Bank of America Boosts KLA (NASDAQ:KLAC) Price Target to $317.00

Posted by Casey Walker on Jun 23rd, 2026

KLA (NASDAQ:KLAC – Get Free Report) had its price objective upped by research analysts at Bank of America from $210.00 to $317.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s target price suggests a potential upside of 17.77% from the stock’s previous close.

A number of other research analysts have also issued reports on KLAC. Argus increased their target price on KLA from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 1st. TD Cowen boosted their price target on shares of KLA from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald set a $2,500.00 price objective on shares of KLA and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Rothschild & Co Redburn increased their price objective on shares of KLA from $140.00 to $186.50 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, New Street Research increased their target price on KLA from $146.00 to $177.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.26.

Check Out Our Latest Report on KLA

KLA Price Performance

NASDAQ:KLAC opened at $269.16 on Tuesday. The stock has a market capitalization of $351.60 billion, a PE ratio of 76.18, a price-to-earnings-growth ratio of 3.91 and a beta of 1.50. KLA has a 52 week low of $83.22 and a 52 week high of $269.90. The company has a quick ratio of 2.11, a current ratio of 3.03 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average price is $197.75 and its 200-day moving average price is $161.51.

KLA (NASDAQ:KLAC – Get Free Report) last issued 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 $0.92 by $8.48. KLA had a return on equity of 91.89% and a net margin of 35.66%.The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. KLA’s revenue for the quarter was up 11.5% on a year-over-year basis. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. As a group, equities analysts expect that KLA will post 3.71 EPS for the current fiscal year.

KLA announced that its Board of Directors has initiated a share buyback program on Thursday, March 12th that permits the company to buyback $7.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 45,120 shares of KLA stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $221.34, for a total transaction of $9,986,725.44. Following the sale, the chief executive officer owned 713,830 shares of the company’s stock, valued at approximately $157,996,990.71. The trade was a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 91.48% of the company’s stock.

Institutional Investors Weigh In On KLA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC acquired a new position in shares of KLA in the 4th quarter valued at $32,000. Triumph Capital Management purchased a new stake in KLA in the 3rd quarter valued at about $40,000. Hilton Head Capital Partners LLC purchased a new stake in KLA in the 4th quarter valued at about $41,000. Aventura Private Wealth LLC acquired a new position in KLA in the fourth quarter valued at about $55,000. Finally, Nemes Rush Group LLC boosted its stake in KLA by 17.1% during the fourth quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock worth $58,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Key Stories Impacting KLA

Here are the key news stories impacting KLA this week:

Positive Sentiment: Recent commentary says KLA is positioned to benefit from AI-driven chip spending, with strong demand in process control and advanced packaging helping support its growth outlook.
Positive Sentiment: Analyst sentiment has improved, with firms including UBS and Barclays raising price targets on KLAC, reinforcing confidence in the company’s earnings potential and long-term AI exposure. KLAC Could Be One of the Quiet Winners of the AI Buildout
Positive Sentiment: Articles also point to KLA as a standout semiconductor equipment name, with record fiscal Q3 revenue and strong exposure to AI memory and chip manufacturing trends. Is KLA the Biggest Process Control Winner From AI Spending?
Neutral Sentiment: MarketWatch noted that KLAC underperformed some peers on Monday despite the broader gain, suggesting the move may be driven more by sector rotation and sentiment than by a fresh company-specific catalyst. KLA Corp. stock underperforms Monday when compared to competitors despite daily gains
Neutral Sentiment: Several articles frame KLAC as a beneficiary of the AI buildout, but one note also highlights valuation concerns, which could limit upside if expectations get too stretched. Is KLA Corporation (KLAC) One of the Best AI Memory Stocks to Buy in 2026?

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.