5 Hot Stocks to Invest in According to Wall Street Analysts

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

Number of Q4 2023 Hedge Fund Shareholders: 70

Share Price Target Upside: 5.06%

Latest Average Share Price Target: $215

Applied Materials, Inc. (NASDAQ:AMAT) is one of the biggest semiconductor design and equipment manufacturers in the world. A boom in the semiconductor industry fueled by the hype surrounding artificial intelligence has helped the firm on the financial front as it has beaten analyst EPS estimates in all four of its latest quarters.

By the end of last year’s final quarter, 70 out of the 933 hedge funds tracked by Insider Monkey had invested in the firm. Applied Materials, Inc. (NASDAQ:AMAT)’s largest hedge fund shareholder is David Blood and Al Gore’s Generation Investment Management due to its $1.1 billion stake.

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