On November 14, Harvey Partners disclosed a new stake in Materion Corporation, acquiring 318,000 shares valued at $38.4 million. The position represents 3.4% of the fund’s assets under management, ranking outside the top five holdings.

Materion is a leading supplier of advanced engineered materials, serving high-growth industries with specialized products critical to applications in semiconductors, aerospace, and defense. The company reported strong third-quarter results, showcasing steady value-added growth and margin expansion in key segments.

Harvey Partners’ new position reflects Materion’s strengthened fundamentals, with shares climbing toward record highs. Third-quarter net sales reached $444.8 million, with improved net income and operating profit. Materion’s focus on optics and semiconductors positions it well for sustained earnings growth in the future.

Read more at Yahoo Finance: This Hedge Fund’s Materion Stake Tops $38 Million as Earnings Strength Pushes Shares Near Record Highs