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

Several equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of KLA from $373.00 to $377.00 and gave the stock an "equal weight" rating in a report on Monday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of KLA from $425.00 to $385.00 in a report on Monday, July 18th. UBS Group reduced 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. 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 report on Wednesday, June 29th. Finally, KeyCorp upped their price target on KLA from $375.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $425.16.

KLA Stock Down 0.5 %

NASDAQ:KLAC opened at $372.75 on Friday. 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 company has a market capitalization of $52.86 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.16 and a beta of 1.33. KLA has a one year low of $282.83 and a one year high of $457.12. The stock has a 50 day moving average price of $341.00 and a 200-day moving average price of $346.89.

KLA (NASDAQ:KLAC - Get Rating) last posted its earnings results on Thursday, July 28th. The semiconductor company reported $5.81 EPS for the quarter, beating analysts' consensus estimates of $5.46 by $0.35. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. KLA had a return on equity of 95.80% and a net margin of 36.06%. The company's quarterly 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. As a group, equities analysts predict that KLA will post 24.83 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a $1.30 dividend. The ex-dividend date is Friday, August 12th. This is an increase from KLA's previous quarterly dividend of $1.05. This represents a $5.20 dividend on an annualized basis and a yield of 1.40%. KLA's dividend payout ratio (DPR) is currently 19.18%.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 1,020 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $337.02, for a total value of $343,760.40. Following the completion of the sale, the chief financial officer now directly owns 64,257 shares in the company, valued at $21,655,894.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other KLA news, CAO Virendra A. Kirloskar sold 325 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $390.85, for a total value of $127,026.25. Following the sale, the chief accounting officer now owns 5,291 shares in the company, valued at $2,067,987.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 1,020 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $337.02, for a total value of $343,760.40. Following the completion of the sale, the chief financial officer now owns 64,257 shares in the company, valued at approximately $21,655,894.14. The disclosure for this sale can be found here. Insiders sold a total of 7,790 shares of company stock worth $2,929,834 over the last three months. 0.16% of the stock is owned by insiders.