FY2025 Earnings Forecast for KLA Issued By Cantor Fitzgerald

KLA Co. (NASDAQ:KLAC) – Analysts at Cantor Fitzgerald lifted their FY2025 earnings estimates for shares of KLA in a note issued to investors on Friday, January 31st. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor company will post earnings per share of $31.62 for the year, up from their previous forecast of $30.08. Cantor Fitzgerald currently has a “Neutral” rating and a $875.00 target price on the stock. The consensus estimate for KLA’s current full-year earnings is $30.80 per share.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%.

A number of other brokerages have also recently issued reports on KLAC. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, TD Cowen lowered their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Performance

KLAC opened at $749.32 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The business’s 50-day simple moving average is $677.87 and its 200 day simple moving average is $716.00. The firm has a market capitalization of $100.23 billion, a PE ratio of 31.51, a PEG ratio of 1.57 and a beta of 1.28. KLA has a 52-week low of $595.86 and a 52-week high of $896.32.

Hedge Funds Weigh In On KLA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after purchasing an additional 145,317 shares during the period. Mizuho Securities USA LLC increased its holdings in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its holdings in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after buying an additional 93,743 shares during the period. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of KLA by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after acquiring an additional 64,238 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 28.60%.

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.