KLA (KLAC) Set to Announce Earnings on Thursday

KLA (NASDAQ:KLAC) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $5.08 per share for the quarter. KLA has set its Q3 guidance at $4.66-5.86 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company’s revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $7.38 earnings per share. On average, analysts expect KLA to post $23 EPS for the current fiscal year and $27 EPS for the next fiscal year.

KLA Price Performance

NASDAQ KLAC opened at $633.64 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $85.69 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.13 and a beta of 1.34. The company has a 50 day moving average price of $683.91 and a two-hundred day moving average price of $595.92. KLA has a 12-month low of $355.88 and a 12-month high of $729.15.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is presently 29.46%.

Insider Buying and Selling at KLA

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on KLAC shares. Susquehanna reiterated a “neutral” rating and issued a $675.00 target price on shares of KLA in a research note on Monday, April 1st. Bank of America boosted their price objective on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Berenberg Bank boosted their price objective on shares of KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Barclays boosted their price objective on shares of KLA from $500.00 to $550.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Finally, Cantor Fitzgerald boosted their price objective on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.42.

KLA Company Profile

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 three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.