KLAC Stock Recent News

In the latest trading session, KLA (KLAC) closed at $549, marking a +0.8% move from the previous day.

KLA Corporation (NASDAQ:KLAC ) Wells Fargo 7th Annual TMT Summit Conference November 29, 2023 12:30 PM ET Company Participants Bren Higgins - CFO Brian Lorig - EVP, Global Support and Services Conference Call Participants Joe Quatrochi - Wells Fargo Joe Quatrochi Perfect. All right, let's go ahead and get started.

KLA Corporation (NASDAQ:KLAC ) UBS Global Technology Conference November 28, 2023 12:15 PM ET Company Participants Bren Higgins - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Great. We're going to get started.

KLA's strong profitability remains a strong feature of the company, generating 20%+ free cash flow margins. Its large exposure to legacy nodes may seem like a sustainability issue but has proved to provide stable revenues. The company continues to build incremental market share gains in the overall semiconductor equipment market, cementing itself as a key player in the value chain.

The yearend market rally is led by the large-cap tech stocks. Here are a pair of leaders that will likely lead the fourth quarter charge.

KLA Corporation is a leading semiconductor equipment manufacturer with a dominant market share of over 50% in the semiconductor process control market. The company's growth prospects are promising, driven by the increasing importance of its products in the evolving semiconductor landscape. While KLA demonstrates robust revenue diversification and resilience, its exposure to China introduces a level of risk due to ongoing geopolitical tensions and potential export restrictions.

Here is how KLA (KLAC) and Microsoft (MSFT) have performed compared to their sector so far this year.

KLA (KLAC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

After 18 months of rising borrowing costs, the United States economy is now grappling with tighter financial conditions. The Federal Reserve's interest rate hikes have created the most stringent financial conditions in a year, primarily due to renewed losses in asset prices.

KLA's (KLAC) first-quarter fiscal 2024 results reflect sluggish performance from the Semiconductor Process Control and PCB, Display and Component Inspection segments.