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5 Reasons To Invest In Semiconductors, And 5 Of The Best Stocks To Own

Semiconductor and memory stock valuations have gotten a bit extended in the past couple of years, and the semi-cap equipment market may be on the brink of a deceleration in 2018. But despite these hurdles, KeyBanc analyst Weston Twigg says there are plenty of good reasons to be buying semiconductor and memory stocks.

5 Reasons to Buy

In a new report, Twigg said there are five good reasons for semiconductor investors not to fear a slowdown in sales:

Related Link: 2 Up, 2 Down: Goldman Adjusts Semiconductor Stock Ratings

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5 Stocks To Buy

In addition to his list of five reasons to buy semi stocks, Twigg also provided a list of his five favorite Outperform-rated stocks to buy:

  • Applied Materials, Inc. (NASDAQ: AMAT), which has extensive product offerings and a large market, as well as the capacity to generate impressive cash flow. KeyBanc has a $57 price target.

  • Lam Research Corporation (NASDAQ: LRCX), which has an excellent management team and trades at a low valuation. KeyBanc has a $202 price target.

  • MKS Instruments, Inc. (NASDAQ: MKSI), which has high earnings leverage and potential to outgrow the rest of the group. KeyBanc has a $100 price target.

  • Teradyne, Inc. (NYSE: TER), which has the opportunity to grow its cobot revenue to more than $1 billion by 2021. KeyBanc has a $40 price target.

  • Entegris Inc (NASDAQ: ENTG), which should be able to maintain steady growth despite a deceleration in capex. KeyBanc has a $30 price target.

Related Link: AMD And Nvidia: How Vulnerable Are They To Cryptocurrency Concerns?

Latest Ratings for AMAT

Sep 2017

Goldman Sachs

Upgrades

Neutral

Buy

Aug 2017

Nomura

Maintains

Buy

Aug 2017

Stifel Nicolaus

Maintains

Buy

View More Analyst Ratings for AMAT
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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