KLA (KLAC) Set to Announce Quarterly Earnings on Wednesday

KLA (NASDAQ:KLAC) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect KLA to post earnings of $7.03 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

KLA Price Performance

Shares of KLA stock opened at $673.07 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. KLA has a 52 week low of $452.01 and a 52 week high of $896.32. The stock’s 50-day simple moving average is $757.70 and its 200-day simple moving average is $763.68. The company has a market capitalization of $90.62 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.69 and a beta of 1.27.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.86%. KLA’s dividend payout ratio is presently 30.38%.

Analyst Upgrades and Downgrades

KLAC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI increased their price target on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Susquehanna cut their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their price target on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Transactions at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by company insiders.

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.