KLA - KLAC Stock Forecast, Price & News

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.

Analyst Ratings Changes

KLAC has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of KLA from $430.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. KeyCorp increased their target price on shares of KLA from $375.00 to $410.00 and gave the stock an "overweight" rating in a report on Friday, July 29th. Barclays dropped their target price on shares of KLA from $365.00 to $325.00 and set an "equal weight" rating for the company in a report on Monday, July 25th. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a report on Tuesday, May 31st. Finally, UBS Group dropped their target price on shares of KLA from $360.00 to $345.00 and set a "neutral" rating for the company in a report on Tuesday, June 28th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $425.16.

KLA Stock Performance

Shares of KLAC Stock opened at $384.32 on Tuesday. The company has a market cap of $54.50 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. KLA has a 52 week low of $282.83 and a 52 week high of $457.12. The company has a quick ratio of 1.75, a current ratio of 2.50 and a debt-to-equity ratio of 4.76. The firm has a 50 day moving average of $341.83 and a 200-day moving average of $346.62.

KLA (NASDAQ:KLAC - Get Rating) last issued its earnings results on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.46 by $0.35. KLA had a return on equity of 95.80% and a net margin of 36.06%. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period last year, the business earned $4.43 EPS. KLA's quarterly revenue was up 29.2% compared to the same quarter last year. On average, equities analysts forecast that KLA will post 24.83 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 12th. This is a boost from KLA's previous quarterly dividend of $1.05. This represents a $5.20 annualized dividend and a yield of 1.35%. KLA's dividend payout ratio (DPR) is 23.74%.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 420 shares of the firm's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $383.71, for a total transaction of $161,158.20. Following the transaction, the chief accounting officer now directly owns 5,651 shares in the company, valued at approximately $2,168,345.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Virendra A. Kirloskar sold 325 shares of the firm's stock in a transaction on Monday, August 8th. The stock was sold at an average price of $390.85, for a total transaction of $127,026.25. Following the completion of the sale, the chief accounting officer now directly owns 5,291 shares of the company's stock, valued at approximately $2,067,987.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Virendra A. Kirloskar sold 420 shares of KLA stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $383.71, for a total value of $161,158.20. Following the completion of the sale, the chief accounting officer now directly owns 5,651 shares of the company's stock, valued at approximately $2,168,345.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,045 shares of company stock worth $3,025,459. Corporate insiders own 0.14% of the company's stock.