FY2025 Earnings Forecast for KLA Issued By Cantor Fitzgerald

KLA Co. (NASDAQ:KLAC) – Research analysts at Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for shares of KLA in a report released on Thursday, May 1st. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor company will post earnings of $32.47 per share for the year, up from their previous estimate of $31.62. Cantor Fitzgerald has a “Neutral” rating and a $800.00 price objective on the stock. The consensus estimate for KLA’s current full-year earnings is $31.59 per share.

Several other equities analysts also recently weighed in on KLAC. JPMorgan Chase & Co. dropped their price objective on KLA from $950.00 to $900.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus raised their price target on KLA from $750.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Citigroup dropped their target price on shares of KLA from $910.00 to $800.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Oppenheimer upped their price target on shares of KLA from $700.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $802.74.

KLA Trading Up 3.2 %

Shares of KLA stock opened at $698.16 on Friday. The company has a 50-day moving average of $679.41 and a two-hundred day moving average of $683.40. The stock has a market cap of $92.78 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA has a 12-month low of $551.33 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, April 30th. The semiconductor company reported $8.41 EPS for the quarter, beating analysts’ consensus estimates of $8.08 by $0.33. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. KLA had a return on equity of 108.60% and a net margin of 29.58%. KLA’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.26 earnings per share.

KLA announced that its board has initiated a stock repurchase program on Wednesday, April 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.97%. KLA’s payout ratio is currently 28.60%.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares of the company’s stock, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

Several institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its position in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC purchased a new stake in shares of KLA during the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA during the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management purchased a new position in KLA in the first quarter valued at approximately $35,000. Finally, Olde Wealth Management LLC acquired a new position in KLA during the first quarter valued at approximately $36,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Company Profile

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.