Stock Review for Semiconductor’s Investors — Ambarella, KLA-Tencor, Lam Research, and Photronics

Press Releases

Dec 12, 2017

NEW YORK, Dec. 12, 2017 /PRNewswire/ — In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on AMBA, KLAC, LRCX, and PLAB which is a click away at www.wallstequities.com/registration. Zacks reported that with several interesting trends like the Internet of Things and artificial intelligence on the rise, it is an exciting time to be investing in the Technology sector. The “Computer and Technology” sector has gained nearly 26.31% year-to-date as of December 08th, 2017, with semiconductor companies having been a driving factor behind its growth. This morning, WallStEquities.com turns investors’ attention to four Semiconductor Equipment and Materials stocks to see how they have fared over the past trading sessions: Ambarella Inc. (NASDAQ: AMBA), KLA-Tencor Corp. (NASDAQ: KLAC), Lam Research Corp. (NASDAQ: LRCX), and Photronics Inc. (NASDAQ: PLAB). Sign up today for free and learn why our members refer to our research coverage as the ‘best out there’:

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Ambarella

On Monday, shares in Santa Clara, California headquartered Ambarella Inc. recorded a trading volume of 623,727 shares. The stock ended the day at $58.81, declining 0.32% from the last trading session. The Company’s shares have advanced 4.24% in the past month, 26.94% in the previous three months, and 8.65% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.69% and 10.24%, respectively. Furthermore, shares of Ambarella, which develops semiconductor processing solutions for video that enable HD video capture, sharing, and display worldwide, have a Relative Strength Index (RSI) of 56.78.

On November 22nd, 2017, research firm Stifel reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $52 a share to $62 a share.

On November 30th, 2017, Ambarella announced financial results for Q3 FY18 ended October 31st, 2017. Revenue for the quarter was $89.1 million; GAAP gross margin was 63.6%; and GAAP net income was $11.7 million. Total cash, cash equivalents and marketable securities on hand at the end of Q3 FY18 was $414.0 million.Signing up now gives you access to the free research coverage on AMBA at:

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KLA-Tencor

Milpitas, California headquartered KLA-Tencor Corp.’s stock saw a slight decline of 0.13%, finishing yesterday’s session at $103.85 with a total trading volume of 1.11 million shares. The Company’s shares have gained 1.42% in the last month, 6.02% over the previous three months, and 31.99% since the start of this year. The stock is trading above its 200-day moving average by 5.03%. Additionally, shares of KLA-Tencor have an RSI of 50.26.

On November 29th, 2017, research firm Argus initiated a ‘Buy’ rating on the Company’s stock, with a target price of $125 per share. Get access to our top-rated research, including the free report on KLAC at:

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Lam Research

Shares in Fremont, California headquartered Lam Research Corp. ended the session 0.48% lower at $185.56. The stock recorded a trading volume of 2.79 million shares, which was above its three months average volume of 2.48 million shares. The Company’s shares have gained 8.09% over the previous three months and 75.50% on an YTD basis. The stock is trading 14.81% above its 200-day moving average. Moreover, shares of Lam Research have an RSI of 38.59.  

On November 14th, 2017, Lam Research announced that its Board of Directors has approved a $2-billion share repurchase authorization, with execution planned over the next 12 to 18 months. The Board also declared an 11% increase on the Company’s quarterly dividend. On an annualized basis, the quarterly dividend of $0.50 per share of common stock would return approximately $324 million to stockholders, based on shares outstanding as of September 24th, 2017. The increased dividend payment will be made on January 10th, 2018, to holders of record on December 06th, 2017.

On December 07th, 2017, research firm Nomura upgraded the Company’s stock rating from ‘Neutral’ to ‘Buy’. Click here to subscribe for a free membership which welcomes you with our report on LRCX at:

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Photronics

At the closing bell on Monday, Brookfield, Connecticut-based Photronics Inc.’s stock declined 0.56%, finishing at $8.85. A total volume of 632,343 shares was traded. The Company’s shares have gained 12.03% over the previous three months. The stock is trading 4.35% below its 50-day moving average. Additionally, shares of Photronics have an RSI of 43.59. 

On November 29th, 2017, Photronics reported financial results for its Q4 FY17 and full year ended October 29th, 2017. For Q4 2017, revenue was $121.0 million, and net income attributable to Company shareholders was $5.4 million. For the fiscal 2017 full year, revenue was $450.7 million, and net income attributable to Company shareholders was $13.1 million. Additionally, capital expenditures of $53 million led to cash of $308 million at year-end. Get access to our top-rated research, including the free report on PLAB at:

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