1429 ET - KLA is facing slower growth compared to rivals as the semiconductor industry booms, according to UBS's Timothy Arcuri. In a research note, the analyst says "KLA's guidance (and commentary) was a bit tepid--but in our view understandable because so much of the growth this year and next is coming from memory, where KLA's exposure is much lower than peers." While KLA's complex supply chain could protect it during market downturns, those same long lead times mean it cannot ramp up production as quickly as peers like Applied Materials and Lam Research during good times, the analyst adds. While keeping its rating at neutral, UBS cuts the price target to $1,575.00 from $1,635.00. KLA sinks 14% to $1.446.11. (amira.mckee@wsj.com)

(END) Dow Jones Newswires

January 30, 2026 14:29 ET (19:29 GMT)

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