5 Stocks That Benefit from Global Chip Shortage

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

Number of Hedge Fund Holders: 73

Applied Materials, Inc. (NASDAQ: AMAT) is a California-based firm that provides equipment, software, and other services to the semiconductor industry. It is placed fourth on our list of 10 stocks that benefit from global chip shortage.

On August 20, investment advisory Mizuho maintained a Buy rating on Applied Materials, Inc. (NASDAQ: AMAT) stock and raised the price target to $161 from $158, appreciating the “solid” quarterly earnings of the company. 

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 4.4 million shares worth more than $630 million.