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NASDAQ:KLAC

KLA (KLAC) Stock Price, News & Analysis

$731.04
-8.56 (-1.16%)
(As of 09/18/2024 ET)

About KLA Stock (NASDAQ:KLAC)

Key Stats

Today's Range
$729.79
$752.15
50-Day Range
$696.17
$867.18
52-Week Range
$440.15
$896.32
Volume
817,204 shs
Average Volume
929,474 shs
Market Capitalization
$98.43 billion
P/E Ratio
38.29
Dividend Yield
0.79%
Price Target
$812.80
Consensus Rating
Moderate Buy

Company Overview

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.

KLA Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 97th Percentile

KLA scored higher than 97% of companies evaluated by MarketBeat, and ranked 94th out of 669 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 2.62, and is based on 13 buy ratings, 8 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    KLA has been the subject of 11 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 11.03% in the coming year, from $29.09 to $32.30 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of KLA is 38.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of KLA is 38.29, 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 268.36.

  • Price to Earnings Growth Ratio

    KLA has a PEG Ratio of 1.49. 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 29.22. 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

    2.01% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in KLA has recently increased by 20.00%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    KLA has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    KLA has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of KLA is 30.38%. 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 17.96% 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

    2.01% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in KLA has recently increased by 20.00%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    KLA has a news sentiment score of 0.54. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for KLA this week, compared to 13 articles on an average week.
  • Search Interest

    Only 20 people have searched for KLAC on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added KLA to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, KLA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,568,247.00 in 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.

KLAC Stock News Headlines

KLA (NASDAQ:KLAC) Given New $900.00 Price Target at Citigroup
Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
KLA (NASDAQ:KLAC) Given New $765.00 Price Target at UBS Group
Analyst Expectations For KLA's Future
See More Headlines

KLAC Stock Analysis - Frequently Asked Questions

KLA's stock was trading at $581.30 at the beginning of 2024. Since then, KLAC shares have increased by 25.8% and is now trading at $731.04.
View the best growth stocks for 2024 here
.

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

KLA's Board of Directors approved a share buyback 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 purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

KLA subsidiaries include these companies: Qoniac, Filmetrics, CAPRES, MicroSense, Orbotech, Zeta Instruments, Luminescent Technologies, and others.

Top institutional investors 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
.

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), Intel (INTC), Lam Research (LRCX), QUALCOMM (QCOM), Applied Materials (AMAT), Micron Technology (MU) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
7/24/2024
Ex-Dividend for 9/3 Dividend
8/15/2024
Dividend Payable
9/03/2024
Today
9/18/2024
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
$812.80
High Stock Price Target
$950.00
Low Stock Price Target
$550.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
21 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
32.51%

Debt

Sales & Book Value

Annual Sales
$9.81 billion
Cash Flow
$28.46 per share
Book Value
$25.02 per share

Miscellaneous

Free Float
134,478,000
Market Cap
$98.43 billion
Optionable
Optionable
Beta
1.28

Social Links

Should I Buy KLA Stock? KLAC Pros and Cons Explained

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.

KLA
Bull Case

green Wall Street bull icon

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.

KLA
Bear Case

red Wall Street bear icon

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.

This page (NASDAQ:KLAC) was last updated on 9/18/2024 by MarketBeat.com Staff
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