KLA (KLAC) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KLA in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KLAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KLAC, but not buy additional shares or sell existing shares.
View KLAC analyst ratings or view top-rated stocks.

15 analysts have issued 1-year price objectives for KLA's shares. Their KLAC share price forecasts range from $325.00 to $575.00. On average, they predict the company's share price to reach $455.50 in the next year. This suggests that the stock has a possible downside of 4.9%.
View analysts price targets for KLAC or view top-rated stocks among Wall Street analysts.

KLA's stock was trading at $377.03 at the beginning of the year. Since then, KLAC stock has increased by 27.0% and is now trading at $478.98.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our KLAC earnings forecast.

KLA Co. (NASDAQ:KLAC) released its quarterly earnings results on Thursday, July, 27th. The semiconductor company reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $4.82 by $0.58. The semiconductor company earned $2.36 billion during the quarter, compared to analysts' expectations of $2.26 billion. KLA had a trailing twelve-month return on equity of 138.06% and a net margin of 32.27%. The company's revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $5.81 EPS.
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KLA announced a quarterly dividend on Thursday, August 3rd. Investors of record on Tuesday, August 15th will be paid a dividend of $1.30 per share on Friday, September 1st. This represents a $5.20 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for KLAC.

ETFs with the largest weight of KLA (NASDAQ:KLAC) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Strive U.S. Semiconductor ETF (SHOC), Logan Capital Broad Innovative Growth ETF (LCLG), First Trust Nasdaq Semiconductor ETF (FTXL), WBI BullBear Value 3000 ETF (WBIF), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ) and Columbia Seligman Semiconductor and Technology ETF (SEMI).

KLA (NASDAQ:KLAC) pays an annual dividend of $5.20 per share and currently has a dividend yield of 1.09%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLAC will have a dividend payout ratio of 20.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLAC.

KLA declared that its board has authorized a share repurchase plan on Thursday, June 16th 2022, which permits the company to buyback $6,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

KLA updated its first quarter 2024 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $4.75-$5.95 for the period, compared to the consensus EPS estimate of $4.74. The company issued revenue guidance of $2.23 billion-$2.48 billion, compared to the consensus revenue estimate of $2.23 billion.

429 employees have rated KLA Chief Executive Officer Rick Wallace on Glassdoor.com. Rick Wallace has an approval rating of 97% among the company's employees. This puts Rick Wallace in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other KLA investors own include NVIDIA (NVDA), Intel (INTC), Lam Research (LRCX), QUALCOMM (QCOM), Applied Materials (AMAT), Micron Technology (MU), Advanced Micro Devices (AMD), Salesforce (CRM), Alibaba Group (BABA) and Adobe (ADBE).

KLA trades on the NASDAQ under the ticker symbol "KLAC."

KLA's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (178.18%), BlackRock Inc. (8.00%), Capital International Investors (3.94%), Geode Capital Management LLC (2.13%), Northern Trust Corp (1.13%) and Bank of New York Mellon Corp (1.04%). Insiders that own company stock include Ahmad A Khan, Bren D Higgins, Brian Lorig, Gary B Moore, Mary Beth Wilkinson, Oreste Donzella, Richard P Wallace, Virendra A Kirloskar and Virendra A Kirloskar.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KLAC stock can currently be purchased for approximately $478.98.

KLA (NASDAQ:KLAC) has a market capitalization of $65.49 billion and generates $10.50 billion in revenue each year. The semiconductor company earns $3.39 billion in net income (profit) each year or $24.09 on an earnings per share basis.

The company employs 14,280 workers across the globe.

KLA's mailing address is ONE TECHNOLOGY DRIVE, MILPITAS CA, 95035. The official website for the company is www.kla.com. The semiconductor company can be reached via phone at (408) 875-3000, via email at ir@kla-tencor.com, or via fax at 408-875-4144.