4. Applied Materials, Inc. (NASDAQ: AMAT)
Number of Hedge Fund Holders: 73
Applied Materials, Inc. (NASDAQ: AMAT) is a California-based firm that provides manufacturing equipment, services, and software to the semiconductor and display industries. It is ranked fourth on our list of 15 stocks to buy today according to Jim Cramer. Cramer gave the stock a Buy rating during the Lightning Round segment of his show recently.
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 results posted by the firm.
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.