Alger Growth & Income Fund on KLA Corporation
Thesis
Alger views KLA as a high-quality semiconductor capital-equipment company whose inspection, metrology and process-control systems are increasingly important as chips become more complex. The fund believes KLA benefits from a strong market position, deep customer relationships and its critical role in semiconductor manufacturing for AI, memory and advanced packaging. Strong operating results, market-share momentum in process control and capital-return actions reinforced confidence in long-term shareholder value creation.
“We believe KLA benefits from its strong market position, deep customer relationships, and importance to the semiconductor manufacturing process.”