Added to YB: 2024-05-02
Pitch date: 2024-05-01
KLAC [neutral]
KLA Corporation
+79.41%
current return
Author Info
No bio for this author
Company Info
KLA Corporation, together with its subsidiaries, designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.
Market Cap
$159.6B
Pitch Price
$665.49
Price Target
812.00 (-32%)
Dividend
0.63%
EV/EBITDA
28.35
P/E
38.15
EV/Sales
12.85
Sector
Semiconductors and Semiconductor Equipment
Category
dividend
KLA Corporation – One for on your watchlist, but don't pull the trigger yet (Earnings Review)
KLAC: Hold rating from $599 in Jan. Q3 rev $2.36B (-3% YoY), EPS $5.26 ($0.40 one-off hit). Services 25% of rev, +12% YoY. FCF $838M, 32% margin. Dividend 14 yr growth. Outlook: Q4 rev guide $2.5B (+6% YoY), EPS $6.07; 56% inspection/metrology share; package biz $400M run rate. Raised FY25/26 ests on WFE recovery. 24x FY26 PE = $812 PT, 7.5% return. Buy under $655.
Read full article (6 min)