5 Best Semiconductor Stocks to Buy for 2022

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

Number of Hedge Fund Holders: 68

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. Gary Dickerson, the CEO of the firm, recently said that supply chain issues related to the chip industry would get better soon. 

Applied Materials, Inc. (NASDAQ:AMAT) has a decent dividend history and recently declared a quarterly dividend of $0.24 per share, in line with previous. The forward yield was 0.66%. The company has a market cap of $137 billion. 

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 4.3 million shares worth more than $563 million.