Goldman Sachs Semiconductor Stocks: Top 5 Stocks

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

Goldman Sachs’ Q2 2023 Investment: $1 billion

Applied Materials, Inc. (NASDAQ:AMAT) is another backend chip company that sells manufacturing equipment and services. Its shares were in for some good news in October as Needham upgraded the stock to Buy from Hold and set a $180 share price target based on order shipment forecasts.

During Q2 2023, 72 among the 910 hedge funds tracked by Insider Monkey were the firm’s shareholders. Applied Materials, Inc. (NASDAQ:AMAT)’s largest shareholder out of these is David Blood and Al Gore’s Generation Investment Management since it owns $1.2 billion worth of shares.

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