JPMorgan Reiterates Overweight on KLA (KLAC) as Process Control Sales Lead WFE Growth

KLA Corporation (NASDAQ:KLAC) ranks among the 20 best fast growth stocks to invest in. JPMorgan analysts maintained their price target of $900 and reiterated their Overweight rating on KLA Corporation (NASDAQ:KLAC) on June 3. This update is in line with the ongoing success of wafer front end (WFE) equipment sales, which increased by 6-8% in 2024 to reach between $97 billion and $99 billion.

Apart from lithography exports, process control systems, which include inspection and measurement systems, performed better than other WFE spending categories, showing a noteworthy 12% growth in 2024.

As the semiconductor industry navigates the challenges of changing technologies and rising production needs, the analysts’ remarks highlight the significance of process control systems in the manufacturing process.

KLA Corporation (NASDAQ:KLAC) develops, manufactures, and distributes process control, process-enabling, and yield management products for the semiconductor and associated electronics industries.

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