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NASDAQ:KLAC

KLA (KLAC) Stock Price, News & Analysis

$866.55
+11.34 (+1.33%)
(As of 07/8/2024 ET)
Today's Range
$854.55
$869.06
50-Day Range
$666.04
$866.55
52-Week Range
$440.15
$876.55
Volume
438,615 shs
Average Volume
704,932 shs
Market Capitalization
$116.67 billion
P/E Ratio
45.39
Dividend Yield
0.67%
Price Target
$747.40

KLA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
13.7% Downside
$747.40 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.98mentions of KLA in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$16.83 M Sold Last Quarter
Proj. Earnings Growth
20.90%
From $23.30 to $28.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.89 out of 5 stars

Computer And Technology Sector

18th out of 568 stocks

Optical Instruments & Lenses Industry

1st out of 5 stocks

KLAC stock logo

About KLA Stock (NASDAQ:KLAC)

KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection. The company offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned wafers; metrology systems that are used to measure pattern dimensions, film thickness, film stress, layer-to-layer alignment, pattern placement, surface topography, and electro-optical properties for wafers; Wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; chemical process control equipment; wired and wireless sensor wafers and reticles; and semiconductor software solutions that provide run-time process control, defect excursion identification, process corrections, and defect classification to accelerate yield learning rates and reduce production risk. It also provides etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, the company offers direct imaging, inspection, optical shaping, inkjet and additive printing, UV laser drilling and computer-aided manufacturing and engineering solutions for the PCB market; inspection and electrical testing systems to identify and classify defects, as well as systems to repair defects for the display market; and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets. 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.

KLAC Stock Price History

KLAC Stock News Headlines

The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
KLA Co. (NASDAQ:KLAC) EVP Sells $36,053.60 in Stock
KLA (NASDAQ:KLAC) Rating Lowered to Hold at StockNews.com
The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
KLAC Sep 2024 880.000 call
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/31 Dividend
5/14/2024
Dividend Payable
5/31/2024
Today
7/08/2024
Next Earnings (Confirmed)
7/24/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Optical instruments & lenses
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:KLAC
CUSIP
48248010
Employees
15,210
Year Founded
1976

Price Target and Rating

Average Stock Price Target
$747.40
High Stock Price Target
$950.00
Low Stock Price Target
$550.00
Potential Upside/Downside
-13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
21 Analysts

Profitability

Net Income
$3.39 billion
Pretax Margin
31.47%

Debt

Sales & Book Value

Annual Sales
$10.50 billion
Cash Flow
$29.44 per share
Book Value
$21.36 per share

Miscellaneous

Free Float
134,478,000
Market Cap
$116.67 billion
Optionable
Optionable
Beta
1.27

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Should I Buy KLA Stock? KLAC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in KLA Co.:

  • KLA Co. has a consensus rating of "Moderate Buy" with an average target price of $740.15, indicating positive sentiment from analysts.
  • Recent insider activity shows executives selling shares at higher prices, suggesting confidence in the company's growth potential.
  • Wells Fargo & Company raised KLA's price target to $950.00, indicating strong upside potential according to analysts.
  • Multiple analysts have issued buy ratings for KLA Co., signaling optimism about the company's future performance.
  • KLA's stock price has been on an upward trend, reaching $848.88, reflecting positive market sentiment and potential for further growth.

Cons

Investors should be bearish about investing in KLA Co. for these reasons:

  • Despite positive analyst ratings, there are concerns about the stock being overvalued due to the high target prices set by analysts.
  • Recent insider selling activities could raise questions about the company's long-term growth prospects and stability.
  • The stock's price-to-earnings ratio of 44.47 and price-to-earnings-growth ratio of 3.95 may indicate a relatively high valuation compared to industry peers.
  • KLA Co. has a debt-to-equity ratio of 1.90, which could pose risks in case of economic downturns or financial challenges.
  • Investors should consider the stock's beta of 1.28, indicating higher volatility compared to the market average, which may lead to increased risk.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these KLA pros and cons to contact@marketbeat.com.

KLAC Stock Analysis - Frequently Asked Questions

How have KLAC shares performed this year?

KLA's stock was trading at $581.30 at the start of the year. Since then, KLAC shares have increased by 49.1% and is now trading at $866.55.
View the best growth stocks for 2024 here
.

How were KLA's earnings last quarter?

KLA Co. (NASDAQ:KLAC) issued its quarterly earnings results on Thursday, April, 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. The firm's revenue was down 3.0% compared to the same quarter last year.
Read the conference call transcript
.

How will KLA's stock buyback program work?

KLA's board authorized a stock repurchase plan on Tuesday, September 5th 2023, which permits the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.

Does KLA have any subsidiaries?

The following companies are subsidiaries of KLA: Qoniac, Filmetrics, CAPRES, MicroSense, Orbotech, Zeta Instruments, Luminescent Technologies, and others.

Who are KLA's major shareholders?

KLA's top institutional shareholders include DNB Asset Management AS (0.03%), Hudson Valley Investment Advisors Inc. ADV (0.01%), Jackson Wealth Management LLC (0.01%) and Insight Wealth Strategies LLC. Insiders that own company stock include Richard P Wallace, Ahmad A Khan, Bren D Higgins, Oreste Donzella, Brian Lorig, Mary Beth Wilkinson, Virendra A Kirloskar and Jeneanne Michelle Hanley.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of KLA own?

Based on aggregate information from My MarketBeat watchlists, some other companies that KLA investors own include NVIDIA (NVDA), Intel (INTC), Lam Research (LRCX), QUALCOMM (QCOM), Applied Materials (AMAT), Micron Technology (MU) and Advanced Micro Devices (AMD).

This page (NASDAQ:KLAC) was last updated on 7/9/2024 by MarketBeat.com Staff

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