In recent news,
KLA Corporation (KLAC) is intent on capitalizing on the
CHIPS Act and the growth of
Artificial Intelligence. The company reported strong AI Services revenue and anticipates a Memory Market Recovery by 2025. Despite facing short-term challenges,
Cantor Fitzgerald expects KLAC to rebound by 2025. Amid semiconductor mid-cycle correction concerns, its price target got cut to $900, but long-term growth drivers remain positive. There's been a dynamic accumulation of KLAC's stocks like the $17.01 Million Position by
Livforsakringsbolaget Skandia Omsesidigt and
Dynamic Advisor Solutions LLC growing their holdings in KLAC. Amid the volatility, KLAC managed to surge following a strong Q1 performance. There were some insider activities with the president,
Ahmad Khan, selling 9,676 shares. Despite the technology sector's performance, KLAC has been often outpacing it, backed by growth recovery and robust earnings. KLAC, being a key player in the semiconductor innovation, has met Q1 expectations and given an optimistic sales guidance for the next quarter.
Oppenheimer started its coverage of KLAC with a perform rating. Other institutional shareholders are holding 88% of the company. Looking forward, KLAC is set to report Q3 earnings amid expectancy of an increase driven by AI.
Kla Corporation KLAC News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sat, 12 Oct 2024 19:05:14 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -4
