Kornitzer Capital Management Inc. KS significantly reduced its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 39.4% in the third quarter of 2026. This divestment occurred amidst strong financial results from Silicon Motion, which reported impressive quarterly EPS and revenue growth, and an increase in its quarterly dividend. Analysts maintain a "Moderate Buy" consensus rating for SIMO, with an average price target of $331.25.

Calamos Wealth Management LLC reduced its stake in International Business Machines (NYSE:IBM) by 30.9% in the third quarter, selling 2,569 shares and retaining 5,750 shares valued at approximately $1.27 million. IBM recently reported strong quarterly earnings, beating consensus estimates with EPS of $2.95 and revenue of $17.1 billion, a 4.7% year-over-year increase. Analysts maintain a "Moderate Buy" rating with an average price target of $266.88, and IBM announced a quarterly dividend of $1.69 per share.

Applied Materials (AMAT) stock has risen approximately 30% year-to-date despite a significant decline from its June high, driven by strong financial performance and continued demand in semiconductor manufacturing. The company appears potentially undervalued based on earnings forecasts, with normalized EPS projected to increase substantially by fiscal 2028. Investors are closely watching the upcoming fiscal fourth-quarter results on November 12 for revenue guidance and management's outlook for fiscal 2027 to assess whether the company's growth potential justifies its current valuation.

Ethic Inc. increased its stake in Advanced Micro Devices (NASDAQ:AMD) by 5.7% in the third quarter, acquiring an additional 9,931 shares to hold a total of 182,801 shares valued at $111.83 million. Several other institutional investors also increased their holdings, with institutional investors now owning 71.34% of AMD. This increase follows AMD's strong Q3 results, which saw revenue rise by 44.7% year-over-year to $13.38 billion, driven by strong AI and data-center demand.

ServiceNow has shifted from a net cash position to net debt within nine months, spending over $9 billion on acquisitions primarily in AI and cybersecurity. This aggressive expansion, including the purchases of Armis and Veza, has led to increased debt, higher interest expenses, and rising subscription costs. The company is also undergoing workforce restructuring and has approved significant executive compensation packages, despite a decline in GAAP net income.

Fifth Third Securities Inc. initiated a new position in Apple Inc. by purchasing 2,007 shares valued at approximately $669,000 in the third quarter. Institutional investors now collectively own 67.73% of Apple shares. The iPhone maker recently reported strong quarterly earnings, beating analyst estimates, but faces potential challenges from rising memory costs and supply constraints.

Alps Advisors Inc. significantly increased its stake in ePlus inc. by 2,235.7% in the third quarter, acquiring an additional 148,112 shares to hold a total of 154,737 shares valued at $13.9 million. This increase follows ePlus reporting strong quarterly earnings, beating analyst expectations for both EPS and revenue. The company also announced a quarterly dividend of $0.27 per share, while institutional investors now own 93.80% of the stock.

International Assets Investment Management LLC increased its stake in International Business Machines (IBM) by 22.3% in the third quarter, adding 3,226 shares to hold a total of 17,720 shares valued at approximately $4.0 million. IBM recently surpassed quarterly earnings estimates with an EPS of $2.95 and revenue of $17.10 billion, marking a 4.7% year-over-year increase. Analysts maintain a "Moderate Buy" rating for IBM with an average price target of $266.88, driven by initiatives in quantum computing and positive sentiment regarding the company's future growth.

CenterBook Partners LP significantly increased its stake in eBay Inc. during the third quarter, acquiring an additional 36,455 shares and bringing its total holdings to 45,995 shares valued at approximately $4.88 million. This comes amidst mixed analyst ratings, with a consensus "Hold" but varying price targets, and eBay reporting strong quarterly earnings that surpassed analyst estimates. Insider activity shows some sales by executives, while the company also announced a quarterly dividend.

Mirae Asset Global Investments Co. Ltd. recently acquired 16,476 shares of NetEase, Inc. (NASDAQ: NTES) for approximately $2.0 million in the third quarter, establishing a new position in the technology company. This transaction is part of broader institutional activity, with several other hedge funds also adjusting their holdings in NetEase. Despite a recent dividend cut, analysts maintain a "Moderate Buy" consensus rating for NetEase, with an average price target of $159.86.