Applied Materials Stock Could Break Out on Institutional Demand

A year-to-date (YTD) gain of approximately 11.8% for shares of Applied Materials, Inc. was likely helped by institutional investors acquiring shares. Applied Materials is one of the leaders in the semiconductor equipment space, and the market has rewarded shareholders nicely as the company continues its high-growth strategy. One of the biggest factors used to identify strong stocks for the long term is to look simply at supply and demand – and Applied Materials stock has been in demand. Large institutional players have been in accumulation mode as the company keeps beating expectations. Betting on leading stocks with great fundamentals and increasing institutional activity can be a smart strategy for long-term shareholders.

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