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Alight Capital Management LP Buys Shares of 50,000 Applied Materials, Inc. $AMAT
Alight Capital Management LP recently acquired 50,000 shares of Applied Materials, Inc. (NASDAQ:AMAT) for approximately $10,237,000, making it their 12th largest position and 2.2% of their portfolio. Other institutional investors also increased their stakes, bringing total hedge fund ownership to 80.56%. The article also details AMAT’s stock performance, recent earnings, a dividend increase, and positive analyst ratings, despite some insider selling.