Applied Materials, Inc. (NASDAQ:AMAT) is among the undervalued wide moat stocks to buy now. According to the recent disclosure with the SEC, First Manhattan CO. LLC. has lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 7.8%. After the acquisition of 224,743 shares, the wealth management firm owns 0.38% of the company, translating to an investment of $448,221,000. Applied Materials, Inc. (NASDAQ:AMAT) is believed to benefit from the rising demand for advanced chips and DRAM, and NAND memory str ...