KLA (KLAC) Scheduled to Post Earnings on Wednesday

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

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping the consensus estimate of $6.15 by $0.45. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $5.40 EPS. On average, analysts expect KLA to post $29 EPS for the current fiscal year and $33 EPS for the next fiscal year.

KLA Stock Performance

KLA stock opened at $670.08 on Wednesday. The company has a market cap of $90.22 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA has a 12 month low of $452.01 and a 12 month high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The stock’s 50-day moving average is $766.62 and its 200-day moving average is $764.72.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.87%. KLA’s dividend payout ratio (DPR) is 30.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KLAC. Stifel Nicolaus raised their target price on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Oppenheimer began coverage on KLA in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 target price for the company. Wells Fargo & Company dropped their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group decreased their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $804.57.

Insider Buying and Selling at KLA

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 directly 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 legal filing with the SEC, which is accessible through this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,873 shares of company stock valued at $14,532,193. Company insiders own 0.12% of the company’s stock.

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.