5 Best Volatile Stocks to Buy

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

Number of Hedge Fund Holders: 61

Applied Materials, Inc. (NASDAQ: AMAT) is a California-based company that makes and sells semiconductor chips. It was founded in 1967 and is placed third on our list of 10 best volatile stocks to buy. The products made by the firm are used in electronics, flat panel displays for computers, smartphones and televisions, and solar products, among others. Applied stock has returned more than 129% to investors in the past twelve months. The 52-week price range of the stock lies between $52 and $146.

On April 19, investment advisory Citi named Applied Materials, Inc. (NASDAQ: AMAT) as one of the top semiconductor equipment picks on the back of increased demand for the chips that are made using the memory and logic wafer fab equipment marketed by AMAT. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Generation Investment Management is a leading shareholder in the firm with 5.2 million shares worth more than $452 million.