KLA - KLAC Stock Forecast, Price & News

18 Wall Street 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 analysts is that investors should "buy" KLAC shares.
View KLAC analyst ratings or view top-rated stocks.

18 equities research analysts have issued 1 year price objectives for KLA's shares. Their KLAC share price forecasts range from $325.00 to $545.00. On average, they predict the company's share price to reach $424.16 in the next twelve months. This suggests a possible upside of 37.5% 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 $430.11 on January 1st, 2022. Since then, KLAC stock has decreased by 28.3% and is now trading at $308.38.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) announced its quarterly earnings results on Thursday, July, 28th. The semiconductor company reported $5.81 earnings per share for the quarter, topping the consensus estimate of $5.46 by $0.35. The semiconductor company earned $2.49 billion during the quarter, compared to analysts' expectations of $2.42 billion. KLA had a net margin of 36.06% and a trailing twelve-month return on equity of 95.80%. The firm's revenue was up 29.2% compared to the same quarter last year. During the same period last year, the business earned $4.43 earnings per share.
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KLA announced 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 1.69%. The ex-dividend date is Friday, August 12th. This is a positive change from the stock's previous quarterly dividend of $1.05.
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 1.71%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 21.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLAC.

KLA announced that its board has authorized a share repurchase program on Thursday, June 16th 2022, which allows the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 12.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

KLA issued an update on 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 EPS 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.

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 institutional and retail investors. Top institutional investors include Primecap Management Co. CA (5.06%), Price T Rowe Associates Inc. MD (4.37%), State Street Corp (4.25%), FMR LLC (2.21%), Goldman Sachs Group Inc. (1.85%) and Pictet Asset Management SA (1.38%). 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.
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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 $308.38.

KLA (NASDAQ:KLAC) has a market capitalization of $43.73 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.

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.