KLA (NASDAQ:KLAC) Issues Quarterly Earnings Results

KLA (NASDAQ:KLAC) issued its earnings results on Wednesday. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30, Briefing.com reports. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.74 earnings per share. KLA updated its Q2 guidance to $7.15-8.35 EPS and its Q2 2025 guidance to 7.150-8.350 EPS.

KLA Stock Down 3.7 %

Shares of KLAC traded down $25.93 during mid-day trading on Thursday, hitting $665.87. The company’s stock had a trading volume of 1,318,125 shares, compared to its average volume of 944,460. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company’s 50-day moving average is $749.77 and its 200-day moving average is $763.63. KLA has a 52-week low of $453.50 and a 52-week high of $896.32. The firm has a market capitalization of $89.21 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.69 and a beta of 1.27.

Insider Buying and Selling

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock valued at $14,532,193 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus lifted their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, UBS Group reduced their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $802.90.

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.