|Bid||139.79 x 900|
|Ask||139.87 x 800|
|Day's Range||137.20 - 138.80|
|52 Week Range||80.65 - 143.95|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||18.66|
|Forward Dividend & Yield||3.00 (2.20%)|
|1y Target Est||N/A|
KLA Corp (KLAC) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019. KLA-Tencor Corp designs and manufactures yield-management and process-monitoring systems for the semiconductor industry. Continue reading...
Chip stocks are gyrating on trade war uncertainty this month. Bank of America Merrill Lynch is telling investors some chip stocks are worth buying after Tuesday’s announcement to delay tariffs on some products.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
KLA Corp (NASDAQ: KLAC ) seems poised to benefit from a strong logic/foundry demand environment, while a recovery in memory could lend additional upside in 2020, according to KeyBanc Capital Markets. The ...
KLA-Tencor (KLAC) reports solid fiscal Q4 results driven by a strong process control market, revenue diversification and customer acceptance of key products.
Semiconductor equipment maker KLA late Monday beat analyst expectations for its fiscal fourth quarter ended June 30. But its stock seesawed in extended trading after the KLA earnings report.
KLA Corp. shares slipped in the extended session Monday after the semiconductor-equipment maker topped Wall Street earnings estimates for the quarter amid a big tech selloff. KLA shares declined 1.2% after hours, following a 5.1% drop in the regular session to close at $126.46. The company reported fiscal fourth-quarter net income of $217.8 million, or $1.35 a share, compared with $348.8 million, or $2.22 a share, in the year-ago period. Adjusted earnings were $1.78 a share. Revenue rose to $1.26 billion from $1.07 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.75 a share on revenue of $1.26 billion. On Monday, tech stocks hit their worst losing streak since President Donald Trump was elected and the Nasdaq Composite Index fell 3.5% amid an escalating trade war with China.
Investing.com - KLA-Tencor (NASDAQ:KLAC) reported fourth quarter earnings that beat analysts' expectations on Monday and revenue that was inline with forecasts.
KLA-Tencor's (KLAC) fiscal fourth-quarter earnings are likely to benefit from solid product portfolio. However, memory weakness and intensifying competition may impact its results.
More than once this year, I've cautioned investors about the pitfalls of trading Micron Technology (NASDAQ:MU). Though the memory chip glut was sure to come to an end as the past couple of them did, MU stock was apt to remain plagued by doubts, even against a backdrop of decidedly bullish news, I wrote.I'm finally shifting gears now. Though I'm still concerned about near-term ebbs and flows that could prove unsettling to new investors, it's arguable that Micron stock has mostly shrugged off what ailed it and has entered a new paradigm.And it's not just a feeling, nor is it an idea solely inspired by Goldman Sachs' recent (and significant) upgrade of Micron stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy With Over 20% Upside From Current Levels Micron Stock, Other Chip Stocks UpgradedGoldman announced a sweeping wave of upgrades that included MU's rival Western Digital (NASDAQ:WDC), along with technology sector peers Applied Materials (NASDAQ:AMAT), Lam Research (NASDAQ:LRCX) and KLA (NASDAQ:KLAC). Goldman Sachs analyst Mark Delaney explained:"We are now more positive on global memory stocks as we believe that the excess inventory memory companies are carrying will be depleted faster than our previous expectations, primarily in NAND flash as a result of the Toshiba Memory Corporation (TMC) fab outage that has disrupted a mid single digit percent of annual industry production (and to a lesser extent incremental capex/utilization cuts)."The industry's underpinnings, Delaney believes, have set the stage for higher NAND prices through the third quarter. The same tide is proving beneficial to names outside the memory market too, added Goldman analyst Toshiya Hari.Micron is being viewed as a standout, though. Delaney pointed to shrinking inventory levels and an accelerated depletion of inventories, stating "We believe that Micron is the best stock to express our view."Arguably most important to current and would-be owners of MU stock, Delany notes, "…we believe that Micron's stock will trade more on memory pricing trends and intermediate term EPS expectations than FY20 earnings."If he's right -- and he likely is -- the uptrend that took shape beginning in late June could indeed be the rekindled rebound effort by MU stock that first started to materialize early this year. Memory Prices Are Already RisingIn general, analysts have the clout and funding needed to acquire (or aggregate) data the average investor can't. Goldman Sachs based its upgrade on data it was able to ferret out from within the memory and chip market.Subtle signs of the memory market's turnaround were already starting to materialize, though.One of those signs was a slight rebound in DRAM prices following a multi-month decline from the peak pricing seen in early 2018. Sixteen gigabytes worth of DDR4-2400 DRAM memory chips, for instance, sold for a little over $200 in February of 2018, but fell to around $90 early this month. Now it's back above $100.That is not a game-changing price increase, but it is the biggest upward move in DRAM prices in nearly two years. Click to EnlargeNAND pricing, which Delaney specifically mentioned, is also already on the mend. A 512-gigabyte solid state drive from Intel (NASDAQ:INTC), priced at nearly $200 in September of 2017, fell to a low price of $77 in April of this year but has since snapped back to $88. Click to EnlargeAs was the case with DRAM, that was the best, steadiest price increases of NAND, also known as "flash" memory, in more than a couple of years.That's only anecdotal evidence, but it's in-line with data that Goldman Sachs' Micron analysts also identified. The Bottom Line on MU StockThe data, and the relative lack of commentary on it, underscores something I've explained several times over the course of the last year. That is, most investors won't see the end of the memory glut taking shape until well after it's arrived. And even then, the early part of that rebound will be mistrusted.That was certainly the case in 2013 and then again in 2016, when similar gluts came to an end. When they started fading, nobody noticed until months later. As was the case in 2013 and 2016, though, the rebound of MU stock earlier this year indicated that the glut was already abating. Anyone who doesn't think the same phenomenon is happening again now is naive.There's no guarantee that Micron stock will only rise from now on. The odds are good, in fact, that MU will retreat at some point as profit-takers seek to lock in their July gains.Investors would be wise to buy MU stock on any healthy dip, however, even if it feels a bit uncomfortable to do so. The memory market's recent dynamics are awfully familiar.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Buy MU Stock on Any Weakness Because Micron Has Turned the Corner appeared first on InvestorPlace.
KLA-Tencor (KLAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The US markets are up today as Wall Street braces for a busy earnings week. The S&P; 500 ETF is up 0.3%, and semiconductor stocks lead the market's gains.
The semiconductor stock group got a boost Monday when Goldman Sachs updated its coverage on some popular names. The Analysts Goldman analyst Mark Delaney upgraded Micron Technology, Inc. (NASDAQ: MU ) ...
(Bloomberg) -- Semiconductor companies could see an improvement in inventory levels faster than previously anticipated, according to Goldman Sachs, which upgraded a number of companies “on early signs of memory stabilization.”Micron Technology Inc. was lifted to buy from neutral, as were Lam Research Corp. and Applied Materials Inc., the latter of which was added to Goldman’s Conviction List. KLA Corp. was upgraded to neutral from sell.“We are now more positive on global memory stocks as we believe that the excess inventory memory companies are carrying will be depleted faster than our previous expectations,” wrote analyst Mark Delaney, who pointed to a June outage at Toshiba Memory Corp. that had reduced production. This power failure was also seen as providing support to pricing and inventory levels at Western Digital Corp.While Goldman had previously expected supply and demand for NAND memory chips to improve in 2020, “our most recent industry discussions suggest that NAND pricing could start to improve from low levels” in the third quarter of 2019. According to data compiled by Bloomberg, Micron derived more than 25% of its 2018 revenue from trade NAND chips.Micron “is the best stock to express our view” on improving memory trends, the firm wrote, raising its price target to $56 from $40. Shares gained 3.6% to trade at their highest level since September. The stock is up more than 40% from a low in late June, and is poised for its fourth straight positive session.Applied Materials gained 3.8%, while KLA rose 1.3%. Lam jumped 3.2% and was on track for its ninth positive session of the past 10 trading days.“While visibility is limited in the near term and, we see downside to 2H19/2020 Street estimates, we believe disciplined supply-side actions from the memory manufacturers” will support both improvements in supply and demand, as well as higher levels of Wafer Fab Equipment spending in 2020, Goldman wrote.The firm also lifted its price target on Western Digital to $54 from $46, but kept its neutral rating, citing “better valuation support for Micron,” as well as a recently rally in Western’s stock, which Goldman wrote had priced in improving fundamentals.(Updates to market open in fifth and sixth graphs)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com – Stocks ended the day flat Thursday, after paring the bulk of losses as growing expectations for aggressive Federal Reserve easing lifted sentiment following mixed corporate earnings.