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 INTC and Apple Inc 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 KLACApplied Materials Inc AMATLam Research Corp LRCXASML Holding NV ASML, and ACM Research Inc ACMR.
  • Price Action: ASML shares traded lower by 0.86% at $648.45 in the premarket on the last check Friday.
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