14 Stocks on Jim Cramer’s Radar

10. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holdings: 61

KLA Corporation (NASDAQ:KLAC) makes and sells equipment used in the chip manufacturing process. Its shares are up by 119% over the past year and by 21% year-to-date. Morgan Stanley increased the stock’s rating to Overweight from Equalweight and the share price target to $1,697 from $1,214 in January. The bank commented that KLA Corporation (NASDAQ:KLAC) could grow its revenue by double-digit percentages over the next couple of years. Bernstein also initiated coverage on the stock in January, as it set a $1,700 share price target and an Overweight rating. The financial firm, like Morgan Stanley, also mentioned KLA Corporation (NASDAQ:KLAC)’s potential for a double-digit revenue growth rate for the next couple of years. One factor that Bernstein’s coverage focused on was a lower exposure to China replacement risks. Cramer mentioned KLA Corporation (NASDAQ:KLAC) in the context of strong demand and share price performance:

“Okay, so, here’s the ones that have a shortage that can’t be met. . . .KLA. . .being semiconductor capital equipment. Those stocks are up. . .this is from the year began. . .KLA 25.”