KLA - KLAC Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 8 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.

13 equities research analysts have issued twelve-month price objectives for KLA's stock. Their KLAC share price forecasts range from $318.00 to $505.00. On average, they predict the company's share price to reach $382.76 in the next year. This suggests that the stock has a possible downside of 10.7%.
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 shares have increased by 13.7% and is now trading at $428.76.
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KLA Co. (NASDAQ:KLAC) issued its quarterly earnings results on Tuesday, October, 26th. The semiconductor company reported $4.64 earnings per share for the quarter, topping analysts' consensus estimates of $4.52 by $0.12. The semiconductor company earned $2.08 billion during the quarter, compared to analysts' expectations of $2.04 billion. KLA had a trailing twelve-month return on equity of 120.41% and a net margin of 33.28%. KLA's revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.03 earnings per share.
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KLA declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Tuesday, November 15th will be paid a dividend of $1.30 per share on Thursday, December 1st. This represents a $5.20 annualized dividend and a yield of 1.21%. The ex-dividend date is Monday, November 14th.
Read our dividend analysis for KLAC.

KLA (NASDAQ:KLAC) pays an annual dividend of $5.20 per share and currently has a dividend yield of 1.23%. 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 23.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 29.15% 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 of Directors has initiated a share buyback plan on Thursday, June 16th 2022, which authorizes the company to buyback $6,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 12.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

KLA issued an update on its third quarter earnings guidance on Thursday, January, 26th. The company provided earnings per share guidance of $4.52-5.92 for the period, compared to the consensus EPS estimate of $5.82. The company issued revenue guidance of $2.2-2.5 billion, compared to the consensus revenue estimate of $2.50 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 variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (0.18%), Ardevora Asset Management LLP (0.13%), Harel Insurance Investments & Financial Services Ltd. (0.08%), Campbell Newman Asset Management Inc. (0.07%), Strs Ohio (0.05%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Ahmad A Khan, Bren D Higgins, Brian Lorig, 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.
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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 $428.76.

KLA (NASDAQ:KLAC) has a market capitalization of $60.76 billion and generates $9.21 billion in revenue each year. The semiconductor company earns $3.32 billion in net income (profit) each year or $22.14 on an earnings per share basis.

The company employs 14,280 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.