Introduction
In many of the upgrades and downgrades of semiconductor equipment stocks, analysts invariably lump together the top three U.S. companies - Applied Materials (AMAT), Lam Research (LRCX), and KLA (KLAC).
For example:
- Goldman Sachs analyst Toshiya Hari turned bullish on the semiconductor capital equipment sector on July 22, 2019. Hari upgraded Applied Materials and Lam Research to buy from neutral, while KLA was upgraded to neutral from sell. Applied Materials was also added to Goldman Sachs' 'Conviction Buy' list.
- C.J. Muse upgraded Lam Research, Applied Materials, and KLA