KLA (NASDAQ:KLAC) Releases Q4 2022 Earnings Guidance

KLA (NASDAQ:KLACGet Rating) updated its fourth quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.93-$6.03 for the period, compared to the consensus estimate of $5.50. The company issued revenue guidance of $2.30 billion-$2.55 billion, compared to the consensus revenue estimate of $2.43 billion.

Several brokerages have recently commented on KLAC. StockNews.com downgraded KLA from a buy rating to a hold rating in a research note on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft cut their price target on KLA from $475.00 to $425.00 and set a buy rating for the company in a research note on Wednesday, April 13th. Piper Sandler cut their price target on KLA from $385.00 to $352.00 and set a neutral rating for the company in a research note on Thursday, May 26th. Stifel Nicolaus lifted their price target on KLA from $450.00 to $505.00 in a research note on Thursday, April 7th. Finally, The Goldman Sachs Group upgraded KLA from a neutral rating to a buy rating and set a $430.00 price target for the company in a research note on Sunday, March 27th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $437.00.

Shares of KLAC stock opened at $324.44 on Thursday. The company’s fifty day simple moving average is $335.47 and its two-hundred day simple moving average is $364.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.63. KLA has a 1 year low of $287.44 and a 1 year high of $457.12. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.81 and a beta of 1.27.

KLA (NASDAQ:KLACGet Rating) last issued its earnings results on Thursday, April 28th. The semiconductor company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.80 by $0.33. KLA had a net margin of 36.41% and a return on equity of 78.72%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities research analysts anticipate that KLA will post 20.9 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th were given a dividend of $1.05 per share. The ex-dividend date was Friday, May 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.29%. KLA’s dividend payout ratio (DPR) is currently 20.39%.

KLA declared that its board has approved a share repurchase plan on Thursday, June 16th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 12.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, CFO Bren D. Higgins sold 1,020 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $337.02, for a total transaction of $343,760.40. Following the completion of the transaction, the chief financial officer now directly owns 64,257 shares in the company, valued at approximately $21,655,894.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in KLAC. Blair William & Co. IL grew its position in KLA by 1.9% in the first quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock worth $8,261,000 after acquiring an additional 413 shares in the last quarter. Sei Investments Co. lifted its stake in KLA by 34.9% in the first quarter. Sei Investments Co. now owns 80,289 shares of the semiconductor company’s stock worth $29,382,000 after purchasing an additional 20,773 shares during the last quarter. Prudential PLC lifted its stake in KLA by 183.1% in the first quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock worth $1,601,000 after purchasing an additional 2,829 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in KLA by 32.9% in the first quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 229 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in KLA by 4.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 50,684 shares of the semiconductor company’s stock worth $18,553,000 after purchasing an additional 2,151 shares during the last quarter. Institutional investors own 87.13% of the company’s stock.

About KLA (Get Rating)

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

Recommended Stories

Earnings History and Estimates for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.