KLA (NASDAQ:KLAC – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $7.08 per share for the quarter. KLA has set its Q2 2023 guidance at $6.30-$7.70 EPS and its Q2 guidance at $6.30-7.70 EPS.Parties interested in participating in the company’s conference call can do so using this link.
KLA (NASDAQ:KLAC – Get Rating) last released its earnings results on Wednesday, October 26th. The semiconductor company reported $7.06 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $0.84. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.59 billion. KLA had a return on equity of 120.41% and a net margin of 33.28%. On average, analysts expect KLA to post $25 EPS for the current fiscal year and $18 EPS for the next fiscal year.
KLA Stock Performance
Shares of NASDAQ KLAC traded down $2.44 during mid-day trading on Tuesday, reaching $423.14. 850,118 shares of the company’s stock were exchanged, compared to its average volume of 1,230,634. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 3.13 and a beta of 1.36. KLA has a 52 week low of $250.20 and a 52 week high of $428.56. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.43 and a quick ratio of 1.67. The firm has a 50-day moving average price of $391.62 and a two-hundred day moving average price of $356.40.
KLA Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on KLAC shares. Susquehanna lifted their target price on KLA from $350.00 to $355.00 in a research note on Thursday, October 27th. Bank of America lowered their target price on KLA from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. The Goldman Sachs Group boosted their price objective on KLA to $374.00 in a research note on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft cut KLA from a “buy” rating to a “hold” rating and boosted their price objective for the company from $370.00 to $400.00 in a research note on Monday, December 12th. Finally, Needham & Company LLC boosted their price objective on KLA from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $382.76.
Insider Buying and Selling at KLA
In other KLA news, EVP Brian Lorig sold 3,127 shares of KLA stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $400.00, for a total transaction of $1,250,800.00. Following the completion of the transaction, the executive vice president now owns 29,779 shares of the company’s stock, valued at approximately $11,911,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of KLAC. Clearstead Advisors LLC grew its holdings in shares of KLA by 13.8% during the third quarter. Clearstead Advisors LLC now owns 256 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 31 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of KLA during the first quarter worth about $209,000. Atria Wealth Solutions Inc. purchased a new stake in KLA in the first quarter worth approximately $209,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in KLA by 13.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 579 shares of the semiconductor company’s stock worth $212,000 after buying an additional 68 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in KLA in the first quarter worth approximately $228,000. Hedge funds and other institutional investors own 87.38% of the company’s stock.
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.
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