KLA-Tencor, ASML to Benefit from Fierce Competition; Remain Top Ideas at Oppenheimer (KLAC) (ASML)
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Price: $54.85 -1.14%
Rating Summary:
9 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
9 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade KLAC Now!
Shares of KLA-Tencor (Nasdaq: KLAC) are nearing 52-week high levels Tuesday, up 1.5 percent to $49.22 for the session.
The stock is being helped by an earlier note from Oppenheimer's Srinivasan Sundararajan, who reiterated an 'Outperform' rating and $55 price target.
Sundararajan said, "Foundry Orders Dominate in C4Q11: Our checks indicate that TSMC, Samsung Foundry, UMC and Global Foundries are all participating in the order parade in C4Q11."
"Memory Orders Sweeten C1Q12: Our checks indicate that TSMC, Samsung Foundry as well as Samsung Memory and Toshiba are likely to participate in C1Q12, a prelude to what we think will be a corresponding process of equipment orders in C2Q12. Interestingly, we might also be seeing Intel (Nasdaq: INTC) ordering for P1272 or the 14nm node in this quarter."
Sundararajan highlights KLAC and ASML Holding (Nasdaq: ASML) as top investment ideas, saying these companies are prime beneficiaries of the fierce competition in the semi field.
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The stock is being helped by an earlier note from Oppenheimer's Srinivasan Sundararajan, who reiterated an 'Outperform' rating and $55 price target.
Sundararajan said, "Foundry Orders Dominate in C4Q11: Our checks indicate that TSMC, Samsung Foundry, UMC and Global Foundries are all participating in the order parade in C4Q11."
"Memory Orders Sweeten C1Q12: Our checks indicate that TSMC, Samsung Foundry as well as Samsung Memory and Toshiba are likely to participate in C1Q12, a prelude to what we think will be a corresponding process of equipment orders in C2Q12. Interestingly, we might also be seeing Intel (Nasdaq: INTC) ordering for P1272 or the 14nm node in this quarter."
Sundararajan highlights KLAC and ASML Holding (Nasdaq: ASML) as top investment ideas, saying these companies are prime beneficiaries of the fierce competition in the semi field.
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