KLA

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 16.26% Berenberg $670 → $690 Maintains Buy 01/23/2024 5.31% Cantor Fitzgerald → $625 Initiates Coverage On → Neutral 01/19/2024 5.31% Raymond James $550 → $625 Maintains Outperform 01/16/2024 5.31% Stifel $535 → $625 Maintains Buy 01/16/2024 -15.75% Barclays $425 → $500 Maintains Underweight 12/18/2023 23% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -7.33% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -15.75% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -19.12% UBS $475 → $480 Maintains Neutral 09/15/2023 1.1% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -9.01% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -5.64% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -9.86% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -9.86% Stifel $450 → $535 Maintains Buy 07/28/2023 -3.12% […]

KLA Guides For Q3 EPS of $4.66-$5.86 on Revenue of $2.3 Billion, +/-$125 Million, Vs CIQ Analyst Consensus of $5.86/Share on Revenue of $2.5 Billion.

KLA’s profit fell in the fiscal second quarter as the company continued to grapple with weaker demand. The Milpitas, Calif.-based company, which makes equipment for the semiconductor industry, posted a profit of $582.5 million, or $4.28 a share, in the quarter ended Dec. 31, compared with $978.8 million, or $6.89 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $5.66. Stripping out certain one-time items, adjusted per-share earnings came to $6.16, ahead of the $5.91 forecast by analysts, according to FactSet. Revenue fell to $2.49 billion from $2.98 billion a year earlier, beating the $2.46 billion expected by analysts polled by FactSet. “While market conditions remain challenging in the near-term, with limited visibility regarding the timing of a resumption in sustainable demand, we believe our business has stabilized around current revenue levels,” said Chief Executive Rick Wallace. The company is forecasting fiscal third quarter revenue of

KLA (KLAC) reported fiscal Q2 non-GAAP diluted earnings late Thursday of $6.16 a share, down from $7.38 a year earlier. Analysts polled by Capital IQ expected $5.88 normalized. Revenue in the quarter ended Dec. 31 fell to $2.49 billion from $2.98 billion a year earlier. Analysts surveyed by Capital IQ expected $2.46 billion. The company said it expects fiscal Q3 non-GAAP diluted earnings of $5.26 a share, plus or minus $0.60. Analysts surveyed by Capital IQ expect $5.86 normalized. The company expects revenue in Q3 of $2.3 billion, plus or minus $125 million. Analysts polled by Capital IQ expect $2.46 billion. Shares of the company fell 5.1% in after-hours activity.

The following is a summary of the KLA Corporation (KLAC) Q2 2024 Earnings Call Transcript: Financial Performance: KLA’s revenue in 2023 stood at approximately $9.7 billion, a drop of 8% from the previous year. Non-GAAP operating margins reached 39% with a Gross margin of 62%. Q4 2023 ended with revenue of $2.49 billion, 4% higher than the company projected. Non-GAAP net income for Q4 2023 was $839 million, with GAAP EPS at $4.28 and non-GAAP EPS at $6.16. KLA’s Q2 2024 revenue was $2.49 billion, slightly higher than the midpoint of the forecast. Non-GAAP diluted EPS for Q2 2024 was $6.16, while GAAP diluted EPS was $4.28. The company reported cash flow from operations of $622 million and registered a free cash flow of $545 million. Business Progress: KLA underwent growth in all three of its business segments during Q4, notably the 8900 Series platform. It’s investing in AI to

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 4.06% Raymond James $550 → $625 Maintains Outperform 01/16/2024 4.06% Stifel $535 → $625 Maintains Buy 01/16/2024 -16.75% Barclays $425 → $500 Maintains Underweight 12/18/2023 21.54% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -8.43% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -16.75% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -20.08% UBS $475 → $480 Maintains Neutral 09/15/2023 -0.1% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -10.09% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -6.76% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -10.93% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -10.93% Stifel $450 → $535 Maintains Buy 07/28/2023 -4.27% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -6.76% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -29.24% Barclays

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -11.33% Barclays $425 → $500 Maintains Underweight 12/18/2023 29.46% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -2.46% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -11.33% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -14.88% UBS $475 → $480 Maintains Neutral 09/15/2023 6.4% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -4.24% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -0.69% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -5.12% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -5.12% Stifel $450 → $535 Maintains Buy 07/28/2023 1.97% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -0.69% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -24.63% Barclays $400 → $425 Maintains Underweight 07/07/2023 — Keybanc Downgrades Overweight → Sector Weight 06/14/2023 — Needham Downgrades

Barclays analyst Tom O’Malley maintains KLA (NASDAQ:KLAC) with a Underweight and raises the price target from $425 to $500.

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 26.23% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -4.89% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -13.54% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -17% UBS $475 → $480 Maintains Neutral 09/15/2023 3.75% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -6.62% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -3.16% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -7.49% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -7.49% Stifel $450 → $535 Maintains Buy 07/28/2023 -0.57% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -3.16% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -26.51% Barclays $400 → $425 Maintains Underweight 07/07/2023 — Keybanc Downgrades Overweight → Sector Weight 06/14/2023 — Needham Downgrades Buy → Hold 06/05/2023 -13.54% Wells Fargo $455