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KLA Corporation (KLAC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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345.39+2.36 (+0.69%)
As of 2:21PM EDT. Market open.
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  • H
    Harmony
    Today growing because of Intel's announcement on significant capex expansion over next 3 years. Confirms growth for WFE market in 2022. $AMAT $KLAC $LRCX $ASML $TER.
  • H
    Harmony
    Listening to bloomberg... They often mention semi equipment companies $LRCX, $AMAT, $ASML but never $KLAC. Even from daily pre-market you can judge that this company is not well-known. Even though it outperforms them in quarterly growth and forecasts too and analysts are more bullish here than there... I guess we need more time and more outperforming quarters before market notices that metrology is outperforming.
  • p
    phil
    $AMAT conversation
    Saw the Cramer bit on semi cap eqpt. He was very positive towards the sector, saying this was going to grow and grow, as opposed to creating excess capacity then taking a hit when overcapacity happens. His expectation is the digitization of pretty much everything is not so much a trend, it is the way of the world. And it'll continue for a long time.

    Which, to be blunt, is pretty much saying what I've been saying up here, too. So many things demand chips these days, and the need for compute is increasing exponentially. Just look at vehicles, they'll need the equivalent of 2 computers to handle autonomous driving (the need for redundancy is essential given the vehicle is making all the choices). That'll be 4x the chip count now.

    For reasons which were pretty weak, he stated a preference for $LRCX over $AMAT, $ASML and $KLAC. But clearly, he was blessing the sector as much as any one stock.
  • B
    Bobby
    Taiwan Semiconductor Manufacturing Company Limited
    Semiconductor sector is hot! Don't let the intermittent pullbacks sway your positions. Global semiconductor sales are up big. Up 30% yoy and over 3% month to month, according to SIA. Just about all semiconductor and equipment companies are offering strong guidance going forward with no indication of weakness anytime soon. Most claiming they see the shortage lasting through 2022 ($MRVL the most recent). This shortage combined with the global expansion taking place AND the evolution of the industry's super "cycle" indicates a strong long term outlook for the industry. Who stands to benefit the most? TSM of course. Along with $ASML with their monopoly on advanced EUV that's in great demand by anyone wanting to compete in producing advanced semiconductors. $AMAT is the most diversified equipment provider. $KLAC is the dominant PDC supplier. MRVL for (5G and Data Center) infrastructure. $LRCX for memory. $ICHR and $UCTT are extreme value plays right now as well that benefit from having the companies listed above as customers. GLTA!
    Bullish
  • H
    Harmony
    Yesterday KLAC underperformed because of AMAT new metrology equipment release. Hard to say how in reality these solutions compete.
  • G
    Gerry
    7/29 KLAC reported earnings after the bell. The stock closed that day at $319.43. The next day it open at $339, up $20 /share in one day. They report again in 10 days. Will likely have the same reaction.
  • H
    Harmony
    $AMD conversation
    I took time to analyze all companies in SOX index to select those, which would fit holding during tapering (those, which are not overvalued, profitable and are set to generate good income near-term). Here's my best bets:

    $KLAC - my best bet and safe-haven. Unlike some other semiconductor equipment manufacturers ($LRCX, $AMAT, $TXN) this one is on the front of the chip miniaturization and its metrology equipment is used in testing and production of 3nm, 5nm and 7nm nodes. This company's further prospects and financials will be very correlated to $ASML, because smaller nodes require more metrology. But KLAC is currently 2-3 times cheaper than ASML fundamentally. Moreover, even if after EUV lithography there will emerge some alternative production equipment for sub-nm nodes and ASML loses its dominance, KLAC still should feel fine because even more metrology will be needed for smaller nodes regardless of production technology - so safe to hold like 10 years ahead.

    $AMKR - company is on the front of the chip shortage and engaged in production of microchips used in devices, wearables, IoT, vehicles etc. The company is extremely cheap fundamentally, even though it has grown 2x since the pandemic begun. Management comment that it will experience cyclical tailwinds at least through whole 2022 and good results has only started to show up in earnings yet. I expect at least 30% upside here yet going forward but it is not a long-term asset.

    $MCHP - analog and digital microchip producers, whose products are in high demand right now. Company is again relatively cheap to its peers ($MRVL, $ADI), while management reports 60 weeks lead times on new orders in some categories right now. Everything is essentially booked up 1 year ahead already. Company is about to get a 2:1 stock split too in one week.

    $INTC - Intel apparently is cheap fundamentally compared to its peers and overall has been beaten down for several quarters. But near-term some positive developments are about to start working. New family of processors on new chipset and new DDR5 memory is poised to be a success starting selling in November. In January Intel will finally release new videocards, which are planned to be competitive this time to $NVDA and $AMD . Also new CEO's plans to engage into fab business goes well with current chip shortage theme. Time will tell if Intel can return its lost share in processors and videocards but the possibility of it should give the stock momentum anyway.
  • R
    Rich
    Gave up gains along with LRCX. these guys are printing money through 2023. selling now when down $50 from recent high is wrong
  • B
    Bobby
    Lam Research Corporation
    Well I still see semi's are etting mistreated.....and they were already bargains before this market temper tantrum. Now they are just insanely cheap! Should be a great time to buy. They are going to bounce back up as soon as everyone realizes their concerns about the industry's "cycle" is not happening. We are still in the beginning of a decade or more long super cycle. The industry has evolved! $TSM $KLAC $ASML $AMAT $QRVO $UCTT $ICHR $MRVL
    Bullish
  • p
    phil
    $AMAT conversation
    The downgrade is exactly the sort of thing some analysts have been sitting on. They are all trying to catch the inflection point, when the chip mfg biz goes from under-capacity to meeting capacity to over-capacity. So some will jump to downgrades once they perceive we hit peak under-capacity. The first one to jump is the Susquehanna guy. But here's the thing. Even if he is right that we're around the peak under-capacity, it is not at all obvious we'll get to meeting capacity anytime soon. Let alone go too far and have the chip biz hit over-capacity, which is the point equipment orders will slow/delay.

    Today we have chip shortages in plenty of places. Many are forecasting it'll take a year to fully catch up. And by then, we'll have 5G phones hitting their major growth window, as 5G becomes more useful. Autonomous driving is a few more years out, but after the 5G cycle peaks, these new vehicles will suck up chips at double the rate of most of today's vehicles. And the trend towards digitization isn't slowing down even a little bit. Indeed, its now the ante for most businesses -- if you don't digitize much of your operation, no one will invest in it. And yeah, computational medicine will soak up chips like nothing else in history because biology is really complicated and the computing horsepower needed to solve things like cancers and autoimmune diseases is staggering.

    All this isn't to suggest that there will never be another cloudy day for AMAT. But they'll be few and far between. And they won't last long either. Because ship consumption is going to grow enormously and for a long time. And they need $AMAT, $LRCX, $KLAC, $ASML, etc to do this.

    As for AMAT, you can this set-up for a below market multiple!! Geez ...
  • R
    Rich
    LOL didn't KLAC recently get a $475 target? I think it's down $50 since the upgrade
  • K
    Kenny
    ASML in 1 minute
    www.youtube.com
  • B
    Bobby
    Taiwan Semiconductor Manufacturing Company Limited
    The entire semiconductor sector appears to be under fire from so called "analysts" that are actually jack-of-all-trades but masters of NONE. Their archaic thinking in traditional cyclical rotations of the semiconductor industry is forcing stocks prices lower. Even when most chip and equipment companies are crushing earnings, are producing at max capacity, increasing prices, and raising guidance. Global demand would be high regardless of any shortage. 5G, AI, EV, crypto, data centers, cloud tech, gaming, eSports were already ensuring this growth and demand. Now add the new infrastructure spending and the global "arms race" that's taking place. We are in the beginning of a super cycle like never seen, likely lasting many years. Semiconductors are the new #1 global resource....the new oil.
    (Fabless) companies like $NVDA, $AMD, $MRVL, $AVGO, $QCOM design the most advanced and sought after semiconductors in the world. (Fab-owning) companies like $TSM, $TXN, $ADI, $QRVO manufacture the chips. Companies like $AMAT, $ASML, $LRCX, $KLAC, $UCTT, $ICHR make all the equipment and materials used by those chip manufacturers. High tide raises all boats! .....and many of these companies are already currently undervalued. GLTA
    Bullish
  • G
    Gerry
    Can we hit $380 tomorrow? Strong momentum in this stock.
  • s
    stocktargetadvisor
    $KLAC
    Upgraded by KGI Securities Neutral » Outperform
    Initiates Coverage On Piper Sandler Neutral USD 338
  • G
    Gerry
    FYI......please do not take the insider sales of shares as a sign that you should sell too. These are "planned sales" from back in February NOT an indication that the director/executive thinks the stock has peaked. For instance, the most recent insider sale was at a price of $341 and todays price (4 days later) is $356 so it is not a case of the company executive thinking the price is high. Poor reason to sell your shares.
  • K
    Kenny
    A question: ASML has mentioned that they will gain alot of metrology market share in the coming years. Will ASML eat KLA lunch?
    Neutral
  • G
    Gerry
    I guess those stories from MT Newswires where they report insiders are making "significant" stock sales when this was trading in the $130's doesn't matter much now .........does it. That is your new lesson of the day. Don't trust insider sales reports to help you make buy/sell decisions on ANY stock.

    To MT Newswires defense they say in every story that "MT Newswires does not offer investment advice" (CYA). So basically their NEWS is useless. Doesn't help KLAC investors if they sold at that time.
  • B
    Bobby
    Alphabet Inc.
    Just remember, the faster the fall, the quicker the bounce back! Great time to pick up the hard hit like $GOOG, $AMZN, $MSFT, $NVDA, $SHOP, $ADBE, $ASML, $PYPL, $LRCX, $KLAC.
  • G
    Gerry
    9/9/2021---CFRA maintains BUY rating and lifts price target from $350 to $370
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