KLA-Tencor at new highs again: 4 times in the last 10 days

Updated on:
Nov 20th, 2020

KLA Corporation ($KLAC) has been consistently topping all-time highs in the last 10 sessions. On Friday KLA Corporation ($KLAC) did it again and stock closed at $242.57 merely changing a -0.48%; new all-time highs are set at $247.27.

In late October, 5 brokerage firms posted ratings on KLA-Tencor : Bank of America forecasts a target price of $225.00, with a strong buy rating, Deutsche Bank Aktiengesellschaft forecasts a target price of $205.00, with a rating of neutral, KeyCorp estimates a target price of $246.00, with a buy rating, Morgan Stanley rated KLA-Tencor with hold and UBS Group marked up the price target to $205.00 (-15.49% over the closing price) with a hold rating. The recommendations issued by financial analysts are not a buy or sell recommendation for small traders, so it is not wise to follow them blindly.

KLA-Tencor shares started an uptrend last September, and gained an amazing 42.14%. The price line shows higher peaks and troughs, and along the way provided very few buy points for those who wanted to trade in. Latest pullback was in late October, when price bounced at $189.48. On November 5, KLA-Tencor broke out above its last top ($222.68) offering a good buying opportunity

KLA-Tencor beat its competitors for the last four weeks, marking a 18.7%. Checking its competitors, ASML (ASML) marked a 12.3%, Applied Materials (AMAT) performed a 24.7%, Lam Research (LRCX) performed a 21.5%, Teradyne (TER) performed a 14.8%, Entegris (ENTG) marked a 10.3% and IPG Photonics (IPGP) marked a 4.6%. ASML, Applied Materials, Lam Research and 2 others are trading very close to all-time highs.

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.. The stock belongs to the Semiconductor Equipment & Materials industry in the Technology sector. The company's Headquarters are in Milpitas, United States, and has 10,600 employees worldwide. Its corporate website is http://www.kla.com.

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