Jim Cramer Talked About These 7 Stocks Recently

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

Number of Hedge Fund Holders: 80

A caller asked about Applied Materials, Inc. (NASDAQ:AMAT) during the lightning round, and Cramer stated:

“Applied Materials, I think, is an excellent company, but I have to tell you, I like Lam Research more, and that’s the one I would go for.”

Applied Materials (NASDAQ:AMAT) supplies equipment, software, and services used in the production of semiconductors, displays, and related technologies for a range of electronic and consumer devices. On April 22, Barclays analyst Tom O’Malley cut the price target on Applied Materials to $160 from $190 and maintained an Equal Weight rating. The firm updated its semiconductor and semiconductor capital equipment models to account for tariffs and the ongoing trade war ahead of Q1 earnings. It lowered target multiples for China and consumer risks.