5 Best Performing Semiconductor Stocks of 2021

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

Number of Hedge Fund Holders: 68 

Year-To-Date Gain: 73%  

Applied Materials, Inc. (NASDAQ:AMAT) provides manufacturing and software services to the semiconductor industry. The company has a market cap of $129 billion and posted $23 billion in revenue in the last fiscal year. 

On November 23, investment advisory Lynx reiterated a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) stock and raised the price target to $200 from $140. KC Rajkumar and Jahanara Nissar issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Generation Investment Management is a leading shareholder in Applied Materials, Inc. (NASDAQ:AMAT) with 4.3 million shares worth more than $563 million.