Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

KLA-Tencor Begins Fiscal 2018 With Another Record Quarter; Raising FVE to $90 But Shares Look Rich

Consistent with results from wafer fabrication equipment, or WFE, peers, KLA-Tencor began its fiscal 2018 on a high note with record revenue and shipments. KLA benefited from solid shipments to logic customers, primarily Intel, in support of its 10-nanometer process ramp. We note this dynamic is in line with Lam Research and ASML, and aligns with Intel’s plans for ramping its 10-nanometer products to high-volume manufacturing in 2018. Strong memory shipments outweighed sequential declines in fou...
Underlying
KLA Corporation

KLA is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company provides process control and process-enabling solutions for manufacturing and testing wafers and reticles, integrated circuits, packaging, light emitting diodes, power devices, compound semiconductor devices, microelectromechanical systems, data storage, printed circuit boards (PCBs), and flat and flexible panel displays, as well as general materials research. The company has four reportable segments which include Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch