KLA Stock Price, News & Analysis (NASDAQ:KLAC)

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KLA in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KLAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KLAC, but not buy additional shares or sell existing shares.
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17 equities research analysts have issued 12 month price objectives for KLA's shares. Their KLAC share price targets range from $400.00 to $600.00. On average, they anticipate the company's stock price to reach $509.61 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
View analysts price targets for KLAC or view top-rated stocks among Wall Street analysts.

KLA's stock was trading at $377.03 at the beginning of the year. Since then, KLAC shares have increased by 45.6% and is now trading at $549.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) released its quarterly earnings data on Wednesday, October, 25th. The semiconductor company reported $5.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.39 by $0.35. The semiconductor company had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. KLA had a trailing twelve-month return on equity of 119.24% and a net margin of 30.51%.
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KLA announced a quarterly dividend on Thursday, November 2nd. Investors of record on Wednesday, November 15th will be given a dividend of $1.45 per share on Friday, December 1st. This represents a $5.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from the stock's previous quarterly dividend of $1.30.
Read our dividend analysis for KLAC.

KLA (NASDAQ:KLAC) pays an annual dividend of $5.80 per share and currently has a dividend yield of 1.06%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 22.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLAC.

ETFs with the largest weight of KLA (NASDAQ:KLAC) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Strive U.S. Semiconductor ETF (SHOC), Logan Capital Broad Innovative Growth ETF (LCLG), First Trust Nasdaq Semiconductor ETF (FTXL), WBI BullBear Value 3000 ETF (WBIF), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ) and Columbia Seligman Semiconductor and Technology ETF (SEMI).

KLA declared that its board has approved a share repurchase plan on Tuesday, September 5th 2023, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

KLA updated its second quarter earnings guidance on Wednesday, October, 25th. The company provided earnings per share guidance of $5.26-6.46 for the period, compared to the consensus earnings per share estimate of $5.47. The company issued revenue guidance of $2.325-2.575 billion, compared to the consensus revenue estimate of $2.37 billion.

429 employees have rated KLA Chief Executive Officer Rick Wallace on Glassdoor.com. Rick Wallace has an approval rating of 97% among the company's employees. This puts Rick Wallace in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other KLA investors own include NVIDIA (NVDA), Intel (INTC), Lam Research (LRCX), QUALCOMM (QCOM), Applied Materials (AMAT), Micron Technology (MU), Advanced Micro Devices (AMD), Salesforce (CRM), Alibaba Group (BABA) and Adobe (ADBE).

KLA's stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (4.42%), Massachusetts Financial Services Co. MA (2.46%), Wellington Management Group LLP (2.32%), FMR LLC (2.02%), Ameriprise Financial Inc. (1.45%) and Northern Trust Corp (1.18%). Insiders that own company stock include Ahmad A Khan, Bren D Higgins, Brian Lorig, Gary B Moore, Jeneanne Michelle Hanley, Mary Beth Wilkinson, Oreste Donzella, Richard P Wallace, Virendra A Kirloskar and Virendra A Kirloskar.
View institutional ownership trends.

Shares of KLAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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