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NASDAQ:KLAC

KLA - KLAC Stock Forecast, Price & News

$381.20
+8.45 (+2.27%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$372.49
$383.78
50-Day Range
$293.00
$397.40
52-Week Range
$282.83
$457.12
Volume
1.14 million shs
Average Volume
1.47 million shs
Market Capitalization
$54.05 billion
P/E Ratio
17.41
Dividend Yield
1.13%
Price Target
$425.16

KLA MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
11.5% Upside
$425.16 Price Target
Short Interest
Bearish
5.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.14
Upright™ Environmental Score
News Sentiment
0.02mentions of KLA in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$3.03 M Sold Last Quarter
Proj. Earnings Growth
-4.11%
From $24.83 to $23.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Computer And Technology Sector

189th out of 659 stocks

Optical Instruments & Lenses Industry

2nd out of 5 stocks

KLAC stock logo

About KLA (NASDAQ:KLAC) Stock

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process. It also provides reticle manufacturing products, such as reticle inspection, metrology, and data analytics systems for mask shops; and packaging manufacturing products comprising wafer inspection and metrology, die sorting and inspection, IC component inspection and metrology, data analytics, wafer processing systems, and IC substrate production processes. In addition, the company offers compound semiconductor, power device, light emitting diode, and microelectromechanical system manufacturing products; data storage media/head manufacturing products; general purpose/lab applications; and previous-generation KLA systems. Further, it provides wafer processing solutions; printed circuit boards, and display and inspection components; and other services. The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.

Wall Street Analyst Weigh In

KLAC has been the subject of several research reports. Morgan Stanley raised their price target on shares of KLA from $373.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Monday, July 25th. Bank of America decreased their price target on shares of KLA from $430.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, June 29th. Barclays decreased their price target on shares of KLA from $365.00 to $325.00 and set an "equal weight" rating for the company in a research note on Monday, July 25th. Piper Sandler decreased their price target on shares of KLA from $385.00 to $352.00 and set a "neutral" rating for the company in a research note on Thursday, May 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of KLA from $425.00 to $385.00 in a research note on Monday, July 18th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $425.16.

KLA Stock Performance

KLA stock traded up $8.45 during mid-day trading on Friday, hitting $381.20. 1,135,399 shares of the company's stock traded hands, compared to its average volume of 1,474,484. The firm has a 50 day simple moving average of $341.02 and a two-hundred day simple moving average of $346.76. KLA has a fifty-two week low of $282.83 and a fifty-two week high of $457.12. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.50 and a quick ratio of 1.75.

KLA (NASDAQ:KLAC - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.35. KLA had a return on equity of 95.80% and a net margin of 36.06%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $4.43 EPS. The company's quarterly revenue was up 29.2% on a year-over-year basis. On average, research analysts expect that KLA will post 24.83 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from KLA's previous quarterly dividend of $1.05. KLA's dividend payout ratio (DPR) is currently 19.18%.

Insider Transactions at KLA

In other news, EVP Brian Lorig sold 255 shares of KLA stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $375.00, for a total transaction of $95,625.00. Following the completion of the sale, the executive vice president now owns 32,906 shares of the company's stock, valued at $12,339,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Brian Lorig sold 255 shares of the firm's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $375.00, for a total value of $95,625.00. Following the transaction, the executive vice president now owns 32,906 shares in the company, valued at $12,339,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 5,330 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $383.11, for a total value of $2,041,976.30. Following the completion of the transaction, the chief financial officer now owns 52,145 shares in the company, valued at approximately $19,977,270.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,045 shares of company stock valued at $3,025,459. 0.16% of the stock is currently owned by corporate insiders.

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KLAC Stock News Headlines

Looking At KLA's Recent Whale Trades - Benzinga
KLA Co. (NASDAQ:KLAC) EVP Brian Lorig Sells 29 Shares of Stock
KLA (NASDAQ:KLAC) Given New $410.00 Price Target at KeyCorp
KLA (NASDAQ:KLAC) PT Raised to $400.00
Morgan Stanley Reaffirms Maintains Rating for KLA (NASDAQ:KLAC)
KLA (NASDAQ:KLAC) PT Raised to $377.00
KLA (NASDAQ:KLAC) Given New $325.00 Price Target at Barclays
KLA Q4 2022 Earnings Preview - Seeking Alpha
See More Headlines
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KLAC Company Calendar

Ex-Dividend for 6/1 Dividend
5/13/2022
Dividend Payable
6/01/2022
Last Earnings
7/28/2022
Today
8/12/2022
Ex-Dividend for 9/1 Dividend
8/12/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Optical instruments & lenses
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:KLAC
CUSIP
48248010
Employees
11,550
Year Founded
1976

Price Target and Rating

Average Stock Price Forecast
$425.16
High Stock Price Forecast
$545.00
Low Stock Price Forecast
$325.00
Forecasted Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$3.32 billion
Pretax Margin
37.88%

Debt

Sales & Book Value

Annual Sales
$9.21 billion
Cash Flow
$25.74 per share
Book Value
$9.87 per share

Miscellaneous

Free Float
141,577,000
Market Cap
$54.05 billion
Optionable
Optionable
Beta
1.33

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KLAC Stock - Frequently Asked Questions

Should I buy or sell KLA stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KLAC shares.
View KLAC analyst ratings
or view top-rated stocks.

What is KLA's stock price forecast for 2022?

18 brokerages have issued 12-month target prices for KLA's shares. Their KLAC share price forecasts range from $325.00 to $545.00. On average, they expect the company's stock price to reach $425.16 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
View analysts price targets for KLAC
or view top-rated stocks among Wall Street analysts.

How have KLAC shares performed in 2022?

KLA's stock was trading at $430.11 at the beginning of the year. Since then, KLAC stock has decreased by 11.4% and is now trading at $381.20.
View the best growth stocks for 2022 here
.

When is KLA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our KLAC earnings forecast
.

How were KLA's earnings last quarter?

KLA Co. (NASDAQ:KLAC) announced its quarterly earnings data on Thursday, July, 28th. The semiconductor company reported $5.81 EPS for the quarter, topping the consensus estimate of $5.46 by $0.35. The semiconductor company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. KLA had a net margin of 36.06% and a trailing twelve-month return on equity of 95.80%. The company's quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the business posted $4.43 EPS.
Read the conference call transcript
.

How often does KLA pay dividends? What is the dividend yield for KLA?

KLA declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Monday, August 15th will be given a dividend of $1.30 per share on Thursday, September 1st. This represents a $5.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, August 12th. This is a boost from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for KLAC
.

Is KLA a good dividend stock?

KLA (NASDAQ:KLAC) pays an annual dividend of $4.20 per share and currently has a dividend yield of 1.13%. 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 19.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 17.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLAC.

How will KLA's stock buyback program work?

KLA declared that its board has approved a stock buyback plan on Thursday, June 16th 2022, which authorizes the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 12.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has KLA issued on next quarter's earnings?

KLA updated its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $5.70-$6.80 for the period, compared to the consensus earnings per share estimate of $5.81. The company issued revenue guidance of $2.48 billion-$2.73 billion, compared to the consensus revenue estimate of $2.52 billion.

What is Rick Wallace's approval rating as KLA's CEO?

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.

What other stocks do shareholders of KLA own?

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).

What is KLA's stock symbol?

KLA trades on the NASDAQ under the ticker symbol "KLAC."

Who are KLA's major shareholders?

KLA's stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (5.06%), FMR LLC (2.21%), Pictet Asset Management SA (1.38%), Northern Trust Corp (1.22%), State Farm Mutual Automobile Insurance Co. (0.99%) and Van ECK Associates Corp (0.84%). Insiders that own company stock include Ahmad A Khan, Ahmad A Khan, Amichai Steimberg, Bren D Higgins, Bren D Higgins, Brian Lorig, Brian M Trafas, Gary B Moore, Kevin Kennedy, Kiran M Patel, Mary Beth Wilkinson, Oreste Donzella, Richard P Wallace, Teri A Little, Virendra A Kirloskar and Virendra A Kirloskar.
View institutional ownership trends
.

How do I buy shares of KLA?

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.
Compare Top Brokerages Here.

What is KLA's stock price today?

One share of KLAC stock can currently be purchased for approximately $381.20.

How much money does KLA make?

KLA (NASDAQ:KLAC) has a market capitalization of $54.06 billion and generates $9.21 billion in revenue each year. The semiconductor company earns $3.32 billion in net income (profit) each year or $21.90 on an earnings per share basis.

How many employees does KLA have?

The company employs 11,550 workers across the globe.

Does KLA have any subsidiaries?

The following companies are subsidiares of KLA: ADE Corporation, Acme Systems, Ambios Technology, Belize Holdings LLC, CAPRES, Candela Instruments, Capres A/S, Dino Acquisition Technology L.L.C., FINLE Technologies, Fab Solutions, FabSolve, Filmetric Europe Gmbh, Filmetrics, Filmetrics Inc., Filmetrics Korea Ltd, Frontline P.C.B. Solutions (1998) Ltd., ICOS Vision Systems, ICOS Vision Systems (Shenzhen) Co. Ltd., ICOS Vision Systems Corporation BVBA, ICOS Vision Systems Ltd., ICOS Vision Systems NV, International Sales & Business Inc., Jiangsu Xinshun Microelectronics, KLA Aleris Holding LLC, KLA Singapore Holding Company III Pte. Ltd., KLA-Tencor (Malaysia) Sdn Bhd, KLA-Tencor (Singapore) Pte. Ltd., KLA-Tencor (Thailand) Limited, KLA-Tencor Asia-Pac Distribution Corporation, KLA-Tencor China Corporation, KLA-Tencor Corporation (1992) Ltd., KLA-Tencor Corporation (Cayman) Limited I, KLA-Tencor Corporation (Cayman) Limited III, KLA-Tencor Corporation (Cayman) Limited IV, KLA-Tencor Corporation (Israel), KLA-Tencor Corporation Holding (1987) Ltd., KLA-Tencor France SARL, KLA-Tencor GmbH, KLA-Tencor Integrated Metrology (Israel) (2002) Ltd., KLA-Tencor International Corporation, KLA-Tencor International Trading (Shanghai) Co. Ltd., KLA-Tencor Ireland Ltd., KLA-Tencor Italy S.R.L., KLA-Tencor Japan Ltd., KLA-Tencor Korea, KLA-Tencor Limited, KLA-Tencor MIE GmbH, KLA-Tencor MIE Holdings GmbH & Co. KG, KLA-Tencor MIE Holdings S.à r.l., KLA-Tencor MIE Holdings Verwaltungs GmbH, KLA-Tencor Semiconductor Equipment Technology (Shanghai) Co. Ltd., KLA-Tencor Singapore Holding Co. Pte II Ltd., KLA-Tencor Singapore Holding Co. Pte. Ltd., KLA-Tencor Software India Private Limited, KT Recreation Association LLC, KT Venture Group II L.L.C., KT Venture Group L.L.C., KT Venture Mgmt. LLC, Keystone Merger Sub Inc., Lakers Holding Company APS, Laser Imaging Systems GmbH, Lee Ta Technologies (BVI) Inc., Luminescent Technologies, MicroSense, Microsense LLC, Nanomechanics Inc., New System SRL, OnWafer Technologies, Optical Metrology Patents Limited, Orbograph Ltd., Orbot Europe S.A, Orbotech, Orbotech Asia Ltd, Orbotech B.V., Orbotech Caribbean Ltd., Orbotech Deutschland GmbH, Orbotech Electronics (Shenzhen) Co. Ltd, Orbotech Electronics (Suzhou) Co Ltd, Orbotech Holding GmbH, Orbotech Inc., Orbotech Japan Ltd, Orbotech Korea Ltd, Orbotech LT Solar LLC, Orbotech Logistics Ltd, Orbotech Ltd, Orbotech Pacific Ltd., Orbotech S.A., Orbotech Singapore Corporation Pte Ltd, Orbotech Technology Ventures LP, Orbotech Technology Ventures Ltd., Orbotech Trading (Shanghai) Co. Ltd, Photon Dynamics Inc., Photon Dynamics Solar Corporation, Primaxx Inc., QC Optics, Qoniac, Qoniac GmbH, Qoniac Japan Ltd., Qoniac Korea Ltd., Qoniac Taiwan Ltd., SPTS Technologies (Shanghai) Co. Ltd., SPTS Technologies ET Ltd, SPTS Technologies GmbH, SPTS Technologies Inc., SPTS Technologies Limited, SPTS Technologies Ltd, SPTS Technologies Overseas Holdings Ltd., SPTS Technologies Pte Ltd., SPTS Technologies SAS, SPTS Technologies UK Limited, SensArray Corp, Therma-Wave, VLSI Standards Inc., Vistec Semiconductor Systems - MIE, Whiskey Holding Sub LLC, Zeta Instruments, and Zeta Instruments Inc..
Read More

When was KLA founded?

KLA was founded in 1976.

How can I contact KLA?

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.

This page (NASDAQ:KLAC) was last updated on 8/13/2022 by MarketBeat.com Staff

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