KLA Corporation (KLAC) shares' performance has remained fairly volatile, alternating between gaining and falling, often underperforming the market. Boston Partners and Jacobs Levy Equity Management Inc. have reduced their position in the company. The company's shares surged due to a strong Q1 performance and exceeded Q1 expectations, with optimistic guidance for next quarter's sales. However, later on, KLAC’s shares plunged despite these strong earnings and have experienced a decline in short interest. The company's Q2 and Q3 FY2024 earnings and revenues beat estimates, aligning with EPS projections. Despite this, there has been speculation regarding KLAC outpacing the broader computer and technology sectors. The corporation, primarily controlled by institutional shareholders owning 88% of the company, issued a quarterly dividend of $1.45 per share. Analysts have given KLAC a moderate buy rating, upgraded to a buy at StockNews.com. The company's Q4 2024 earnings call transcript and full year results were reported. Projections indicate KLAC’s fiscal Q1 revenue will surpass estimates, supported by a robust quarter. The company is recognised for leading semiconductor innovation, with future growth fuelled by AI. It's highlighted that those who invested in KLAC five years ago saw a 649% increase on their investment.
Kla Corporation KLAC News Analytics from Mon, 08 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 15:26:39 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -3
