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Brokerages predict that KLA Co. (NASDAQ:KLAC) will post sales of $2.33 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for KLA’s earnings, with the highest sales estimate coming in at $2.33 billion and the lowest estimate coming in at $2.32 billion. KLA reported sales of $1.65 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The company is expected to issue its next earnings results on Wednesday, February 2nd.
On average, analysts expect that KLA will report full-year sales of $9.18 billion for the current year, with estimates ranging from $9.14 billion to $9.20 billion. For the next financial year, analysts anticipate that the business will report sales of $9.47 billion, with estimates ranging from $9.25 billion to $9.63 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for KLA.
KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $4.64 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.12. KLA had a net margin of 36.52% and a return on equity of 75.15%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the company posted $3.03 EPS. The business’s revenue was up 35.4% on a year-over-year basis.
A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of KLA from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 28th. Credit Suisse Group lifted their price objective on shares of KLA from $380.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, October 28th. Zacks Investment Research lowered shares of KLA from a “buy” rating to a “hold” rating and set a $462.00 target price for the company. in a report on Tuesday, December 28th. Susquehanna Bancshares raised their target price on shares of KLA from $475.00 to $490.00 and gave the stock a “positive” rating in a report on Thursday, October 28th. Finally, The Goldman Sachs Group raised their target price on shares of KLA from $393.00 to $451.00 and gave the stock a “neutral” rating in a report on Friday, December 17th. Seven 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 currently has an average rating of “Buy” and a consensus price target of $424.86.
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Shares of NASDAQ:KLAC opened at $432.22 on Friday. KLA has a 52 week low of $268.36 and a 52 week high of $442.43. The stock has a market capitalization of $65.53 billion, a P/E ratio of 24.47, a PEG ratio of 1.26 and a beta of 1.21. The firm has a fifty day simple moving average of $411.95 and a two-hundred day simple moving average of $359.75. The company has a quick ratio of 1.76, a current ratio of 2.44 and a debt-to-equity ratio of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 15th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, November 12th. KLA’s dividend payout ratio (DPR) is 23.78%.
In other KLA news, insider Ahmad A. Khan sold 885 shares of the firm’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $422.59, for a total transaction of $373,992.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bren D. Higgins sold 3,883 shares of KLA stock in a transaction that occurred 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 disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Mariner LLC grew its position in shares of KLA by 1.7% in the 2nd quarter. Mariner LLC now owns 124,781 shares of the semiconductor company’s stock worth $40,455,000 after buying an additional 2,029 shares during the last quarter. Naples Global Advisors LLC grew its position in shares of KLA by 9.8% in the 3rd quarter. Naples Global Advisors LLC now owns 7,140 shares of the semiconductor company’s stock worth $2,388,000 after buying an additional 640 shares during the last quarter. United Asset Strategies Inc. grew its position in shares of KLA by 14.0% in the 3rd quarter. United Asset Strategies Inc. now owns 3,832 shares of the semiconductor company’s stock worth $1,282,000 after buying an additional 471 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of KLA in the 2nd quarter worth approximately $1,667,000. Finally, Bridgewater Associates LP purchased a new position in shares of KLA in the 2nd quarter worth approximately $13,020,000. 85.97% of the stock is currently owned by hedge funds and other institutional investors.
About KLA
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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