KLA - KLAC Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last year. There are currently 1 sell rating, 5 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.

14 brokerages have issued twelve-month target prices for KLA's shares. Their KLAC share price forecasts range from $325.00 to $505.00. On average, they expect the company's share price to reach $400.61 in the next year. This suggests that the stock has a possible downside of 3.9%.
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 10.6% and is now trading at $416.83.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) released its earnings results on Thursday, January, 26th. The semiconductor company reported $7.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.08 by $0.30. The semiconductor company earned $2.98 billion during the quarter, compared to analysts' expectations of $2.83 billion. KLA had a net margin of 33.77% and a trailing twelve-month return on equity of 145.21%. The business's quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $5.59 EPS.
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KLA announced a quarterly dividend on Thursday, February 2nd. Shareholders of record on Monday, February 13th will be paid a dividend of $1.30 per share on Wednesday, March 1st. This represents a $5.20 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 10th.
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 1.28%. 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 21.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 27.37% 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 approved a share repurchase plan on Thursday, June 16th 2022, which authorizes the company to buyback $6,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy 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 EPS guidance of $4.52-5.92 for the period, compared to the consensus earnings per share 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 number of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc (0.52%), M&G Investment Management Ltd. (0.47%), Maj Invest Holding A S (0.31%), Parnassus Investments LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Envestnet Asset Management Inc. (0.18%). 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 $416.83.

KLA (NASDAQ:KLAC) has a market capitalization of $57.72 billion and generates $9.21 billion in revenue each year. The semiconductor company earns $3.32 billion in net income (profit) each year or $24.32 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.