13 Best Semiconductor Equipment Stocks to Buy According to Hedge Funds 

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2. Applied Materials Inc (NASDAQ:AMAT)

Number of Hedge Fund Holders In Q2 2025: 81

Applied Materials Inc (NASDAQ:AMAT) sells a variety of machines used in several parts of the chip fabrication process. These include etching, deposition, cleaning, and inspection. As a result, Applied Materials Inc (NASDAQ:AMAT)’s machines allow chip manufacturers to deposit and remove the materials that are used to print circuits and then clean the wafer before inspecting it for any defects.

Applied Materials Inc (NASDAQ:AMAT)’s shares have gained 40% year-to-date after recovering from the dip they experienced between mid-August and early September. According to media reports, the shares dipped in August after the firm’s fiscal third-quarter earnings report. While Applied Materials Inc (NASDAQ:AMAT) beat analyst EPS and revenue estimates, its fiscal fourth-quarter EPS and revenue guidance of $2.11 and $6.7 billion missed analyst estimates of $2.39 and 7.34 billion. The lower guidance was due to uncertainty in its China sales as the impact of tariffs was unclear.

Applied Materials Inc (NASDAQ:AMAT) is due to report its fiscal fourth-quarter earnings on November 13th. The average estimate of 26 analysts posted on Yahoo Finance for the firm’s revenue is $6.68 billion, while for the revenue it is $2.1.

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