Bank of Montreal Can Boosts Stake in Applied Materials

Institutional investor increases holdings in semiconductor equipment manufacturer

Mar. 11, 2026 at 7:20am

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Bank of Montreal Can, an institutional investor, has increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 8.1% during the 3rd quarter, according to a recent SEC filing. The investor now owns 942,626 shares of the manufacturing equipment provider's stock, worth approximately $192,993,000.

Why it matters

Applied Materials is a leading supplier of equipment and services used in the production of semiconductor chips, flat panel displays, and other advanced materials. The increase in Bank of Montreal Can's stake suggests the investor sees long-term growth potential in the company, which could be driven by trends like the growing demand for semiconductors in areas like artificial intelligence and high-performance computing.

The details

According to the SEC filing, Bank of Montreal Can acquired an additional 70,511 shares of Applied Materials during the 3rd quarter, bringing its total stake to 942,626 shares. This represents 0.12% of the company's outstanding shares. Applied Materials is a major supplier of equipment and services used in the production of semiconductor chips, flat panel displays, and other advanced materials.

  • Bank of Montreal Can increased its stake in Applied Materials during the 3rd quarter of 2026.

The players

Bank of Montreal Can

An institutional investor and one of the largest banks in Canada.

Applied Materials, Inc.

A leading supplier of equipment and services used in the production of semiconductor chips, flat panel displays, and other advanced materials.

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The takeaway

The increase in Bank of Montreal Can's stake in Applied Materials suggests the investor sees long-term growth potential in the semiconductor equipment manufacturer, which could be driven by trends like the growing demand for semiconductors in areas like artificial intelligence and high-performance computing.