock worth $1,086,000 after purchasing an additional 33 shares during the period. Denali Advisors LLC increased its holdings in Applied Materials by 0.7% in the fourth quarter. Denali Advisors LLC now owns 4,582 shares of the manufacturing equipment provider's stock valued at $1,178,000 after purchasing an additional 34 shares during the last quarter. Traveka Wealth LLC lifted its stake in Applied Materials by 2.6% in the fourth quarter. Traveka Wealth LLC now owns 1,404 shares of the manufacturing equipment provider's stock valued at $361,000 after buying an additional 36 shares during the period. Finally, Highline Wealth Partners LLC lifted its stake in Applied Materials by 48.7% in the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock valued at $30,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Buying and Selling

In other news, CAO Adam Sanders sold 268 shares of Applied Materials stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $434.22, for a total value of $116,370.96. Following the sale, the chief accounting officer directly owned 4,280 shares in the company, valued at $1,858,461.60. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy Bruner sold 1,128 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $450.00, for a total transaction of $507,600.00. Following the completion of the sale, the director directly owned 26,544 shares in the company, valued at approximately $11,944,800. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $502.02 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The firm has a market cap of $398.58 billion, a price-to-earnings ratio of 47.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.67. The stock's 50-day moving average is $407.26 and its 200-day moving average is $341.53. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $510.75.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same period last year, the company earned $2.39 earnings per share. Applied Materials's quarterly revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.02 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. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. This is an increase from Applied Materials's previous quarterly dividend of $0.46. Applied Materials's dividend payout ratio (DPR) is 19.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMAT shares. TD Cowen boosted their target price on Applied Materials from $450.00 to $525.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Erste Group Bank raised shares of Applied Materials from a "hold" rating to a "buy" rating in a research note on Monday, April 27th. Citigroup lifted their price target on shares of Applied Materials from $420.00 to $520.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Argus boosted their price target on shares of Applied Materials from $420.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Finally, Wells Fargo & Company upped their price objective on shares of Applied Materials from $435.00 to $520.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $470.13.

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.

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