Wow that analyst sure moved the market! But he thinks downside risk is limited and would be an aggressive buyer of LRCX on a pullback? Uh doesn't exactly sound too bad.
As for ICHR, they had one of the most bullish conference calls I heard. Said they would continue to grow no matter what happens with the semi cycle. Not sure if that'll happen, but that's one bullish statement!
From the CC transcript last month:
As I said earlier, we have grown the wafer fab equipment industry since 2014 with 38% annual growth versus the industry’s 14%. We will continue to grow the industry with WFE expected to grow 10% in 2018, we will grow at several times that rate then can do so again in 2019 with a continued robust spending environment.
And most importantly, for everyone who is worried about semiconductor cycles turning down that, even in a flatter declining equipment market, we believe we can still show strong growth due to the incremental revenue streams I just enumerated.
Let me repeat that. With all of our anticipated growth vectors, our revenue will still grow next year even if WFE spending declines. I believe you all have the confidence that Ichor has been executing against our strategic growth initiatives at a nearly unmatched rate growing the industry and every one of our peers.
We hope to also convey our confidence and another year of revenue growth outperforming the industry with expanding growth in operating margins, strong earnings growth and continued drivers for incremental growth in 2019.
News 
Market Data 
Discover 
AI
