Is it Worthy to Buy Applied Materials (AMAT) Shares?

Vulcan Value Partners, an investment management firm, published its “Vulcan Value Partners Large Cap Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 1.2% net return for the fourth quarter of 2021, compared to its benchmarks, the Russell 1000 Value Index and S&P 500 Index which delivered 7.8% and 11% returns respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Vulcan Value Partners Large Cap Fund, in its Q4 2021 investor letter, mentioned Applied Materials, Inc. (NASDAQ:AMAT) and discussed its stance on the firm. Founded in 1967, Applied Materials, Inc. (NASDAQ:AMAT) is a Santa Clara, California-based engineering solutions provider with a $116.0 billion market capitalization, and is currently spearheaded by its CEO, Gary E. Dickerson. Applied Materials, Inc. (NASDAQ:AMAT) delivered a -16.48% return since the beginning of the year, while its 12-month returns are up by 8.52%. The stock closed at $131.42 per share on March 22, 2022.

Here is what Vulcan Value Partners Large Cap Fund has to say about Applied Materials, Inc. (NASDAQ:AMAT) in its Q4 2021 investor letter:

“Applied Materials, another material contributor for the quarter, provides materials engineering solutions for semiconductor fabrication equipment and manufacturing tools for advanced displays. Similar to Lam Research, Applied Materials is executing well and continuing to experience the tailwinds from consolidation and growth within the industry.”

Our calculations show that Applied Materials, Inc. (NASDAQ:AMAT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Applied Materials, Inc. (NASDAQ:AMAT) was in 78 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 68 funds in the previous quarter. Applied Materials, Inc. (NASDAQ:AMAT) delivered a -13.72% return in the past 3 months.

In March 2022, we also shared another hedge fund’s views on Applied Materials, Inc. (NASDAQ:AMAT) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.