5 Stocks to Buy According to Kevin McCarthy’s Breakline Capital

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

Breakline Capital’s Stake Value: $4,625,000
Percentage of Breakline Capital’s Portfolio: 7.09%
Number of Hedge Fund Holders: 74

Applied Materials, Inc. (NASDAQ:AMAT) serves the semiconductor, display, and related sectors with production equipment, services, and software. On June 9, Applied Materials, Inc. (NASDAQ:AMAT) issued a quarterly dividend of $0.26 per share, in line with the previous.

Breakline Capital upped its Applied Materials, Inc. (NASDAQ:AMAT) stake by 185% in the first quarter, adding 22,749 shares. Kevin McCarthy held a total of 35,092 shares in the company, worth $4.63 million.

Following the April quarter results, Citi analyst Atif Malik maintained a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) but decreased his price objective to $160 from $175. The analyst cut the target to reflect lower market figures.

In Q1 2022, the number of hedge funds tracked by Insider Monkey holding stakes in Applied Materials, Inc. (NASDAQ:AMAT) reduced to 74 from 78 in the previous quarter. The total value of these stakes is over $4.30 billion, down from $5.44 billion in Q4 2021.