The next stock in our list is KLA-Tencor Corporation KLAC. The company is likely to benefit from an expanding product portfolio. Moreover, the technical complexity of manufacturing semiconductors and increasingly challenging yield issues are anticipated to drive growth for its process control and yield-management solutions. Shares of KLA-Tencor rallied 33.6% last year.
Per the Zacks Consensus Estimate, KLA-Tencor is anticipated to finish fiscal 2018 with EPS growth of 23% and sales growth of 13.5%. On top of this, the stock currently trades at a forward P/E multiple of 14.7x, which is lower than the industry average of 19.4x. KLA-Tencor is a Zacks Rank #2 stock and has a VGM Score of A.