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NVDA   180.64 (+5.72%)
NIO   20.02 (+4.43%)
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AMD   98.87 (+3.49%)
MU   61.35 (+3.72%)
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NASDAQ:KLAC

KLA - KLAC Stock Forecast, Price & News

$374.34
+16.02 (+4.47%)
(As of 08/10/2022 03:59 PM ET)
Add
Compare
Today's Range
$363.95
$375.38
50-Day Range
$293.00
$397.40
52-Week Range
$282.83
$457.12
Volume
73,130 shs
Average Volume
1.48 million shs
Market Capitalization
$55.86 billion
P/E Ratio
17.09
Dividend Yield
1.08%
Price Target
$425.16

KLA MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
14.1% 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
0.17mentions of KLA in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$2.74 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.

2.55 out of 5 stars

Computer And Technology Sector

144th out of 653 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

A number of equities research analysts recently weighed in on the company. UBS Group reduced their price objective on KLA from $360.00 to $345.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 28th. Barclays cut their target price on KLA from $365.00 to $325.00 and set an "equal weight" rating on the stock in a report on Monday, July 25th. Evercore ISI set a $425.00 target price on KLA in a report on Monday, June 20th. Wells Fargo & Company cut their target price on KLA from $400.00 to $375.00 and set an "overweight" rating on the stock in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on KLA from $425.00 to $385.00 in a report on Monday, July 18th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $425.16.

KLA Stock Performance

KLA stock opened at $358.32 on Wednesday. The stock's 50 day simple moving average is $340.65 and its two-hundred day simple moving average is $346.70. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.75 and a current ratio of 2.50. The stock has a market cap of $53.47 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.28 and a beta of 1.33. KLA has a fifty-two week low of $282.83 and a fifty-two week high of $457.12.

KLA (NASDAQ:KLAC - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share 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 for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the previous year, the firm posted $4.43 EPS. The business's revenue was up 29.2% on a year-over-year basis. As a group, analysts expect that KLA will post 24.83 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. This is a positive change from KLA's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, August 12th. KLA's dividend payout ratio is 19.18%.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 5,330 shares of the 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 sale, the chief financial officer now owns 52,145 shares in the company, valued at approximately $19,977,270.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KLA news, CFO Bren D. Higgins sold 5,330 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,041,976.30. Following the completion of the transaction, the chief financial officer now owns 52,145 shares of the company's stock, valued at approximately $19,977,270.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 1,020 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $337.02, for a total transaction of $343,760.40. Following the transaction, the chief financial officer now directly owns 64,257 shares of the company's stock, valued at approximately $21,655,894.14. The disclosure for this sale can be found here. Insiders sold 7,303 shares of company stock worth $2,739,490 in the last three months. Corporate insiders own 0.14% of the company's stock.

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KLAC Stock News Headlines

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
8/10/2022
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
+13.6%
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
$16.07 per share
Book Value
$9.38 per share

Miscellaneous

Free Float
149,026,000
Market Cap
$55.86 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 1-year price targets for KLA's stock. Their KLAC share price forecasts range from $325.00 to $545.00. On average, they anticipate the company's stock price to reach $425.16 in the next year. This suggests a possible upside of 14.5% 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 on January 1st, 2022. Since then, KLAC shares have decreased by 13.7% and is now trading at $371.24.
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) issued its earnings results on Thursday, July, 28th. The semiconductor company reported $5.81 EPS for the quarter, topping analysts' consensus estimates of $5.46 by $0.35. The semiconductor company earned $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. KLA had a trailing twelve-month return on equity of 95.80% and a net margin of 36.06%. The business's revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.43 EPS.
Read the conference call transcript
.

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

KLA announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Monday, August 15th will be paid a dividend of $1.30 per share on Thursday, September 1st. This represents a $5.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase 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 1.08%. 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 announced that its Board of Directors has approved a stock buyback plan on Thursday, June 16th 2022, which permits the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 12.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is 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 a number of institutional and retail investors. Top institutional investors include Pictet Asset Management SA (1.38%), Van ECK Associates Corp (0.84%), Maj Invest Holding A S (0.64%), C2C Wealth Management LLC (0.61%), Swiss National Bank (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.30%). 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 $371.24.

How much money does KLA make?

KLA (NASDAQ:KLAC) has a market capitalization of $55.40 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 8/10/2022 by MarketBeat.com Staff

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