KLAC's Shares Rise 11% YTD: Buy, Sell or Hold the Stock?

KLA Corporation (KLAC) shares have appreciated 11% year to date (YTD), trailing the Zacks Computer and Technology sector’s return of 27.4% but outperforming the Zacks Electronics – Miscellaneous Products industry’s loss of 25.5%.However, KLAC has underperformed peers like Garmin (GRMN) , Brother Industries (BRTHY) and Flex (FLEX) , which have delivered YTD returns of 66.9%, 14.1% and 34.9%, respectively.KLAC’s growth has been driven by the strength of its wafer inspection segment, supported by rising demand ...