AlbertPegoMKS Instruments (NASDAQ:MKSI) is a major supplier of components and subsystems to major semiconductor equipment companies Lam Research (LRCX) and Applied Materials (AMAT), and about one-third of its revenues come from these two companies. MKSI was in the spotlight on Wednesday July 10, as Bank of America started coverage on the semiconductor equipment company with a Buy rating. In this article, I analyze MKSI as well as two other companies in the supply chain – Ichor Holdings (ICHR) and Ultra  ...