KLA (KLAC) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last year. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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.
View KLAC analyst ratings or view top-rated stocks.

16 Wall Street analysts have issued 12 month price targets for KLA's shares. Their KLAC share price forecasts range from $325.00 to $600.00. On average, they expect the company's stock price to reach $463.11 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for KLAC or view top-rated stocks among Wall Street analysts.

KLA's stock was trading at $377.03 on January 1st, 2023. Since then, KLAC stock has increased by 18.5% and is now trading at $446.92.
View the best growth stocks for 2023 here.

KLA saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,240,000 shares, an increase of 18.5% from the August 15th total of 1,890,000 shares. Based on an average daily volume of 964,600 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.6% of the shares of the company are short sold.
View KLA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) announced its quarterly earnings data on Thursday, July, 27th. The semiconductor company reported $5.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.82 by $0.58. The semiconductor company earned $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. KLA had a trailing twelve-month return on equity of 138.06% and a net margin of 32.27%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $5.81 earnings per share.
Read the conference call transcript.

KLA announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $1.30 per share on Friday, September 1st. This represents a $5.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, August 14th.
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 (NASDAQ:KLAC) pays an annual dividend of $5.20 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 20.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLAC.

KLA declared that its board has approved a share buyback plan on Tuesday, September 5th 2023, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

KLA issued an update on its first quarter 2024 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $4.75-$5.95 for the period, compared to the consensus estimate of $4.74. The company issued revenue guidance of $2.23 billion-$2.48 billion, compared to the consensus revenue estimate of $2.23 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 trades on the NASDAQ under the ticker symbol "KLAC."

KLA's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (178.18%), BlackRock Inc. (8.00%), State Street Corp (4.14%), Capital International Investors (3.94%), Geode Capital Management LLC (2.13%) and Goldman Sachs Group Inc. (1.63%). 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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One share of KLAC stock can currently be purchased for approximately $446.92.

KLA (NASDAQ:KLAC) has a market capitalization of $61.10 billion and generates $10.50 billion in revenue each year. The semiconductor company earns $3.39 billion in net income (profit) each year or $24.09 on an earnings per share basis.

The company employs 15,210 workers across the globe.

KLA's mailing address is ONE TECHNOLOGY DRIVE, MILPITAS CA, 95035. The official website for the company is www.kla.com. The semiconductor company can be reached via phone at (408) 875-3000, via email at ir@kla-tencor.com, or via fax at 408-875-4144.