Russell Investments Group Ltd. increased its stake in Applied Materials, Inc. ($AMAT) by 9.4% during the third quarter, acquiring an additional 119,342 shares to own a total of 1,393,938 shares valued at $285 million. Other institutional investors also adjusted their positions in the company. Analysts have issued new price targets, with a consensus “Moderate Buy” rating and an average price target of $363.46, reflecting positive sentiment about the semiconductor opportunity and AMAT’s market position, despite broader market pressures.
Applied Materials, Inc. $AMAT Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. increased its stake in Applied Materials, Inc. ($AMAT) by 9.4% during the third quarter, acquiring an additional 119,342 shares to own a total of 1,393,938 shares valued at $285 million. Other institutional investors also adjusted their positions in the company. Analysts have issued new price targets, with a consensus “Moderate Buy” rating and an average price target of $363.46, reflecting positive sentiment about the semiconductor opportunity and AMAT’s market position, despite broader market pressures.