Jefferies Lists Preferred Semiconductor Capital Equipment Stocks

Jefferies analyst Mark Lipacis' analysis of transistor count in CPUs supported his thesis of secular demand for wafer fab equipment.
CPU die sizes have increased by 5x - 9x for Intel Corp (NASDAQ:INTC) and Apple Inc (NASDAQ:AAPL) over three to five years.
He views the current risk-reward as "particularly compelling" based on the current 25% discount to the market at which many of these stocks traded.
Lipacis has a Buy on his preferred semiconductor capital equipment stocks KLA Corp (NASDAQ:KLAC), Applied Materials Inc (NASDAQ:AMAT), Lam Research Corp (NASDAQ:LRCX), ASML Holding NV (NASDAQ:ASML), and ACM Research Inc (NASDAQ:ACMR).
Price Action: ASML shares traded lower by 0.86% at $648.45 in the premarket on the last check Friday.