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NASDAQ:KLAC

KLA (KLAC) Stock Price, News & Analysis

$702.80
-25.26 (-3.47%)
(As of 09/6/2024 08:48 PM ET)
Today's Range
$696.79
$728.20
50-Day Range
$696.17
$892.35
52-Week Range
$440.15
$896.32
Volume
1.39 million shs
Average Volume
932,352 shs
Market Capitalization
$94.62 billion
P/E Ratio
36.82
Dividend Yield
0.83%
Price Target
$805.29

KLA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
14.6% Upside
$805.29 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.97mentions of KLA in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$14.57 M Sold Last Quarter
Proj. Earnings Growth
11.03%
From $29.09 to $32.30 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.

4.86 out of 5 stars

Computer And Technology Sector

35th out of 592 stocks

Optical Instruments & Lenses Industry

1st out of 6 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

Wall Street Insider Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
KLA Corporation (KLAC) Rose on Continued Strength
KLA raises its quarterly dividend by 17%
Wall Street Insider Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
KLA (NASDAQ:KLAC) Stock Rating Lowered by StockNews.com
KLAC Aug 2024 695.000 put
KLAC Aug 2024 925.000 call
KLAC Aug 2024 955.000 call
KLA (NASDAQ:KLAC) Seems To Use Debt Quite Sensibly
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Ex-Dividend for 9/3 Dividend
8/15/2024
Dividend Payable
9/03/2024
Today
9/09/2024
Next Earnings (Estimated)
10/23/2024
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
15,230
Year Founded
1976

Price Target and Rating

Average Stock Price Target
$805.29
High Stock Price Target
$960.00
Low Stock Price Target
$550.00
Potential Upside/Downside
+14.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
32.51%

Debt

Sales & Book Value

Annual Sales
$9.81 billion
Cash Flow
$29.15 per share
Book Value
$25.02 per share

Miscellaneous

Free Float
134,478,000
Market Cap
$94.62 billion
Optionable
Optionable
Beta
1.28

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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. stock price has shown a consistent upward trend, trading up 5.3% recently, reaching $836.19.
  • KLA Co. reported strong quarterly earnings with $6.60 earnings per share, beating consensus estimates by $0.45.
  • The company has a solid return on equity of 103.50%, indicating efficient use of shareholder funds.
  • KLA Co. has a healthy dividend payout ratio of 30.38%, offering investors a steady income stream.
  • The semiconductor industry, where KLA operates, is experiencing growth, providing a favorable market environment for the company.

Cons

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

  • Insiders have been selling company stock, with recent sales totaling 29,769 shares worth $21,324,890, which may raise concerns about insider sentiment.
  • KLA Co.'s stock price recently traded down 7.9%, indicating potential volatility in the market.
  • The company's debt-to-equity ratio of 1.75 may pose risks in case of economic downturns or financial challenges.
  • Despite positive earnings, the stock has a relatively high P/E ratio of 41.59, which could deter value-oriented investors.
  • Market competition in the semiconductor industry is intense, leading to potential challenges for KLA Co. in maintaining market share.
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 Sunday, August 25, 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 stock has increased by 20.9% and is now trading at $702.80.
View the best growth stocks for 2024 here
.

How were KLA's earnings last quarter?

KLA Co. (NASDAQ:KLAC) announced its quarterly earnings data on Wednesday, July, 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts' consensus estimates of $6.15 by $0.45. KLA's revenue for the quarter was up 9.1% compared to the same quarter last year.
Read the conference call transcript
.

How will KLA's stock buyback program work?

KLA's Board of Directors approved a stock buyback program on Tuesday, September 5th 2023, which authorizes the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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?

KLA subsidiaries include Qoniac, Filmetrics, CAPRES, MicroSense, Orbotech, Zeta Instruments, Luminescent Technologies, and more.

Who are KLA's major shareholders?

Top institutional shareholders of KLA include Primecap Management Co. CA (4.10%), Massachusetts Financial Services Co. MA (2.09%), Ameriprise Financial Inc. (1.06%) and Legal & General Group Plc (0.86%). 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 9/9/2024 by MarketBeat.com Staff

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