KLA (NASDAQ:KLAC) Issues Quarterly Earnings Results

KLA (NASDAQ:KLAC) released its quarterly earnings results on Wednesday. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30, Briefing.com reports. KLA had a net margin of 28.92% and a return on equity of 108.40%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the firm posted $5.74 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. KLA updated its Q2 guidance to $7.15-8.35 EPS and its Q2 2025 guidance to 7.150-8.350 EPS.

KLA Stock Up 1.3 %

NASDAQ KLAC traded up $8.38 during trading hours on Friday, reaching $674.61. 267,977 shares of the company’s stock were exchanged, compared to its average volume of 944,363. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. KLA has a one year low of $484.33 and a one year high of $896.32. The company’s 50-day moving average is $747.12 and its two-hundred day moving average is $762.96. The company has a market capitalization of $90.38 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KLAC shares. JPMorgan Chase & Co. upped their target price on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Argus boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $802.90.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the sale, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is owned by corporate insiders.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.