5 Large-Cap Stocks With Insider Buying

In this article, we will discuss the 5 large-cap stocks with insider buying. If you want to explore similar stocks, you can also take a look at 16 Large-Cap Stocks With Insider Buying.

5. Wolfspeed, Inc. (NYSE:WOLF)

Market Cap as of December 14: $10.25 Billion

Number of Hedge Fund Holders: 39

Wolfspeed, Inc. (NYSE:WOLF) is a leading developer, manufacturer and supplier of GaN (gallium nitride) and SiC (silicon carbide) power semiconductor products and services. At the close of Q3 2022, 39 hedge funds were long Wolfspeed, inc. (NYSE:WOLF) and disclosed positions worth $452.98 million. This is compared to 31 positions in the previous quarter with stakes worth $221.87 million.

On November 21, it was reported that director of Wolfspeed, Inc. (NYSE:WOLF), Le Le, acquired 5,000 shares of the company’s common stock at $90.98 per share. The transaction was valued at $0.45 million. As of December 14, Wolfspeed, Inc. (NYSE:WOLF) is worth $10.25 billion on the open market and is placed among the large-cap stocks with insider buying.

This December, Susquehanna analyst Christopher Rolland took coverage of Wolfspeed, Inc. (NYSE:WOLF) with a Neutral rating and a $90 price target.

Here is what Carillon Tower Advisers had to say about Wolfspeed, Inc. (NYSE:WOLF) in its third-quarter 2022 investor letter:

“Wolfspeed, Inc. (NYSE:WOLF) is a key enabler of the adoption of electric vehicles. The company provides components that help electric vehicles charge faster and helps charging stations deliver more power faster. As a pure-play beneficiary of this trend, the company has seen investors appreciate the sizeable lead it has established and the long-term contracts with vehicle manufacturers that provide significant visibility into revenues over the next few years.”

4. Prologis, Inc. (NYSE:PLD)

Market Cap as of December 14: $113.42 Billion

Number of Hedge Fund Holders: 59

Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate with a strong portfolio of industrial properties and warehouses. As of December 14, Prologis, Inc. (NYSE:PLD) is worth $113.42 billion on the open market and is offering a dividend yield of 2.60%.

On November 2, Deutsche Bank analyst Derek Johnston revised his price target on Prologis, Inc. (NYSE:PLD) to $149 from $156 and maintained a Buy rating on the shares.

On November 30, Prologis, Inc. (NYSE:PLD) disclosed that director David P. O’Connor purchased 9,000 common shares of the company’s stock at $114.13 each. The transaction was valued at $1.02 million. Prologis, Inc. (NYSE:PLD) ranks among the large-cap stocks that insiders are buying right now.

At the close of the third quarter of 2022, 59 hedge funds held stakes in Prologis, Inc. (NYSE:PLD). The total value of these stakes amounted to $1.32 billion, up from $941.57 million in the previous quarter with 49 positions. As of September 30, AEW Capital Management is the largest investor in Prologis, Inc. (NYSE:PLD) and has a position worth $253.67 million in the company.

Here is what Baron Funds had to say about Prologis, Inc. (NYSE:PLD) in its third-quarter 2022 investor letter:

“Prologis, Inc. (NYSE:PLD) is the world’s largest industrial REIT. The company owns a high-quality real estate portfolio that is concentrated in major global trade markets and large population centers across the Americas, Europe, and Asia. Prologis has an unmatched global platform, strong competitive advantages (scale, data, and technology), and attractive embedded growth prospects. The company is the only industrial REIT with an ‘A’ credit rating.

Following a year-to-date decline in its shares of approximately 40%, we believe Prologis’ current valuation of only 22 times cash flow (adjusted funds from operations or “AFFO”) and a 4.6% implied capitalization rate is compelling given that the company’s rents on its in-place leases are more than 50% below current market rents, thus providing a strong runway for growth in the next three to five years.

In the third quarter, we acquired additional shares of Prologis, Inc., the world’s largest industrial REIT. We are big fans of CEO Hamid Moghadam and Prologis’ management team and remain optimistic about the company’s long-term growth prospects…” (Click here to read the full text)

3. CME Group Inc. (NASDAQ:CME)

Market Cap as of December 14: $64.27 Billion

Number of Hedge Fund Holders: 60

CME Group Inc. (NASDAQ:CME) is among the world’s largest and most diverse derivatives marketplace. It is a leader in providing investors and traders with access to exchange-traded futures, options, and other products. On December 5, CME Group Inc. (NASDAQ:CME) reported that Robert J. Tierney Jr., director at the company, acquired 1,500 common shares at $176.55 per share. The transaction was valued at $0.26 million. CME Group Inc. (NASDAQ:CME) is one of the large-cap stocks that insiders are buying right now.

On October 27, Deutsche Bank analyst Brian Bedell raised his price target on CME Group Inc. (NASDAQ:CME) to $202 from $200 and reiterated a Buy rating on the shares.

At the end of Q3 2022, 60 hedge funds were bullish on CME Group Inc. (NASDAQ:CME) and disclosed positions worth $2.67 billion. Of those, GuardCap Asset Management was the top investor in the company and held a position worth $740.4 million.

Here is what Baron Funds had to say about CME Group Inc. (NASDAQ:CME) in its third-quarter 2022 investor letter:

“CME Group Inc. (NASDAQ:CME) operates the world’s largest and most diversified derivatives marketplace. Shares fell 13% during the quarter (despite reporting strong average daily trading volume growth of 26% year-over year) due to concerns that EPS growth will slow in 2023 as the rate hike cycle comes to an end. We continue to own the stock due to CME’s strong competitive moats, its product breadth and liquidity depth, its durable growth characteristics driven by the secular shift from uncleared over-the-counter trading to exchange-traded futures, and tailwinds from the rising rate environment.”

2. Intel Corporation (NASDAQ:INTC)

Market Cap as of December 14: $119.12 Billion

Number of Hedge Fund Holders: 69

On November 18 it was disclosed that director Bu Lip Tan bought 50,000 common shares of Intel Corporation (NASDAQ:INTC) at $29.49 per share. The transaction was valued at $1.47 million. As of December 14, Intel Corporation (NASDAQ:INTC) is worth $119.12 billion and is offering a dividend yield of 5.17%.

On November 22, Mizuho analyst Vijay Rakesh reinstated coverage of Intel Corporation (NASDAQ:INTC) with a Neutral rating and $32 price target. This November, Cowen analyst Matthew Ramsay resumed coverage of Intel Corporation (NASDAQ:INTC) with a Market Perform rating and a $31 price target.

At the end of the third quarter of 2022, 69 hedge funds disclosed stakes in Intel Corporation (NASDAQ:INTC). The total value of these stakes amounted to $1.91 billion. As of September 30, Two Sigma Advisors is the largest investor in Intel Corporation (NASDAQ:INTC) and has a position worth $390.4 million in the company.

Here is what ClearBridge Investments had to say about Intel Corporation (NASDAQ:INTC) in its third-quarter 2022 investor letter:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”

1. Datadog, Inc. (NASDAQ:DDOG)

Market Cap as of December 14: $25.61 Billion

Number of Hedge Fund Holders: 74

Datadog, Inc. (NASDAQ:DDOG) is a leading provider of cloud-based services for monitoring and analytics which provide data and insights for customers to optimize their operations. On December 14, Oppenheimer analyst Ittai Kidron upgraded Datadog, Inc. (NASDAQ:DDOG) to Outperform from Perform and reiterated his $105 price target.

On December 7, Datadog, Inc. (NASDAQ:DDOG) disclosed that Matthew Jacobson, one of the company’s directors, purchased 192,154 common shares of the company at $69.35 each. The transaction was valued at $13.32 million. As of December 14, Datadog, Inc. (NASDAQ:DDOG) is valued at $25.61 billion. The stock is placed among the large-cap stocks with insider buying.

At the close of Q3 2022, 74 hedge funds were eager on Datadog, Inc. (NASDAQ:DDOG) and disclosed positions worth $2.56 billion in the company. Of those, Tiger Global Management LLC was the top stockholder in the company and disclosed a position worth $512.7 million.

Here is what Baron Funds had to say about Datadog, Inc. (NASDAQ:DDOG) in its third-quarter 2022 investor letter:

“Similarly, we continued scaling up our investment in Datadog, Inc. (NASDAQ:DDOG), recognizing significant opportunities for the long term, while the majority of investors remain preoccupied with the here and now. While the company may see some short-term headwinds to growth (the company reported seeing some impact to its volume-driven logs and Application Performance Management modules), long-term prospects remain bright, in our view. Datadog reported a best-in-class gross retention rate in the “mid-to-high 90s%,” 74% year-over-year revenue growth, and 21% adjusted operating margins.”

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