KLA - KLAC Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KLAC shares.
View KLAC analyst ratings or view top-rated stocks.

13 brokers have issued 12-month target prices for KLA's stock. Their KLAC share price forecasts range from $260.00 to $515.00. On average, they expect the company's share price to reach $378.28 in the next year. This suggests that the stock has a possible downside of 2.9%.
View analysts price targets for KLAC or view top-rated stocks among Wall Street analysts.

KLA's stock was trading at $430.11 at the start of the year. Since then, KLAC shares have decreased by 9.4% and is now trading at $389.56.
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KLA saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,520,000 shares, an increase of 28.9% from the October 31st total of 2,730,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 1.9 days. Currently, 2.5% of the company's shares are sold short.
View KLA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) posted its quarterly earnings data on Tuesday, October, 26th. The semiconductor company reported $4.64 EPS for the quarter, beating the consensus estimate of $4.52 by $0.12. The semiconductor company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.04 billion. KLA had a net margin of 33.28% and a trailing twelve-month return on equity of 120.41%. The business's revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the business posted $3.03 earnings per share.
Read the conference call transcript.

KLA declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Tuesday, November 15th will be paid a dividend of $1.30 per share on Thursday, December 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, November 14th.
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 1.33%. 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 23.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 29.77% 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 of Directors has initiated a share repurchase program on Thursday, June 16th 2022, which permits the company to buyback $6,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

KLA issued an update on its second quarter 2023 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $6.30-$7.70 for the period, compared to the consensus EPS estimate of $6.15. The company issued revenue guidance of $2.65 billion-$2.95 billion, compared to the consensus revenue estimate of $2.59 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.22%), BlackRock Inc. (7.56%), Primecap Management Co. CA (5.02%), State Street Corp (4.12%), Price T Rowe Associates Inc. MD (3.52%) and Massachusetts Financial Services Co. MA (2.00%). 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.
View institutional ownership trends.

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 $389.56.

KLA (NASDAQ:KLAC) has a market capitalization of $55.21 billion and generates $9.21 billion in revenue each year. The semiconductor company earns $3.32 billion in net income (profit) each year or $22.14 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.