Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
KLA Co. (NASDAQ:KLAC – Get Rating) – Analysts at Zacks Research lowered their Q4 2023 EPS estimates for KLA in a note issued to investors on Tuesday, October 25th. Zacks Research analyst S. Nag now anticipates that the semiconductor company will post earnings per share of $5.31 for the quarter, down from their prior estimate of $6.14. The consensus estimate for KLA’s current full-year earnings is $22.65 per share. Zacks Research also issued estimates for KLA’s Q1 2024 earnings at $5.29 EPS, Q2 2024 earnings at $5.65 EPS, Q3 2024 earnings at $5.39 EPS, Q4 2024 earnings at $5.21 EPS, FY2024 earnings at $21.55 EPS, Q1 2025 earnings at $4.93 EPS and FY2025 earnings at $22.73 EPS.
Several other brokerages have also recently issued reports on KLAC. Wells Fargo & Company reduced their price objective on KLA from $420.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, October 10th. Morgan Stanley reduced their price objective on KLA from $381.00 to $358.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 6th. Berenberg Bank cut their target price on KLA from $430.00 to $390.00 and set a “buy” rating on the stock in a research note on Friday, October 14th. Needham & Company LLC raised their target price on KLA from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday. Finally, KeyCorp raised their target price on KLA from $375.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.21.
KLA Stock Performance
Shares of KLAC opened at $306.74 on Thursday. The business’s fifty day moving average price is $323.23 and its 200 day moving average price is $334.46. KLA has a 12-month low of $250.20 and a 12-month high of $457.12. The stock has a market capitalization of $43.50 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.50 and a quick ratio of 1.75.
KLA (NASDAQ:KLAC – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $5.46 by $0.35. KLA had a net margin of 36.06% and a return on equity of 95.80%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company earned $4.43 earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year.
Hedge Funds Weigh In On KLA
A number of institutional investors have recently bought and sold shares of KLAC. Pacifica Partners Inc. purchased a new position in KLA in the 2nd quarter worth about $27,000. Capital Asset Advisory Services LLC acquired a new stake in KLA during the 2nd quarter worth about $30,000. Wellington Shields & Co. LLC acquired a new stake in KLA during the 2nd quarter worth about $32,000. Win Advisors Inc. boosted its position in KLA by 61.4% during the 2nd quarter. Win Advisors Inc. now owns 113 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 43 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in KLA during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Insider Buying and Selling
In related news, CAO Virendra A. Kirloskar sold 325 shares of KLA stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $390.85, for a total transaction of $127,026.25. Following the transaction, the chief accounting officer now directly owns 5,291 shares of the company’s stock, valued at $2,067,987.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Virendra A. Kirloskar sold 325 shares of KLA stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $390.85, for a total value of $127,026.25. Following the transaction, the chief accounting officer now owns 5,291 shares of the company’s stock, valued at approximately $2,067,987.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Beth Wilkinson sold 3,155 shares of KLA stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total value of $1,010,672.70. Following the completion of the transaction, the executive vice president now directly owns 12,228 shares in the company, valued at approximately $3,917,117.52. The disclosure for this sale can be found here. Insiders have sold a total of 17,763 shares of company stock valued at $6,432,305 over the last three months. Company insiders own 0.15% of the company’s stock.
KLA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a dividend of $1.30 per share. This is a positive change from KLA’s previous quarterly dividend of $1.05. This represents a $5.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, August 12th. KLA’s payout ratio is presently 23.74%.
About KLA
(Get Rating)
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 four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
Recommended Stories
- Get a free copy of the StockNews.com research report on KLA (KLAC)
- Be Sure You Own United Parcel Service for the Right Reasons
- Strong Fundamentals Make Bristol Myers Squibb Stock a Real Value
- Sell-Siders See Value in Highly Valued Chipotle Stock
- 3 Roughed-Up Dividend Aristocrats with Good Long-Term Prospects
- Will Livestream Auctions be the Gamechanger for eBay?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider KLA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and KLA wasn’t on the list.
While KLA currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
The three stocks discussed have small market capitalizations. In a market pullback, small stocks get hit first but are also the ones that do best in a new rally
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
