KLA (NASDAQ:KLAC) Stock Crosses Above 200 Day Moving Average – What’s Next?

KLA Corporation (NASDAQ:KLACGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,514.29 and traded as high as $2,054.96. KLA shares last traded at $1,929.20, with a volume of 1,857,551 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on KLAC shares. KeyCorp reiterated a “sector weight” rating on shares of KLA in a research report on Friday, March 13th. Susquehanna increased their price target on shares of KLA from $1,600.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Citigroup raised their price objective on shares of KLA from $1,800.00 to $2,064.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of KLA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1,750.00 price objective on shares of KLA in a research report on Thursday, April 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,842.19.

Read Our Latest Report on KLAC

KLA Stock Down 9.5%

The stock has a market capitalization of $252.01 billion, a P/E ratio of 54.61, a P/E/G ratio of 2.86 and a beta of 1.50. The company’s 50-day moving average price is $1,782.32 and its 200 day moving average price is $1,514.29. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.11 and a current ratio of 3.03.

KLA shares are going to split on Friday, June 12th. The 10-1 split was announced on Thursday, May 7th. The newly minted shares will be payable to shareholders after the market closes on Thursday, June 11th.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $9.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.17 by $0.23. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.37 billion. KLA had a net margin of 35.66% and a return on equity of 91.89%. KLA’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.41 EPS. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. As a group, equities analysts expect that KLA Corporation will post 37.06 earnings per share for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $2.30 dividend. The ex-dividend date was Monday, May 18th. This represents a $9.20 dividend on an annualized basis and a yield of 0.5%. This is an increase from KLA’s previous quarterly dividend of $1.90. KLA’s payout ratio is presently 26.04%.

KLA announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 12th that authorizes the company to repurchase $7.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at KLA

In other KLA news, CEO Richard P. Wallace sold 4,512 shares of KLA stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,794.00, for a total value of $8,094,528.00. Following the sale, the chief executive officer directly owned 75,895 shares in the company, valued at approximately $136,155,630. The trade was a 5.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 91.48% of the company’s stock.

Hedge Funds Weigh In On KLA

Institutional investors and hedge funds have recently made changes to their positions in the business. Basepoint Wealth LLC purchased a new position in shares of KLA in the 4th quarter worth $32,000. Triumph Capital Management purchased a new position in shares of KLA in the 3rd quarter worth $40,000. Hilton Head Capital Partners LLC purchased a new position in shares of KLA in the 4th quarter worth $41,000. Aventura Private Wealth LLC purchased a new position in shares of KLA in the 4th quarter worth $55,000. Finally, Nemes Rush Group LLC grew its stake in shares of KLA by 17.1% in the 4th quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock worth $58,000 after buying an additional 7 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

About KLA

(Get Free Report)

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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