$2.33 Billion in Sales Expected for KLA Co. (NASDAQ:KLAC) This Quarter

Equities research analysts forecast that KLA Co. (NASDAQ:KLAC) will post sales of $2.33 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for KLA’s earnings. The lowest sales estimate is $2.32 billion and the highest is $2.33 billion. KLA posted sales of $1.65 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 41.2%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, January 27th.

On average, analysts expect that KLA will report full-year sales of $9.17 billion for the current year, with estimates ranging from $9.14 billion to $9.20 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.56 billion, with estimates ranging from $9.25 billion to $9.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for KLA.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.04 billion. KLA had a net margin of 36.52% and a return on equity of 75.15%. KLA’s revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.03 earnings per share.

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of KLA from $355.00 to $365.00 and gave the company a “neutral” rating in a report on Thursday, October 28th. Credit Suisse Group boosted their target price on shares of KLA from $380.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, October 28th. Stifel Nicolaus boosted their target price on shares of KLA from $403.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Cowen boosted their price objective on shares of KLA from $355.00 to $375.00 and gave the company a “market perform” rating in a research report on Thursday, October 28th. Finally, Susquehanna Bancshares boosted their price objective on shares of KLA from $475.00 to $490.00 and gave the company a “positive” rating in a research report on Thursday, October 28th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $437.35.

In related news, CFO Bren D. Higgins sold 3,883 shares of the company’s stock in a transaction on Thursday, November 18th. The shares were 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 is available through this link. 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 transaction of $373,992.15. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Graypoint LLC raised its stake in shares of KLA by 1.4% in the 3rd quarter. Graypoint LLC now owns 1,862 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 25 shares in the last quarter. CX Institutional raised its stake in shares of KLA by 7.5% in the 3rd quarter. CX Institutional now owns 385 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 27 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in shares of KLA by 4.6% in the 4th quarter. Trust Co. of Toledo NA OH now owns 642 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 28 shares in the last quarter. IFP Advisors Inc raised its stake in shares of KLA by 3.0% in the 4th quarter. IFP Advisors Inc now owns 1,040 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 30 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of KLA by 3.8% in the 3rd quarter. International Assets Investment Management LLC now owns 856 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 31 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:KLAC traded up $23.52 during midday trading on Friday, hitting $445.00. 1,421,952 shares of the company’s stock traded hands, compared to its average volume of 1,289,165. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.76 and a current ratio of 2.44. The company has a market cap of $67.47 billion, a PE ratio of 25.20, a P/E/G ratio of 1.14 and a beta of 1.21. The firm’s fifty day moving average price is $415.39 and its two-hundred day moving average price is $363.61. KLA has a twelve month low of $273.24 and a twelve month high of $457.12.

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 $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 12th. KLA’s dividend payout ratio is 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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Earnings History and Estimates for KLA (NASDAQ:KLAC)

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