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Here's Why KLA-Tencor (KLAC) Should be in Your Portfolio
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KLA-Tencor Corporation (KLAC - Free Report) is currently a well-performing stock and an increase in share price and strong fundamentals signal its bullish run. Therefore, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.
The company has the potential to carry on the momentum. Here are a few reasons why the stock is worth a buy.
An Outperformer
A look at the company’s price trend reveals that the stock has had an impressive run on the bourse year to date. KLA-Tencor has gained 33.8%, significantly outperforming the S&P 500's gain of 15.0%.
Solid Rank & VGM Score
KLA-Tencor currently carries a Zacks Rank #1 (Strong Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or #2 offer the best investment opportunities for investors. Thus, the stock appears to be a convincing investment proposition at the moment.
Northward Estimate Revisions
For the upcoming quarter, two estimates have moved north over the past 60 days against no southward revisions, reflecting analysts’ confidence in the company. Over the same period, the Zacks Consensus Estimate for the current fiscal year increased 0.7%.
Strong Growth Prospects
The company’s Zacks Consensus Estimate for fiscal 2018 earnings of $6.80 reflects year-over-year growth of 14.41%. Moreover, earnings are expected to register 6.97% growth in fiscal 2019.
Solid Growth Drivers
KLA is one of the leading suppliers of inspection and metrology products and services.
Notably, the company continues to focus on innovation and is expected to benefit from its new product-development strategy. KLA has introduced a number of new front-end defect inspection products that are expected to augment its existing portfolio.
Moreover, we expect strong demand for more efficient manufacturing processes and preference for mobile to work in favor of the company. The technical complexity of manufacturing semiconductors and increasingly challenging yield issues remain revenue drivers for this leading manufacturer of process control equipment.
Moreover, accelerated process control spending across foundry, memory and logic players through 2017 and beyond will enable KLA to deliver stronger results.
Long-term earnings per share growth rate for Applied Materials NVIDIA Corporation and ASML Holding N.V. is projected to be 17.1%, 10.3% and 21.4%, respectively.
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Here's Why KLA-Tencor (KLAC) Should be in Your Portfolio
KLA-Tencor Corporation (KLAC - Free Report) is currently a well-performing stock and an increase in share price and strong fundamentals signal its bullish run. Therefore, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.
The company has the potential to carry on the momentum. Here are a few reasons why the stock is worth a buy.
An Outperformer
A look at the company’s price trend reveals that the stock has had an impressive run on the bourse year to date. KLA-Tencor has gained 33.8%, significantly outperforming the S&P 500's gain of 15.0%.
Solid Rank & VGM Score
KLA-Tencor currently carries a Zacks Rank #1 (Strong Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or #2 offer the best investment opportunities for investors. Thus, the stock appears to be a convincing investment proposition at the moment.
Northward Estimate Revisions
For the upcoming quarter, two estimates have moved north over the past 60 days against no southward revisions, reflecting analysts’ confidence in the company. Over the same period, the Zacks Consensus Estimate for the current fiscal year increased 0.7%.
Strong Growth Prospects
The company’s Zacks Consensus Estimate for fiscal 2018 earnings of $6.80 reflects year-over-year growth of 14.41%. Moreover, earnings are expected to register 6.97% growth in fiscal 2019.
Solid Growth Drivers
KLA is one of the leading suppliers of inspection and metrology products and services.
Notably, the company continues to focus on innovation and is expected to benefit from its new product-development strategy. KLA has introduced a number of new front-end defect inspection products that are expected to augment its existing portfolio.
Moreover, we expect strong demand for more efficient manufacturing processes and preference for mobile to work in favor of the company. The technical complexity of manufacturing semiconductors and increasingly challenging yield issues remain revenue drivers for this leading manufacturer of process control equipment.
Moreover, accelerated process control spending across foundry, memory and logic players through 2017 and beyond will enable KLA to deliver stronger results.
KLA-Tencor Corporation Price and Consensus
KLA-Tencor Corporation Price and Consensus | KLA-Tencor Corporation Quote
Key Picks
Other top-ranked stocks in the broader technology sector are Applied Materials, Inc. (AMAT - Free Report) and NVIDIA Corporation (NVDA - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and ASML Holding N.V. (ASML - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings per share growth rate for Applied Materials NVIDIA Corporation and ASML Holding N.V. is projected to be 17.1%, 10.3% and 21.4%, respectively.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
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