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Semiconductor Equipment & Materials Stocks under Review -- Applied Materials, Oclaro, Lam Research, and KLA-Tencor
[October 26, 2016]

Semiconductor Equipment & Materials Stocks under Review -- Applied Materials, Oclaro, Lam Research, and KLA-Tencor


NEW YORK, October 26, 2016 /PRNewswire/ --

Operators in the Semiconductor Equipment and Materials segment are engaged in the design, manufacturing, and sale of equipment that assist with the development of semiconductors. As per an article on the NASDAQ, a slowdown in China's economy, the strengthening dollar, and a secular decline in the PC market might continue to negatively impact some semiconductor stocks. This morning, Stock-Callers.com has issued research reports on Applied Materials Inc. (NASDAQ: AMAT), Oclaro Inc. (NASDAQ: OCLR), Lam Research Corp. (NASDAQ: LRCX), and KLA-Tencor Corp. (NASDAQ: KLAC) to see how they have fared over the last few trading sessions. Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration

Applied Materials  

On Tuesday, shares in California headquartered Applied Materials Inc. recorded a trading volume of 9.76 million shares. The stock ended the day at $28.86, which was a slight decline of 0.99%. The Company's shares have gained 7.66% over the previous three months and 56.63% on an YTD basis. The stock is trading above its 200-day moving average by 23.85%. Furthermore, shares of Applied Materials, which provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic, and related industries worldwide, have a Relative Strength Index (RSI) of 47.36.

On September 21st, 2016, Applied Materials detailed its innovation leadership strategy to drive sustainable growth and announced target non-GAAP adjusted earnings per share of $2.45 to $3.17 for FY19, with a midpoint of $2.80. This would represent compound earnings growth of approximately 17% over the next three years. The company highlighted how the semiconductor industry's major transition from lithography-based scaling to materials-enabled scaling has increased the company's addressable opportunity from 53% of WFE spending in calendar 2012 to an estimated 63% this year. Sign up and read the free research report on AMAT at: http://stock-callers.com/registration/?symbol=AMAT

Oclaro  

California headquartered Oclaro Inc.'s stock finished yesterday's session 0.96% lower at $8.24 and with a total trading volume of 2.11 million shares. The Company's shares have surged 42.07% over the previous three months and 136.78% on an YTD basis. The stock is trading above its 200-day moving average by 44.81%. Furthermore, shares of Oclaro, which designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide, have an RSI of 48.85.

On October 03rd, 2016, research firm Jefferies initiated a 'Buy' rating on the Company's stock, issuing a target price of $11.25 per share.

On October 18th, 2016, Oclaro announced that on November 1st, 2016, at 5:00 p.m. ET, the company will host a conference call to discuss its financial results for Q1 FY17, which ended October 1st, 2016. The complimentary research report on OCLR can be downloaded at: http://stock-callers.com/registration/?sybol=OCLR



Lam Research  

At the closing bell on Tuesday, shares in California headquartered Lam Research Corp. saw a slight drop of 0.91%, ending the day at $98.08. The stock recorded a trading volume of 2.22 million shares. The Company's shares have advanced 7.30% in the last one month, 7.01% in the previous three months, and 24.86% since the start of this year. The stock is trading 3.88% above its 50-day moving average and 18.75% above its 200-day moving average. Moreover, shares of Lam Research, which designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits, have an RSI of 54.15.


On October 19th, 2016, Lam Research reported that for the quarter ended September 25th, 2016, revenue was $1.63 billion, gross margin was $716 million, or 43.9% of revenue, operating margin was 19.4% of revenue, and net income was $264 million, or $1.47 per diluted share on a GAAP basis. This compares to revenue of $1.55 billion, gross margin of $699 million, or 45.2% of revenue, operating margin of 20.0% of revenue, and net income of $259 million, or $1.46 per diluted share, for the quarter ended June 26th, 2016.

Yesterday, research firm Goldman resumed its 'Neutral' rating on the Company's stock. Register for free on Stock-Callers.com and access the latest report on LRCX at: http://stock-callers.com/registration/?symbol=LRCX
KLA-Tencor

California headquartered KLA-Tencor Corp.'s stock ended the day 0.46% higher at $74.90. A total volume of 3.12 million shares was traded, which was above their three months average volume of 2.05 million shares. The Company's shares have gained 8.55% in the last month and 10.53% on an YTD basis. The stock is trading 6.52% above its 50-day moving average and 7.12% above its 200-day moving average. Additionally, shares of KLA-Tencor, which designs, manufactures, and markets process control and yield management solutions worldwide, have an RSI of 71.47.

On October 21st, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $84 a share to $86 a share. Get free access to your research report on KLAC at: http://stock-callers.com/registration/?symbol=KLAC

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