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KLA (KLAC) Stock Price, News & Analysis

KLA logo
$639.55 +6.39 (+1.01%)
(As of 11/22/2024 ET)

About KLA Stock (NASDAQ:KLAC)

Key Stats

Today's Range
$630.00
$643.03
50-Day Range
$614.46
$829.65
52-Week Range
$527.11
$896.32
Volume
981,894 shs
Average Volume
968,099 shs
Market Capitalization
$85.55 billion
P/E Ratio
29.20
Dividend Yield
1.06%
Price Target
$815.55
Consensus Rating
Moderate Buy

Company Overview

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 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; chemical process control equipment; wired and wireless sensor wafers and reticles; wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; 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.

KLA Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

KLAC MarketRank™: 

KLA scored higher than 100% of companies evaluated by MarketBeat, and ranked 6th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    KLA has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 14 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    KLA has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about KLA's stock forecast and price target.
  • Earnings Growth

    Earnings for KLA are expected to grow by 4.46% in the coming year, from $30.91 to $32.29 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of KLA is 29.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of KLA is 29.20, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 261.31.

  • Price to Earnings Growth Ratio

    KLA has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    KLA has a P/B Ratio of 24.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about KLA's valuation and earnings.
  • Percentage of Shares Shorted

    1.73% of the float of KLA has been sold short.
  • Short Interest Ratio / Days to Cover

    KLA has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in KLA has recently decreased by 8.70%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    KLA pays a meaningful dividend of 1.10%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    KLA has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of KLA is 31.05%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, KLA will have a dividend payout ratio of 21.06% next year. This indicates that KLA will be able to sustain or increase its dividend.

  • Read more about KLA's dividend.
  • Percentage of Shares Shorted

    1.73% of the float of KLA has been sold short.
  • Short Interest Ratio / Days to Cover

    KLA has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in KLA has recently decreased by 8.70%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    KLA has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 29 news articles for KLA this week, compared to 15 articles on an average week.
  • Search Interest

    41 people have searched for KLAC on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.
  • MarketBeat Follows

    20 people have added KLA to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, KLA insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.12% of the stock of KLA is held by insiders.

  • Percentage Held by Institutions

    86.65% of the stock of KLA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about KLA's insider trading history.
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KLAC Stock News Headlines

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Dividend Growth Meets Chips: Top 3 Semiconductor Stocks to Watch (KLAC)
Check out these three stocks in the semiconductor industry that recently announced notable increases in their quarterly dividends.
April 09th 2024 , Fremont, California. Close up on logo of Lam Research on the screen of an exchange. Lam Research price stocks, $LRCX on a device. — Stock Editorial Photography
Lam Research Fueled by Unyielding AI Demand Growth (KLAC)
Lam Research Co. (NASDAQ: LRCX) is a semiconductor equipment manufacturer that makes machines that help make computer chips.
The #1 ETF for monthly income
We just found the #1 ETF for monthly income. This outlier is paying a huge 22% dividend... And you could start collecting it if you act by December 19th.
KLA (NASDAQ:KLAC) Shares Gap Down - Should You Sell?
KLA Co. (NASDAQ:KLAC) Receives $802.90 Consensus PT from Brokerages
See More Headlines

KLAC Stock Analysis - Frequently Asked Questions

KLA's stock was trading at $581.30 at the beginning of the year. Since then, KLAC stock has increased by 10.0% and is now trading at $639.55.
View the best growth stocks for 2024 here
.

KLA Co. (NASDAQ:KLAC) posted its quarterly earnings results on Wednesday, October, 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.03 by $0.30. KLA's revenue was up 18.5% on a year-over-year basis.
Read the conference call transcript
.

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

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

KLA's top institutional investors include State Street Corp (4.47%), Primecap Management Co. CA (3.96%), Mizuho Securities USA LLC (2.56%) and Geode Capital Management LLC (2.41%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that KLA investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), ServiceNow (NOW) and Salesforce (CRM).

Company Calendar

Ex-Dividend for 9/3 Dividend
8/15/2024
Dividend Payable
9/03/2024
Last Earnings
10/30/2024
Ex-Dividend for 12/3 Dividend
11/18/2024
Today
11/22/2024
Dividend Payable
12/03/2024
Next Earnings (Estimated)
1/23/2025
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
$815.55
High Stock Price Target
$950.00
Low Stock Price Target
$675.00
Potential Upside/Downside
+27.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
33.31%

Debt

Sales & Book Value

Annual Sales
$9.81 billion
Cash Flow
$30.25 per share
Book Value
$26.61 per share

Miscellaneous

Free Float
133,599,000
Market Cap
$85.45 billion
Optionable
Optionable
Beta
1.29

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This page (NASDAQ:KLAC) was last updated on 11/22/2024 by MarketBeat.com Staff
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