Themes / Group
Building · newly observed relationshipLatest completed snapshot · 16:55 ET

MARKET-DISCOVERED GROUP

Semiconductor Equipment & Materials · IPGP

THE TRADER READShared activity without a clean directional read

24 of 24 measured members are falling. Capital-flow confirmation is unavailable.

Price breadth24 of 24 fallingRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 24/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

1 timed event
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.
2 earlier filing context receipts

MON, MAY 4IPGP filing documented shared operating contextdemand / volume affecting revenue · date precision only

SUN, AUG 9AAON filing documented shared operating contextdemand / volume affecting revenue · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY THIS GROUP EXISTS

Shared filing context

23/25 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AMKR, APH, CRDO, GTX, HLIO, IPGP, KLAC, MKSI, MOD, ONTO, SNDK, UCTT, VICR, WDC.

demand / volume affecting revenue

“Advanced Solutions sales decreased 4.7% year over year driven by lower sales in micromachining and advanced applications, partially offset by higher sales due to increased demand of laser equipment used in medical procedures.”

IPGP 10-Q · 2026-05-05
credit / rates affecting interest expense

“We are also exposed to market risk as a result of increases or decreases in the amount of interest expense we must pay on our borrowings on our bank credit facilities.”

IPGP 10-Q · 2026-05-05
demand / volume

“Some of our suppliers may not be able to meet our requirements due to global demand for their components.”

IPGP 10-K · 2026-02-23
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
MKSI → UNGPositive historical lead/lag · strength 0.19
MKSI → BNDInverse historical lead/lag · strength -0.17

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
HLIOONTOWDCMKSIAAONKLICUCTTACLSAMKRFORMTERCRDOASMLIPGPSNDKVICRKLACNVMIACMRMODSTXENSGTXENTG

7/25 active0 rising · 24 falling

MemberUnusual activityToday's moveRead now
HLIOHelios Technologies, Inc.
Elevated · 100/100
-3.0%
Active; unclassifiedHistorical role unavailable
ONTOOnto Innovation Inc.
Elevated · 64/100
-10.2%
Active; unclassifiedHistorical role unavailable
WDCWestern Digital Corporation
Elevated · 59/100
-7.5%
Active; unclassifiedHistorical role unavailable
MKSIMKS Inc.
Elevated · 58/100
-6.3%
Active; unclassifiedHistorical role unavailable
AAONAAON, Inc.
Elevated · 57/100
-6.9%
Active; unclassifiedHistorical role unavailable
KLICKulicke and Soffa Industries, Inc.
Elevated · 56/100
-9.5%
Active; unclassifiedHistorical role unavailable
UCTTUltra Clean Holdings, Inc.
Elevated · 54/100
-7.0%
Active; unclassifiedHistorical role unavailable
ACLSAxcelis Technologies, Inc.
Elevated · 54/100
-6.0%
Active; unclassifiedHistorical role unavailable
AMKRAmkor Technology, Inc.
Elevated · 52/100
-10.7%
Active; unclassifiedHistorical role unavailable
FORMFormFactor, Inc.
Elevated · 48/100
-10.1%
Active; unclassifiedHistorical role unavailable
TERTeradyne, Inc.
Elevated · 45/100
-8.9%
Active; unclassifiedHistorical role unavailable
CRDOCredo Technology Group Holding Ltd
Elevated · 43/100
-13.2%
Active; unclassifiedHistorical role unavailable
ASMLASML Holding N.V.
Elevated · 43/100
-4.2%
Active; unclassifiedHistorical role unavailable
IPGPIPG Photonics Corporation
Most unusual · 41/100
-7.8%
Active; unclassifiedHistorical role unavailable
SNDKSandisk Corporation
Elevated · 39/100
-9.1%
Active; unclassifiedHistorical role unavailable
VICRVicor Corporation
Elevated · 38/100
-4.5%
Active; unclassifiedHistorical role unavailable
KLACKLA Corporation
Elevated · 37/100
-5.3%
Active; unclassifiedHistorical role unavailable
NVMINova Ltd.
Elevated · 34/100
-7.2%
Active; unclassifiedHistorical role unavailable
ACMRACM Research, Inc.
Quiet · 29/100
-1.5%
Watch / laggardHistorical role unavailable
MODModine Manufacturing Company
Quiet · 27/100
-7.5%
Watch / laggardHistorical role unavailable
STXSeagate Technology Holdings PLC
Quiet · 26/100
-9.2%
Watch / laggardHistorical role unavailable
ENSEnerSys
Quiet · 25/100
-0.8%
Watch / laggardHistorical role unavailable
GTXGarrett Motion Inc.
Quiet · 22/100
-2.4%
Watch / laggardHistorical role unavailable
ENTGEntegris, Inc.
Quiet · 18/100
-8.1%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
HLIOHelios Technologies, Inc.Participating-3.0%—Price participation is not yet confirmed by per-name flow.
ONTOOnto Innovation Inc.Participating-10.2%—Price participation is not yet confirmed by per-name flow.
WDCWestern Digital CorporationParticipating-7.5%—Price participation is not yet confirmed by per-name flow.
MKSIMKS Inc.Participating-6.3%—Price participation is not yet confirmed by per-name flow.
AAONAAON, Inc.Participating-6.9%—Price participation is not yet confirmed by per-name flow.
KLICKulicke and Soffa Industries, Inc.Participating-9.5%—Price participation is not yet confirmed by per-name flow.
UCTTUltra Clean Holdings, Inc.Participating-7.0%—Price participation is not yet confirmed by per-name flow.
ACLSAxcelis Technologies, Inc.Participating-6.0%—Price participation is not yet confirmed by per-name flow.
AMKRAmkor Technology, Inc.Participating-10.7%—Price participation is not yet confirmed by per-name flow.
FORMFormFactor, Inc.Participating-10.1%—Price participation is not yet confirmed by per-name flow.
TERTeradyne, Inc.Participating-8.9%—Price participation is not yet confirmed by per-name flow.
CRDOCredo Technology Group Holding LtdParticipating-13.2%—Price participation is not yet confirmed by per-name flow.
ASMLASML Holding N.V.Participating-4.2%—Price participation is not yet confirmed by per-name flow.
IPGPIPG Photonics CorporationMost unusual-7.8%—Most unusual activity in this snapshot; performance direction may differ.
SNDKSandisk CorporationParticipating-9.1%—Price participation is not yet confirmed by per-name flow.
VICRVicor CorporationParticipating-4.5%—Price participation is not yet confirmed by per-name flow.
KLACKLA CorporationParticipating-5.3%—Price participation is not yet confirmed by per-name flow.
NVMINova Ltd.Participating-7.2%—Price participation is not yet confirmed by per-name flow.
ACMRACM Research, Inc.Quiet / lagging-1.5%—Not participating yet; a breadth test or a genuine divergence.
MODModine Manufacturing CompanyQuiet / lagging-7.5%—Not participating yet; a breadth test or a genuine divergence.
STXSeagate Technology Holdings PLCQuiet / lagging-9.2%—Not participating yet; a breadth test or a genuine divergence.
ENSEnerSysQuiet / lagging-0.8%—Not participating yet; a breadth test or a genuine divergence.
GTXGarrett Motion Inc.Quiet / lagging-2.4%—Not participating yet; a breadth test or a genuine divergence.
ENTGEntegris, Inc.Quiet / lagging-8.1%—Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.