- Stifel is out with a note attributing memory push-outs to Samsung (KS:005930) (OTC:SSNNF, OTC:SSNLF), primarily on the 3D NAND front. The firm lowers its 2018 WFE forecast, but is still tracking toward a record year and has raised the 2019 WFE estimates.
- Stifel thinks overall supply/demand trends remain healthy and notes that large-cap companies like Applied Materials (AMAT -1.5%), KLA-Tencor (KLAC -1.9%), and Lam Research (LRCX -2.2%) have seen improvements in business models and cash flow generation.
- The firm also sees small cap companies benefitting through the ups and downs of the spending environment with MKS Instruments (MKSI -1.8%), Advanced Energy (AEIS -1.5%), Ichor Holdings (ICHR -1.7%), and Ultra Clean (UCTT -0.2%) poised to deliver healthy profits even with a quarter or two of revenue declines.
- Price target adjustments: MKS Instruments from $147 to $155, Ichor Holdings from $44 to $48, and Ultra Clean from $27 to $30.
- Source: Briefing.com.
- Other semiconductor equipment stocks that could move on the note: Applied Materials (AMAT -1.5%), ASML (ASML -2.6%), Brooks Automation (BRKS -5.8%), AXT (AXTI), Nanometrics (NANO -2.5%), Nova Measuring Instruments (NVMI -1.6%), Axcelis Technologies (ACLS -0.5%), Ambarella (AMBA -1.2%), Universal Display (OLED -2.1%), Synopsys (SNPS -1.4%), and Teradyne (TER -1.5%).
- Now read: Advanced Energy Industries Closer To The Edge
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