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KLA Co. (NASDAQ:KLAC) – Equities researchers at Jefferies Financial Group issued their Q1 2023 earnings per share (EPS) estimates for KLA in a report issued on Wednesday, January 5th. Jefferies Financial Group analyst M. Lipacis forecasts that the semiconductor company will post earnings per share of $5.60 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $515.00 price target on the stock. Jefferies Financial Group also issued estimates for KLA’s Q2 2023 earnings at $5.66 EPS, FY2023 earnings at $23.06 EPS and FY2024 earnings at $25.79 EPS.
A number of other research firms have also recently commented on KLAC. Bank of America lifted their target price on KLA from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 17th. Morgan Stanley boosted their price target on KLA from $399.00 to $431.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 15th. The Goldman Sachs Group boosted their price target on KLA from $393.00 to $451.00 and gave the company a “neutral” rating in a research report on Friday, December 17th. Barclays boosted their price target on KLA from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Thursday, October 28th. Finally, UBS Group boosted their price target on KLA from $355.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, October 28th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $424.86.
KLAC opened at $432.22 on Friday. The business’s 50-day simple moving average is $411.95 and its 200-day simple moving average is $359.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.76 and a current ratio of 2.44. KLA has a one year low of $268.36 and a one year high of $442.43. The stock has a market capitalization of $65.53 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.52 by $0.12. KLA had a return on equity of 75.15% and a net margin of 36.52%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $3.03 earnings per share. KLA’s quarterly revenue was up 35.4% on a year-over-year basis.
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Hedge funds have recently added to or reduced their stakes in the company. D Orazio & Associates Inc. acquired a new stake in shares of KLA during the 3rd quarter worth $29,000. Prestige Wealth Management Group LLC boosted its position in KLA by 1,022.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 101 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 92 shares during the period. Hartford Financial Management Inc. purchased a new stake in KLA during the 3rd quarter worth $52,000. MV Capital Management Inc. boosted its position in KLA by 28.9% during the 3rd quarter. MV Capital Management Inc. now owns 156 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 35 shares during the period. Finally, Atticus Wealth Management LLC purchased a new stake in KLA during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 85.97% of the company’s stock.
In other news, CFO Bren D. Higgins sold 3,883 shares of the company’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $422.59, for a total transaction of $1,640,916.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ahmad A. Khan sold 885 shares of the company’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $422.59, for a total value of $373,992.15. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 15th were issued a $1.05 dividend. The ex-dividend date was Friday, November 12th. This represents a $4.20 annualized dividend and a yield of 0.97%. KLA’s dividend payout ratio (DPR) is presently 23.78%.
KLA Company Profile
KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments; Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection and Other.
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