CIBC Asset Management Inc Has $87.23 Million Holdings in Applied Materials, Inc. $AMAT

CIBC Asset Management Inc cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 339,605 shares of the manufacturing equipment provider’s stock after selling 9,356 shares during the quarter. CIBC Asset Management Inc’s holdings in Applied Materials were worth $87,225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Applied Materials by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock worth $19,731,523,000 after acquiring an additional 330,197 shares during the period. Capital Research Global Investors boosted its stake in shares of Applied Materials by 225.4% during the 3rd quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock valued at $3,046,057,000 after buying an additional 10,305,182 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 40.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after buying an additional 3,583,751 shares during the period. Norges Bank acquired a new stake in shares of Applied Materials during the 4th quarter valued at $2,858,543,000. Finally, Sanders Capital LLC boosted its stake in shares of Applied Materials by 42.6% during the 3rd quarter. Sanders Capital LLC now owns 10,978,990 shares of the manufacturing equipment provider’s stock valued at $2,247,838,000 after buying an additional 3,280,730 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMAT. Needham & Company LLC lifted their target price on shares of Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, May 15th. HSBC initiated coverage on shares of Applied Materials in a research note on Friday, May 8th. They set a “buy” rating and a $517.00 target price for the company. Mizuho lifted their price target on Applied Materials from $500.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Bank of America lifted their price target on Applied Materials from $465.00 to $540.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Zacks Research lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $470.13.

Insider Transactions at Applied Materials

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

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Jim Cramer said Applied Materials “can’t keep up with demand” and later added that he’s betting the company “will just keep winning,” reinforcing a bullish narrative around AI-driven semiconductor equipment demand. Applied Materials (AMAT) Can’t Keep Up With Demand, Says Jim Cramer
• Positive Sentiment: Applied Materials presented at the Bank of America 2026 Global Technology Conference, keeping the stock in focus and potentially giving management a chance to highlight demand trends, margin outlook, and AI-related opportunities. Applied Materials, Inc. (AMAT) Presents at Bank of America 2026 Global Technology Conference Transcript
• Positive Sentiment: Multiple recent articles describe AMAT as a trending stock and note Wall Street’s bullish view, suggesting investor sentiment remains constructive heading into the next catalyst. Is It Worth Investing in Applied Materials (AMAT) Based on Wall Street’s Bullish Views?
• Positive Sentiment: Another piece highlights AMAT’s growing attention among investors, which can support momentum in a stock that is already trading near its 52-week high. Applied Materials, Inc. (AMAT) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Several commentary pieces discuss Applied Materials’ “real value” and broader AI investment themes, but they do not appear to include a direct new fundamental update that would materially change the near-term outlook. Applied Materials And Its Real Value
• Neutral Sentiment: Broadcom-related coverage mentioned Applied Materials as a partner in new AI data center and network platform announcements, but the impact on AMAT itself appears indirect for now. Why Broadcom (AVGO) Is Up 11.1% After New AI Data Center And Edge Network Platforms

Applied Materials Stock Up 7.0%

Shares of AMAT stock opened at $490.05 on Wednesday. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $491.51. The firm has a market cap of $389.08 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The stock has a 50 day moving average of $399.26 and a 200-day moving average of $335.80. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results 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 company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 12.02 EPS for the current year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.53 per share. 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 dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

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.