5 Technology Stocks To Buy That Are Too Cheap To Ignore

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

Number of Hedge Fund Investors in Q2 2023: 72

Trailing P/E Ratio: 18.60

Applied Materials, Inc. (NASDAQ:AMAT) is another semiconductor equipment manufacturer that is one of the firms of its kind in the world. Like Lam Research, its shares were also upgraded to Buy from Hold by Needham in October 2023, with the financial firm projecting up to $90 billion in chip equipment sales.

Insider Monkey took a look at 910 hedge funds for their June quarter of 2023 shareholdings and discovered 72 Applied Materials, Inc. (NASDAQ:AMAT) shareholders. Out of these, David Blood and Al Gore’s Generation Investment Management owns the biggest stake which is worth $1.2 billion.

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