- With growth stalling for a couple of quarters and little room for margin expansion, there seem to be few levers left for the company to boost its share price substantially.
- However, growth is supposed to return in the second half and the company still expects to grow faster than the overall market.
- The tax benefits and still fairly reasonable valuation still provide some fuel for the share price.
Source: KLA-Tencor Is Winning Market Share – KLA-Tencor Corporation (NASDAQ:KLAC) | Seeking Alpha