KLA Corporation (KLAC) has been experiencing mixed trends in the market as seen in various events. Despite a few setbacks, the corporation's shares, at times, have outperformed the market. Mitsubishi UFJ Trust & Banking Corp holds a hefty $89.13 million stake in KLA, while Institutional investors represent KLAC's largest bettors, notably celebrating a significant US$5.4b market cap gain. KLAC's Q3 2024 earnings have surpassed revenue projections, aligning with their EPS expectations; they also beat Q2 2024 earnings estimates. Additionally, KLAC was upgraded by StockNews.com to 'Buy' and given new price targets at various firms including Cantor Fitzgerald and Citigroup. However, KLAC has also seen some downward gaps and been caught underperforming. It was recently plagued by some weak guidance that led to a significant slump, and its shares were sold by BNP PARIBAS ASSET MANAGEMENT. The major highlight is an expected cyclical upswing driven by AI, which places KLA in the lead of semiconductor innovation.
Kla Corporation KLAC News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 19:03:21 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor 2
