KLA (NASDAQ:KLAC) Price Target Raised to $1,970.00

KLA (NASDAQ:KLAC) had its target price raised by Citic Securities from $1,350.00 to $1,970.00 in a report published on Wednesday morning,MarketScreener reports.

Several other research analysts have also issued reports on KLAC. The Goldman Sachs Group increased their target price on shares of KLA from $1,505.00 to $1,550.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1,750.00 price objective on shares of KLA in a report on Thursday, April 30th. UBS Group increased their price objective on shares of KLA from $1,575.00 to $1,835.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald raised their target price on KLA from $1,850.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of KLA in a research report on Friday, March 13th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $1,821.26.

KLA Stock Up 6.0%

Shares of NASDAQ:KLAC opened at $1,869.19 on Wednesday. The company has a market capitalization of $244.17 billion, a price-to-earnings ratio of 52.91, a P/E/G ratio of 2.61 and a beta of 1.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.03 and a quick ratio of 2.11. The business’s 50-day moving average is $1,602.80 and its 200-day moving average is $1,410.68. KLA has a 1 year low of $696.73 and a 1 year high of $1,939.36.

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

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $9.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.17 by $0.23. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.37 billion. KLA had a return on equity of 91.89% and a net margin of 35.66%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $8.41 EPS. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. Equities research analysts predict that KLA will post 37.06 earnings per share for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a dividend of $2.30 per share. This is an increase from KLA’s previous quarterly dividend of $1.90. This represents a $9.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th. KLA’s dividend payout ratio is 21.51%.

KLA declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 12th that allows the company to buyback $7.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On KLA

Several large investors have recently added to or reduced their stakes in KLAC. Close Asset Management Ltd bought a new stake in KLA during the 3rd quarter worth approximately $133,209,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of KLA in the fourth quarter worth approximately $119,618,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of KLA by 69.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 87,547 shares of the semiconductor company’s stock valued at $94,422,000 after purchasing an additional 35,770 shares in the last quarter. Pinebridge Investments LLC purchased a new position in shares of KLA during the fourth quarter valued at approximately $32,812,000. Finally, SG Americas Securities LLC boosted its position in shares of KLA by 418.1% during the third quarter. SG Americas Securities LLC now owns 29,227 shares of the semiconductor company’s stock valued at $31,524,000 after buying an additional 23,586 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

More KLA News

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA announced a 10-for-1 forward stock split, which should make shares more accessible to a broader base of investors and has helped boost sentiment around the stock. KLA Corporation Announces Ten-to-One Stock Split and Quarterly Cash Dividend Payment
• Positive Sentiment: The company also raised its quarterly dividend by 21.1% to $2.30 per share, signaling confidence in cash flow and capital return strength. KLA Corporation Announces Ten-to-One Stock Split and Quarterly Cash Dividend Payment
• Positive Sentiment: Management said advanced packaging revenue tied to the semiconductor process control portfolio is now expected to approach $1 billion in 2026, up from about $635 million in 2025, driven by AI infrastructure spending and rising chip complexity. Can KLA’s Advanced Packaging Strength Support $1B Revenue Target?
• Positive Sentiment: Analysts remain broadly constructive, and recent technical commentary pointed to a bullish trend after KLAC moved back above key short-term support levels. KLA (KLAC) Just Flashed Golden Cross Signal: Do You Buy?
• Neutral Sentiment: Some institutional filings showed a large reduction in one fund’s KLAC stake, but these 13F moves may reflect portfolio rebalancing rather than a direct change in business fundamentals. Fund Update: Dakota Wealth Management Just Disclosed New Holdings

KLA Company Profile

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.