5 Undervalued Semiconductor Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 70

P/E Ratio: 24.3

Applied Materials, Inc. (NASDAQ:AMAT) is a semiconductor materials and equipment company. It provides manufacturing equipment, services, and software to the semiconductor, display, and related industries.

We saw 70 hedge funds long Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, with a total stake value of $6.1 billion.

On March 11, Bernstein analysts maintained an Outperform rating and a $240 price target on Applied Materials, Inc. (NASDAQ:AMAT).

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