KLA (NASDAQ:KLAC) Price Target Raised to $1,970.00

Key Points

• Analysts lifted targets across the board, with Citic Securities raising its price target to $1,970 (about a 9.95% upside) and a consensus rating of "Moderate Buy" with a mean target of $1,821.26.
• KLA posted strong results, beating Q results with $9.40 EPS vs. $9.17 expected and $3.42B revenue (up 11.5% YoY), and set Q4 2026 guidance of 8.870–10.870 EPS.
• The board approved a $7.0 billion share buyback (up to ~3.7% of shares); the stock trades near $1,792 with a market cap of about $234B and a P/E of ~50.8.

KLA (NASDAQ:KLAC - Get Free Report) had its price target raised by analysts at Citic Securities from $1,350.00 to $1,970.00 in a report released on Wednesday,MarketScreener reports. Citic Securities' target price suggests a potential upside of 9.95% from the stock's previous close.

Several other equities analysts also recently commented on KLAC. Wolfe Research boosted their price objective on KLA from $1,800.00 to $2,000.00 and gave the company an "outperform" rating in a research report on Friday, April 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of KLA in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on shares of KLA from $1,600.00 to $1,700.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 30th. UBS Group raised their target price on shares of KLA from $1,575.00 to $1,835.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Finally, Citigroup boosted their price target on shares of KLA from $1,800.00 to $2,064.00 and gave the stock a "buy" rating in a research note on Friday. Twenty analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,821.26.

KLA Stock Up 3.4%

NASDAQ KLAC opened at $1,791.70 on Wednesday. KLA has a 52 week low of $675.27 and a 52 week high of $1,939.36. The company has a quick ratio of 2.11, a current ratio of 3.03 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $234.05 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 2.54 and a beta of 1.50. The stock's 50-day moving average price is $1,591.09 and its 200-day moving average price is $1,401.00.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $9.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.17 by $0.23. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.37 billion. KLA had a net margin of 35.66% and a return on equity of 91.89%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.41 EPS. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. On average, equities research analysts predict that KLA will post 37 earnings per share for the current year.

KLA announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 12th that authorizes the company to buyback $7.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of KLA

Several hedge funds and other institutional investors have recently bought and sold shares of KLAC. Basepoint Wealth LLC purchased a new position in KLA during the fourth quarter worth $32,000. Hilton Head Capital Partners LLC bought a new stake in shares of KLA in the 4th quarter worth about $41,000. Arlington Trust Co LLC boosted its stake in shares of KLA by 125.0% during the 3rd quarter. Arlington Trust Co LLC now owns 36 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 20 shares during the period. Triumph Capital Management bought a new position in KLA during the 3rd quarter valued at about $40,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in KLA during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

About KLA

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA's offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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