Market Filing: William C. Martin’s Raging Capital Management Just Opened Huge Intermolecular Inc Position

Market Filing: William C. Martin's Raging Capital Management Just Opened Huge Intermolecular Inc Position

The New William C. Martin’s Raging Capital Management Holding in Intermolecular Inc

Raging Capital Management filed with the SEC SC 13D/A form for Intermolecular Inc. The form can be accessed here: 000092189516006205. As reported in William C. Martin’s Raging Capital Management’s form, the filler as of late owns 29.3% or 14,516,657 shares of the Information Technology–company.

Intermolecular Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 15, 2016. We feel this shows William C. Martin’s Raging Capital Management’s positive view for the stock. For a hedge fund managing $631.31 million in assets and having 7+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of William C. Martin’s Raging Capital Management’s US equities portfolio is in this sector.

Intermolecular Inc Institutional Sentiment

Latest Security and Exchange filings show 28 investors own Intermolecular Inc. The institutional ownership in Q3 2015 is low, at 6.42% of the outstanding shares. This is increased by 490957 the total institutional shares. 17460219 were the shares owned by these institutional investors. In total 4 funds opened new Intermolecular Inc stakes, 11 increased stakes. There were 1 that closed positions and 4 reduced them.

Thompson Siegel & Walmsley Llc is an institutional investor bullish on Intermolecular Inc, owning 2400 shares as of Q3 2015 for less than 0.01% of its portfolio. Davenport & Company Llc owns 10000 shares or less than 0.01% of its portfolio. PA Symmetry Peak Management Llc have 0.28% of their stock portfolio for 881207 shares. Further, 683 Capital Management Llc reported stake worth 0.03% of its US stock portfolio. The NJ Raging Capital Management Llc owns 11349627 shares. Intermolecular Inc is 2.82% of the manager’s US portfolio.

Business Profile

IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors. The Company works with industrial customers across a range of sectors, including energy, transportation and infrastructure. The Company has manufacturing facilities in approximately 20 countries and operates in global service network.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

William C. Martin’s Raging Capital Management website.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.37, from 1.5 in 2016Q1. The ratio dived, as 7 funds sold all IMI plc shares owned while 8 reduced positions. 8 funds bought stakes while 9 increased positions. They now own 19.16 million shares or 0.41% more from 19.08 million shares in 2016Q1.

Goldman Sachs Group has 33,439 shares for 0% of their US portfolio. Tower Research Limited (Trc) reported 6,782 shares or 0% of all its holdings. The Texas-based Employees Retirement System Of Texas has invested 0.01% in IMI plc (LON:IMI). Rbf Ltd Liability Company last reported 18,971 shares in the company. Ingalls And Snyder Llc holds 10,000 shares or 0% of its portfolio. Spark Limited Liability Com reported 66,700 shares or 0.01% of all its holdings. Price T Rowe Assoc Inc Md holds 674,200 shares or 0% of its portfolio. Blackrock Fund Advisors has 0% invested in the company for 66,715 shares. Grt Capital Prtn Ltd last reported 0.02% of its portfolio in the stock. Vanguard Gru Incorporated reported 657,454 shares or 0% of all its holdings. Deutsche Retail Bank Ag has 31,611 shares for 0% of their US portfolio. Geode Cap Management Limited Liability holds 0% of its portfolio in IMI plc (LON:IMI) for 77,331 shares. Northern Trust Corporation last reported 0% of its portfolio in the stock. Dimensional Fund Advsrs L P has 0% invested in the company for 30,999 shares. Raging Mgmt Lc has 11.35M shares for 2.58% of their US portfolio.

Insider Transactions: Since August 9, 2016, the stock had 3 buys, and 0 insider sales for $2.34 million net activity. On Tuesday, August 9 the insider MARTIN WILLIAM C bought $2.20 million. FEDERMAN IRWIN had bought 100,000 shares worth $124,992 on Friday, August 12.

The stock increased 3.71% or GBX 33.91 on November 17, hitting GBX 947.91. About 977,143 shares traded hands or 24.74% up from the average. IMI plc (LON:IMI) has declined 2.92% since April 20, 2016 and is downtrending. It has underperformed by 7.54% the S&P500.

IMI plc is a United Kingdom-based specialist engineering company. The company has a market cap of 2.58 billion GBP. The Firm is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. It has a 24.69 P/E ratio. The Firm operates though the following divisions: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.

IMI plc (LON:IMI) Ratings Coverage

Out of 22 analysts covering IMI PLC (LON:IMI), 5 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 23% are positive. GBX 1500 is the highest target while GBX 700 is the lowest. The GBX 1019.16 average target is 7.52% above today’s (GBX 947.91) stock price. IMI PLC has been the topic of 134 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of IMI plc (LON:IMI) earned “Hold” rating by Jefferies on Monday, August 1. Nomura maintained IMI plc (LON:IMI) on Monday, November 9 with “Reduce” rating. Numis Securities maintained it with “Hold” rating and GBX 1000 target price in Friday, August 12 report. RBC Capital Markets maintained IMI plc (LON:IMI) on Monday, November 9 with “Sector Perform” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, December 15. The rating was maintained by JP Morgan on Monday, August 3 with “Overweight”. The stock has “Hold” rating given by Investec on Monday, August 10. The rating was maintained by JP Morgan with “Neutral” on Monday, August 1. The stock has “Equal Weight” rating given by Barclays Capital on Monday, August 1. The company was maintained on Friday, April 15 by Numis Securities.

Another recent and important IMI plc (LON:IMI) news was published by Fool.Co.Uk which published an article titled: “Will IMI plc, Filtronic plc and Costain Group plc rise or fall by 20% in 2016?” on May 05, 2016.

According to Zacks Investment Research, “Intermolecular, Inc. provides high productivity combinatorial technology products and services in order to accelerate research and development, innovation and time-to-market for the semiconductor and clean-energy industries. It also develops technology and intellectual property for its customers. The Company’s customers include semiconductor device, semiconductor materials and equipment, and clean-energy companies. Intermolecular, Inc. is headquartered in San Jose, California.”

IMI Company Profile

Intermolecular, Inc., incorporated on June 16, 2004, provides solutions for the evaluation and development of engineered thin-film materials for next generation technology products. The Firm is a partner for the innovation of advanced materials using high throughput experimentation. The Company’s high productivity combinatorial (HPC) platform consists of tempus processing tools, automated characterization methods, and Informatics analysis software, which is purpose-built for research and development (R&D) using combinatorial process systems in concert with established chemical vapor deposition (CVD), physical vapor deposition (PVD) and atomic layer deposition (ALD) deposition methods. Combinatorial processing is a methodology for experimentation, discovery and development that employs parallel and other high-throughput experimentation. It begins the development and discovery process by working with its clients to define the specific requirements.

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