5 Best Automation Stocks to Buy Now

3. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Investors in Q4 2022: 70

Applied Materials, Inc. (NASDAQ:AMAT) is a backend semiconductor company that provides automation software for optimizing fab production and performance. The firm is based in Santa Clara, California.

Insider Monkey took a look at 943 hedge fund portfolios for last year’s fourth quarter and found out that 70 had bought Applied Materials, Inc. (NASDAQ:AMAT)’s shares. David Blood and Al Gore’s Generation Investment Management is the firm’s largest investor as it owns 6.9 million shares that are worth $678 million.

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