Movement Alert|KLA Corporation Rises 3.1% in Regular Trading, JPMorgan Raises Wafer Equipment Market Growth Forecast as Semiconductor Equipment Sector Extends Rebound

Market Focus
Sep 21

On September 21, KLA Corporation rose 3.1% in regular trading, trading at $182.39/share, with turnover of $167 million, extending its rebound from prior sessions.

On the news front, JPMorgan recently raised its growth forecast for the wafer fabrication equipment market, lifting the projected growth rate for the current year from 28% to 31% and the following year from 29% to 38%, with a three-year compound annual growth rate reaching 28%, providing sustained fundamental support for the semiconductor equipment sector. Within the sector, Applied Materials rose 2.99%, Lam Research gained 2.21%, AXT Inc surged 8.84%, ASML Holding rose 0.7%, and Teradyne added 0.37%, reflecting a broad-based rebound.

It is worth noting that KLA Corporation had previously declined 7.15% in a single session on September 14 after UBS cut its target price to $200 amid escalating US-China trade tensions. Additionally, director and executive Richard P. Wallace recently disclosed plans to sell 72,019 shares valued at approximately $12.38 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10