5 Technology Stocks To Buy That Are Too Cheap To Ignore

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

Share Price as of October 15, 2022: $74.50

Number of Hedge Fund Holders: 67

Applied Materials, Inc. (NASDAQ:AMAT) is an American company that provides manufacturing equipment, software, and services to the semiconductor industry. These products allow chipmakers to manufacture the chips and optimize their fabrication plant performance. The company is headquartered in Santa Clara, California.

Applied Materials, Inc. (NASDAQ:AMAT) is a market leader in the highly lucrative semiconductor industry which, when combined with the fact that the firm expects its customers to spend more than $20 billion simply to manage its products places it in a strong position. The company also has a diverse set of technical solutions that are essential for semiconductor industry growth, and these are slated to grow its revenue at a 13% CAGR.

Applied Materials, Inc. (NASDAQ:AMAT) also pays a 26 cent dividend for a 1.38% yield. Insider Monkey’s June quarter of 2022 survey of 895 hedge funds revealed that 67 had bought the company’s shares.

Applied Materials, Inc. (NASDAQ:AMAT)’s largest investor is David Blood and Al Gore’s Generation Investment Management which owns six million shares that are worth $555 million.