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FN or KLAC or ON
Which Stock Would AI Choose? Fabrinet (FN) vs. KLA Corporation (KLAC) vs. ON Semiconductor Corporation (ON) Stock Comparison
Key Takeaways
- FN has shown explosive one-year gains of over 124%, driven by AI optical demand, though recent volatility reflects sector pressures.
- KLAC delivered strong YTD performance around 17% with robust Q2 results and a new $7 billion share buyback, underscoring semiconductor process control leadership.
- ON lags peers with 8% YTD and 39% one-year returns, facing headwinds from leadership changes amid expected earnings growth.
- All three benefit from semiconductor and AI tailwinds, but FN and KLAC exhibit superior momentum over broader indices.
- Recent market activity highlights trade-offs: high-growth optics for FN, stable equipment demand for KLAC, and power solutions recovery for ON.
- Valuation sensitivity remains elevated across the group amid cyclical risks in chip manufacturing.
Introduction
This comparison examines FN, KLAC, and ON, key players in the semiconductor ecosystem benefiting from AI infrastructure and advanced manufacturing demand. Fabrinet focuses on precision optical and electro-mechanical services, KLA on process control equipment, and ON Semiconductor on power and sensing solutions. Traders seeking exposure to chip sector growth, investors tracking relative performance in volatile markets, and those evaluating AI-driven catalysts will find value in analyzing their business models, recent momentum, and positioning amid sector rotations.
FN Overview and Recent Performance
Fabrinet (FN) provides advanced optical packaging, precision optical, electro-mechanical, and electronic manufacturing services to OEMs in optical communications, industrial lasers, automotive, and medical sectors. In recent market activity, shares have displayed volatility, closing around $502 after a 2% daily decline but maintaining YTD gains of 10% and one-year returns exceeding 124%, outpacing the S&P 500. Strong Q2 fiscal 2026 results showed revenue up 36% year-over-year to $1.13 billion, fueled by telecom, datacom, and high-performance computing demand tied to AI optics. Sentiment has been bolstered by analyst optimism on optical communications momentum, though pullbacks reflect broader chip sector pressures.
KLAC Overview and Recent Performance
KLA Corporation (KLAC) designs, manufactures, and markets process control, yield management, and inspection solutions for semiconductors and electronics. Recent weeks have seen shares around $1,419, with YTD returns near 17% and one-year gains over 109%, supported by AI-related advanced packaging and logic demand. Q2 FY2026 revenue rose 7% to $3.3 billion, with non-GAAP EPS of $8.85 beating estimates; the company announced a $7 billion share repurchase and 21% dividend hike, enhancing shareholder returns. Performance reflects resilient service revenue growth amid geopolitical tensions impacting the sector.
ON Overview and Recent Performance
ON Semiconductor Corporation (ON) delivers intelligent power and sensing solutions across automotive, industrial, and computing markets via discrete, analog, and image sensor technologies. Shares trade near $59, with modest YTD gains of 8% and one-year returns around 39%, underperforming peers amid an 18% monthly drop. Analysts project 13% year-over-year earnings growth, but recent leadership changes in power solutions and market challenges have tempered sentiment. Broader recovery in power management for AI data centers offers potential uplift in recent market activity.
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Head-to-Head Comparison
FN, KLAC, and ON operate in complementary semiconductor niches: contract manufacturing for optics (FN), inspection equipment (KLAC), and power/sensing chips (ON). Growth drivers contrast sharply—FN's AI optics surge (36% revenue growth) versus KLAC's advanced packaging (70% in segments) and ON's automotive/industrial recovery. Recent momentum favors FN and KLAC with triple-digit one-year gains, while ON trails due to cyclical exposure. Risk factors include FN's hyperscaler dependence, KLAC's geopolitical sensitivity, and ON's leadership transitions. Valuation metrics show premiums (P/E ~48 for FN, 42 for KLAC), with sentiment tilting toward AI enablers over end-market chips.
Tickeron AI Verdict
Tickeron’s AI currently favors FN for its consistent trend strength in AI optics, superior one-year relative performance, and growth catalysts like datacom expansion, positioning it ahead of KLAC's stability and ON's recovery trajectory in recent market conditions.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
FN’s FA Score shows that 2 FA rating(s) are green whileKLAC’s FA Score has 4 green FA rating(s), and ON’s FA Score reflects 2 green FA rating(s).
- FN’s FA Score: 2 green, 3 red.
- KLAC’s FA Score: 4 green, 1 red.
- ON’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
FN’s TA Score shows that 5 TA indicator(s) are bullish while KLAC’s TA Score has 6 bullish TA indicator(s), and ON’s TA Score reflects 6 bullish TA indicator(s).
- FN’s TA Score: 5 bullish, 3 bearish.
- KLAC’s TA Score: 6 bullish, 4 bearish.
- ON’s TA Score: 6 bullish, 4 bearish.
Price Growth
FN (@Electronic Components) experienced а +4.19% price change this week, while KLAC (@Electronic Production Equipment) price change was +3.12% , and ON (@Semiconductors) price fluctuated +20.92% for the same time period.
The average weekly price growth across all stocks in the @Electronic Components industry was +4.81%. For the same industry, the average monthly price growth was +11.15%, and the average quarterly price growth was +27.53%.
The average weekly price growth across all stocks in the @Electronic Production Equipment industry was +10.31%. For the same industry, the average monthly price growth was +23.36%, and the average quarterly price growth was +116.53%.
The average weekly price growth across all stocks in the @Semiconductors industry was +11.63%. For the same industry, the average monthly price growth was +20.79%, and the average quarterly price growth was +24.53%.
Reported Earning Dates
FN is expected to report earnings on May 11, 2026.
KLAC is expected to report earnings on Apr 23, 2026.
ON is expected to report earnings on May 04, 2026.
Industries' Descriptions
@Electronic Components (+4.81% weekly)The Electronic Components industry produces electronic equipment for industries and consumer electronics products, such as mobile devices, televisions, and circuit boards. TE Connectivity Ltd, for example, is a company that designs and manufactures connectivity and sensor products for harsh environments in various industries, such as automotive, industrial equipment, aerospace, and oil & gas. Another major player, Corning Inc., makes advanced optics including end-to-end fiber and wireless solutions for communications networks along with various other technologies catering to industrial and scientific applications.
@Electronic Production Equipment (+10.31% weekly)The electronic production equipment industry makes equipment used to produce semiconductors. Such equipment includes wafer fabrication, plasma etching and photo-resist processing equipment. The industry also makes chemical vapor deposition processing systems and photomasks, which are high-purity quartz plates that contain patterns to define integrated circuits layouts. Applied Materials, Inc., Lam Research Corporation, and KLA-Tencor Corporation are examples of electronic production equipment manufacturing companies.
@Semiconductors (+11.63% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
| FN | KLAC | ON | |
| Capitalization | 24.7B | 235B | 32.7B |
| EBITDA | 466M | 5.91B | 888M |
| Gain YTD | 51.531 | 47.626 | 53.296 |
| P/E Ratio | 66.14 | 52.15 | 286.24 |
| Revenue | 3.89B | 12.7B | 6B |
| Total Cash | 961M | 5.21B | 2.55B |
| Total Debt | 4.89M | 6.11B | 3.01B |
FN | KLAC | ON | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 31 | 23 | 28 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 73 Overvalued | 82 Overvalued | 89 Overvalued | |
PROFIT vs RISK RATING 1..100 | 4 | 6 | 67 | |
SMR RATING 1..100 | 46 | 13 | 88 | |
PRICE GROWTH RATING 1..100 | 35 | 4 | 3 | |
P/E GROWTH RATING 1..100 | 6 | 13 | 1 | |
SEASONALITY SCORE 1..100 | 50 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FN's Valuation (73) in the Electronic Components industry is in the same range as KLAC (82) in the Electronic Production Equipment industry, and is in the same range as ON (89) in the Semiconductors industry. This means that FN's stock grew similarly to KLAC’s and similarly to ON’s over the last 12 months.
FN's Profit vs Risk Rating (4) in the Electronic Components industry is in the same range as KLAC (6) in the Electronic Production Equipment industry, and is somewhat better than the same rating for ON (67) in the Semiconductors industry. This means that FN's stock grew similarly to KLAC’s and somewhat faster than ON’s over the last 12 months.
KLAC's SMR Rating (13) in the Electronic Production Equipment industry is somewhat better than the same rating for FN (46) in the Electronic Components industry, and is significantly better than the same rating for ON (88) in the Semiconductors industry. This means that KLAC's stock grew somewhat faster than FN’s and significantly faster than ON’s over the last 12 months.
ON's Price Growth Rating (3) in the Semiconductors industry is in the same range as KLAC (4) in the Electronic Production Equipment industry, and is in the same range as FN (35) in the Electronic Components industry. This means that ON's stock grew similarly to KLAC’s and similarly to FN’s over the last 12 months.
ON's P/E Growth Rating (1) in the Semiconductors industry is in the same range as FN (6) in the Electronic Components industry, and is in the same range as KLAC (13) in the Electronic Production Equipment industry. This means that ON's stock grew similarly to FN’s and similarly to KLAC’s over the last 12 months.
| FN | KLAC | ON | |
|---|---|---|---|
| RSI ODDS (%) | 2 days ago 71% | 2 days ago 55% | 2 days ago 78% |
| Stochastic ODDS (%) | 2 days ago 79% | 2 days ago 69% | 2 days ago 78% |
| Momentum ODDS (%) | 2 days ago 78% | 2 days ago 67% | 2 days ago 84% |
| MACD ODDS (%) | 2 days ago 77% | 2 days ago 79% | 2 days ago 72% |
| TrendWeek ODDS (%) | 2 days ago 78% | 2 days ago 73% | 2 days ago 75% |
| TrendMonth ODDS (%) | 2 days ago 79% | 2 days ago 76% | 2 days ago 75% |
| Advances ODDS (%) | 6 days ago 80% | 5 days ago 73% | 2 days ago 72% |
| Declines ODDS (%) | N/A | 3 days ago 61% | 20 days ago 77% |
| BollingerBands ODDS (%) | 2 days ago 79% | 2 days ago 73% | 2 days ago 80% |
| Aroon ODDS (%) | 2 days ago 78% | 2 days ago 78% | 2 days ago 77% |
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KLAC and
Correlation & Price change
A.I.dvisor indicates that over the last year, KLAC has been closely correlated with LRCX. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if KLAC jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To KLAC | 1D Price Change % | ||
|---|---|---|---|---|
| KLAC | 100% | +3.26% | ||
| LRCX - KLAC | 87% Closely correlated | +2.54% | ||
| AMAT - KLAC | 85% Closely correlated | +1.81% | ||
| ADI - KLAC | 79% Closely correlated | +4.99% | ||
| QCOM - KLAC | 77% Closely correlated | +1.29% | ||
| NVMI - KLAC | 77% Closely correlated | +2.83% | ||
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