KLA (NASDAQ:KLAC) Releases Earnings Results, Beats Estimates By $0.30 EPS

KLA (NASDAQ:KLAC) issued its quarterly earnings results on Wednesday. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30, Briefing.com reports. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 108.40% and a net margin of 28.92%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.74 EPS. KLA updated its Q2 guidance to $7.15-8.35 EPS and its Q2 2025 guidance to 7.150-8.350 EPS.

KLA Trading Up 1.3 %

KLA stock traded up $8.38 during midday trading on Friday, reaching $674.61. The stock had a trading volume of 267,977 shares, compared to its average volume of 944,363. The firm’s fifty day simple moving average is $747.12 and its two-hundred day simple moving average is $762.96. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. KLA has a twelve month low of $484.33 and a twelve month high of $896.32. The firm has a market cap of $90.38 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.75 and a beta of 1.27.

Insider Activity

In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares in the company, valued at $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 available at this link. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $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. Insiders sold 20,873 shares of company stock worth $14,532,193 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KLAC. Susquehanna decreased their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Stifel Nicolaus increased their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research report on Thursday. UBS Group dropped their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.