US Politicians are Buying These 5 Semiconductor Stocks

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

Number of Hedge Fund Holders: 74

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. According to the latest filings, US House member Ro Khanna disclosed a transaction related to Applied Materials, Inc. (NASDAQ:AMAT) stock worth around $1,000-$15,000 on July 11. The politician revealed that his child had bought the shares of the firm worth the above mentioned amount in mid-June.

On July 15, Wells Fargo analyst Joe Quatrochi maintained an Overweight rating on Applied Materials, Inc. (NASDAQ:AMAT) stock and lowered the price target to $110 from $135, noting that the second quarter earnings were a difficult step for semiconductor stocks. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Generation Investment Management is a leading shareholder in Applied Materials, Inc. (NASDAQ:AMAT), with 4.2 million shares worth more than $560 million.