$KLAC

22 stories mentioning KLACUpdated 1d ago

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Update: US Equity Futures Lower Pre-Bell as Middle East Hostilities Resume, Oil Prices Rise

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Wednesday as hostilities between the US and Iran resumed after a two-day pause and oil prices jumped.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.1, and Nasdaq futures were 0.2% lower.US Central Command said in a post on X that Iran's Islamic Revolutionary Guard Corps launched missiles in an "attempted surprise attack" on US forces, which an Axios correspondent said was directed at a US base in Jordan. In a subsequent post, the command said that US and Saudi Arabian forces hit "Iran-aligned terrorists" in Iraq in response to more than 30 Iran-directed drone attacks in the last 72 hours.Microsoft (MSFT) and Meta Platforms (META) are expected to report their fiscal Q4 and Q2 earnings, respectively, after the market closes. For Microsoft, analysts polled by FactSet expect earnings of $4.24 per share on revenue of $87.62 billion. For Meta, analysts expect earnings of $7.19 per share on revenue of $60.22 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 6.4% at $89.49 per barrel and US West Texas Intermediate crude 6.2% higher at $84.15 per barrel.The Federal Open Market Committee is expected to maintain the range for its federal funds rate at the current 3.50% to 3.75% for the fifth straight meeting, with the CME's FedWatch Tool seeing a 68.5% chance of no change to the current target range and a 31.5% chance of a 25-basis point increase to 3.75% to 4.00%.The FOMC's statement following the meeting is due to be released at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET.In other world markets, Japan's Nikkei closed 1.5% lower, Hong Kong's Hang Seng ended 2% higher, and China's Shanghai Composite finished 0.4% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, energy-related stocks were on the upswing as oil prices increased. Exxon Mobil (XOM) shares rose 2.1%, Chevron (CVX) stock was 2% higher, and TotalEnergies (TTE) shares were up 2.2%. Seagate Technology (STX) stock was up 5.7% after the company reported fiscal Q4 adjusted earnings and revenue that surpassed analysts' estimates, as well as issuing a better-than-expected fiscal Q1 outlook.On the losing side, Visa (V) shares were down 2.2% despite posting a fiscal Q3 adjusted earnings and revenue beat. Procter & Gamble (PG) stock was down 3.1% after the company reported fiscal Q4 net sales that fell short of analysts' consensus. KLA (KLAC) shares fell 8.9% despite posting fiscal Q4 non-GAAP earnings and revenue that beat analysts' estimates.

Dow JonesNasdaq CompositeS&P 500$CVX$KLAC$META$MSFT$PG$STX$TTE$V$XOM

Wire2d ago

KLA Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Q1 Outlook Set

KLA (KLAC) reported fiscal Q4 non-GAAP earnings late Tuesday of $1.05 per diluted share, up from $0.94 a year earlier.Analysts polled by FactSet expected $1.00.Revenue for the quarter ended June 30 rose to $3.66 billion from $3.17 billion a year earlier.Analysts expected $3.61 billion.The company set Q1 non-GAAP EPS guidance of $1.16, plus or minus $0.10, on revenue of $4 billion, plus or minus $200 million. Analysts expect EPS of $1.14 on revenue of $3.93 billion.

$KLAC

Wire14d ago

KLA Fiscal Q4 Seen Highlighting AI Demand Strength Amid Valuation Concerns, Oppenheimer Says

KLA's (KLAC) upcoming earnings are expected to show continued strength in artificial intelligence-related semiconductor infrastructure demand, Oppenheimer said in a Q4 preview Thursday.The company is scheduled to report fiscal Q4 earnings on July 28.The analysts said they expect the results to highlight the ongoing divide in AI spending, with semiconductor infrastructure remaining supply-constrained as capacity plans expand, while legacy software and services face budget reallocation.However, semiconductor equipment guidance remains tied to hyperscaler capex plans, which have quadrupled since 2024 to more than $1 trillion by 2027 and are increasingly debt financed, leaving the group exposed to shifts in AI funding and return-on-investment debates, the analysts added.The analysts said that despite KLA shares being up 85% year to date and trading at a premium valuation, they "expect continued volatility, but see the recent ~25% pullback as a buyable dip on future upward revisions and a rising scarcity premium as AI leadership narrows."Oppenheimer raised its price target on KLA to $260 from $200 and has an outperform rating on the stock.Price: $219.54, Change: $-4.96, Percent Change: -2.21%

$KLAC

Wire14d ago

Oppenheimer Adjusts Price Target on KLA to $260 From $200, Maintains Outperform Rating

KLA (KLAC) has an average rating of overweight and mean price target of $244.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $225.64, Change: $+1.14, Percent Change: +0.51%

$KLAC

Wire15d ago

UBS Adjusts KLA Price Target to $255 From $218, Maintains Neutral Rating

KLA (KLAC) has an average rating of overweight and mean price target of $227.27, according to analysts polled by FactSet.Price: $228.34, Change: $-2.04, Percent Change: -0.88%

$KLAC

Asia Markets29d ago

Update: US Equity Indexes Fall as Technology Slides, Warsh's Inflation Focus Lifts Treasury Yields

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes fell as technology chipped away at gains in communication services, government bond yields rose after Federal Reserve Chair Kevin Warsh reiterated his focus on inflation, and crude oil declined.The Nasdaq Composite fell 0.7% to 26,040.03 on Wednesday. The S&P 500 shed 0.2% to 7,483.23, and the Dow Jones Industrial Average was little changed at 52,305.24.Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud, Bloomberg reported Wednesday, citing people familiar with the matter. Shares of Meta surged 8.8%, one of the S&P 500's and the Nasdaq's top gainers.Of the bottom 10 stocks with a market capitalization of more than $200 billion each, nine were technology firms, according to data compiled by Finviz. Within these, the majority were either semiconductors or semiconductor equipment and materials. The steepest decline in the group was KLA (KLAC), down nearly 12%.Fed Chair Warsh said price risks have fallen in recent weeks, while reiterating his determination to ease inflation to the US central bank's 2% target, Bloomberg reported. "Expectations of inflation over the first four weeks of this period have come down, [and] inflation risks have come down."Most US Treasury yields rose, with the 10-year surging 5.9 basis points to 4.48%. The two-year rate jumped 4.2 basis points to 4.18%.Iranian Deputy Foreign Minister Kazem Gharibabadi said meetings with Qatari and Pakistani officials in Doha, Qatar, ended without direct talks between delegations from Washington and Tehran, according to Al Jazeera, a Middle East news agency. Gharibabadi said a communication channel will be set up for discussing breaches of the memorandum of understanding with the US, Al Jazeera cited Iran's official news agency, IRNA.Meanwhile, commercial shipping through the Strait of Hormuz surged over the past few weeks, with American military support helping boost oil flows to more than 10 million barrels a day, a US official told Bloomberg.The front-month global benchmark North Sea Brent declined 2.4% to $71.19 per barrel, and the US West Texas Intermediate retreated 2% to $68.10 per barrel.In economic news, outplacement firm Challenger, Gray & Christmas said firms planned to cut 45,849 jobs in June, down from 97,006 in May and 47,999 a year ago.ADP's monthly measure of private payrolls showed a 98,000 increase in June, missing the 120,000 jump indicated in a Bloomberg-compiled survey.The Institute for Supply Management's US manufacturing index fell to 53.3 in June from 54.0 in May, compared with forecasts for 53.9 in a Bloomberg-compiled poll, indicating a slower pace of expansion.The S&P Global US manufacturing index for June was revised down to 53.9 from the flash 55.7, versus expectations of no revision in a Bloomberg-compiled survey.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$KLAC$META$MSFT

Japan29d ago

Update: US Equity Indexes Mixed as Technology Slides, Warsh Reinforces Fed's Focus on Inflation

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of Wednesday's close, with communication services topping sector charts while technology chipped away, and Federal Reserve Chair Kevin Warsh reiterated his focus on inflation.The Nasdaq Composite slipped 0.5% to 26,080.9, after ending Q2 with gains previously seen six years ago. The S&P 500 shed 0.1% to 7,491.7, extending gains after closing Q2 with gains that were the highest since Q2 2020. The Dow Jones Industrial Average remained 0.1% higher at 52,359.2, after hitting a new record earlier in the session. The Dow capped the strongest first half in five years on Tuesday.In company news, Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOO, GOOGL) Google Cloud, Bloomberg reported Wednesday, citing people familiar with the matter. Shares of Meta surged 8.7%, one of the S&P 500's and the Nasdaq's top gainers.Of the bottom 10 stocks with a market capitalization of more than $200 billion each, eight were technology companies, according to data compiled by Finviz. Within these tech firms, the majority were either semiconductors or semiconductor equipment and materials. The steepest decliner in the group was KLA. (KLAC), down 13%.Federal Reserve Chairman Kevin Warsh said price risks have dissipated in recent weeks, while repeating his determination to ease inflation to the US central bank's 2% target, Bloomberg reported."Expectations of inflation over the first four weeks of this period have come down, [and] inflation risks have come down," Warsh said Wednesday at the European Central Bank's annual Forum on Central Banking in Sintra, Portugal.Most US Treasury yields rose, with the 10-year jumping 5.5 basis points to 4.48%. The two-year rate climbed 3.1 basis points to 4.17%.Iranian Deputy Foreign Minister Kazem Gharibabadi said meetings with Qatari and Pakistani officials in Doha have ended and that no direct talks took place between the Iranian and American delegations, according to Al Jazeera, a Middle East news agency. Gharibabadi said a communication channel will be established to report and discuss breaches of the memorandum of understanding reached between the US and Iran, Al Jazeera cited Iran's official news agency, IRNA.The front-month global benchmark North Sea Brent declined 2.4% to $71.21 per barrel, and the US West Texas Intermediate retreated 2% to $68.12 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$KLAC$META$MSFT

Insider Trading48d ago

KLA Insider Sold Shares Worth $9,986,725, According to a Recent SEC Filing

Richard P Wallace, President and Chief Executive Officer, on June 11, 2026, sold 4,512 shares in KLA (KLAC) for $9,986,725. Following the Form 4 filing with the SEC, Wallace has control over a total of 71,383 common shares of the company, with 71,383 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/319201/000119312526268015/xslF345X05/ownership.xml

$KLAC

Wire50d ago

Cantor Fitzgerald Raises KLA Price Target to $2,500 From $2,000, Maintains Overweight Rating

KLA (KLAC) has an average rating of overweight and mean price target of $1,953.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $2279.44, Change: $+140.07, Percent Change: +6.55%

$KLAC

Wire50d ago

Barclays Raises Price Target on KLA to $2,250 From $1,700, Maintains Overweight Rating

$KLAC

US Markets79d ago

Applied Materials Poised for Slight Quarterly Beat, Strong Outlook, RBC Says

Applied Materials (AMAT) is expected to post fiscal second-quarter results slightly above Wall Street's estimates and provide an upbeat third-quarter outlook amid robust dynamic random-access memory and high-bandwidth memory spending trends, RBC Capital Markets said in a note e-mailed Tuesday.The brokerage projects the semiconductor equipment maker's second-quarter adjusted earnings at $2.64 a share on revenue of $7.65 billion, saying it expects a "slight" beat. Analysts polled by FactSet are looking for non-GAAP EPS of $2.68 and sales of $7.68 billion."DRAM spending trends remain strong on the back of extreme supply tightness and secular HBM demand," RBC analyst Srini Pajjuri said in a note to clients. "We expect the trend to continue through the year as clean room space availability improves and from new greenfield projects in 2027."RBC expects Applied Materials to issue third-quarter guidance 5% to 10% ahead of consensus estimates of $2.89 for adjusted EPS and $8.1 billion in revenue. The brokerage said this would be in line with peers Lam Research (LRCX) and Tokyo Electron and better than those of ASML (ASML) and KLA (KLAC)."(Applied Materials') management typically doesn't offer explicit (wafer fabrication equipment, or WFE) projections, but previously guided for 20% growth in its systems business in (2026), which we believe is tracking ahead," Pajjuri said.RBC raised its price target on the Applied Materials stock to $500 from $430 while reiterating its outperform rating.The company's shares were down 5.8% in Tuesday afternoon trade. The stock has jumped 63% so far this year.Transition to gate all around -- a next-generation transistor architecture for smaller chips -- has been a "key driver" from the company, while Taiwan Semiconductor Manufacturing's (TSM) adoption of back-side power is projected to be a tailwind in the second half of this year, RBC said."Looking ahead, we expect WFE to grow at a double-digit pace for the next (two to three) years driven by (generative artificial intelligence), extreme tightness in DRAM, and growing competition in advanced foundry," Pajjuri said.Applied Materials is scheduled to report its latest results Thursday.Price: $419.71, Change: $-23.91, Percent Change: -5.39%

$AMAT$ASML$KLAC$LRCX$TSM

Research91d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Kla Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $240 to $2,094, 41.5x our FY 27 (Jun.) EPS view, near peers but above KLAC's three-year average (~25x) on significant AI momentum and improved visibility. We raise our FY 26 EPS view by $0.85 to $36.96, lift FY 27's by $4.10 to $50.45, and lift FY 28's by $3.20 to $60.95. Improving customer support and visibility surprisingly allowed KLAC to comment on CY 27 growth, and its view was impressive and well above consensus for both CY 26 and CY 27 (we see +22% vs a going-in Street view of +15%). Importantly, the company also feels "very good" about its ability to procure memory supply to support builds through CY 27, by when we think new supply will help ease constraints. High memory prices also reflect AI-related demand that is driving memory makers to purchase more process control equipment, and we estimate memory customers will contribute a majority of Semi Process Control segment sales in FY 27 (vs. ~30% in FY 26), bringing supportive revenue diversification at the leading edge.

$KLAC

Wire91d ago

Morgan Stanley Adjusts Price Target on KLA to $1,900 From $1,809

KLA (KLAC) has an average rating of overweight and mean price target of $1,857.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $1737.66, Change: $-78.55, Percent Change: -4.32%

$KLAC

Wire91d ago

Oppenheimer Adjusts Price Target on KLA to $2,000 From $1,900, Maintains Outperform Rating

KLA (KLAC) has an average rating of overweight and mean price target of $1,860, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $1720.67, Change: $-95.55, Percent Change: -5.26%

$KLAC

Wire91d ago

Berenberg Raises Price Target on KLA Corp. to $2,000 From $1,770, Keeps Buy Rating

KLA Corp. (KLAC) has an average rating of overweight and mean price target of $1,857.29 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $1677.40, Change: $-138.81, Percent Change: -7.64%

$KLAC

Research92d ago

Research Alert: Klac Delivers Modest Beats But Above-street Guidance Through Cy 27

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KLAC's Mar-Q results modestly beat expectations, with revenue of $3.42B (+11% Y/Y) vs. consensus $3.38B, and non-GAAP EPS of $9.40 (+12%) vs. consensus $9.17 on gross margin of 62.2%, above KLAC's guidance midpoint of 61.75%. The Semi Process Control segment (90% of sales) accelerated to 13% Y/Y growth from 9% in Dec-Q, reflecting continued AI strength. KLAC's encouragingly generated the beat despite reducing its China exposure to 24% (-600 bps Q/Q). Management expects Jun-Q sales of ~$3.575B (near Street) and high-teens growth in CY 26 vs. 15% consensus, and surprisingly called for CY 27 growth to exceed CY 26's (again exceeding the 15% consensus view for CY 27), reflecting unprecedented visibility. KLAC expects 100 bps of margin headwinds going forward from elevated memory prices but remains confident in its ability to secure necessary supply. Logic customers are set to surge to 82% of Q4 sales vs. 62% in Q3, but we still expect Memory customers to increase their contribution in the coming quarters.

$KLAC

Wire92d ago

KLA Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Shares Fall After Hours

KLA (KLAC) reported fiscal Q3 non-GAAP earnings late Wednesday of $9.40 per diluted share, up from $8.41 a year earlier.Analysts polled by FactSet expected $9.17.Revenue in the three months ended March 31 rose to $3.42 billion from $3.06 billion a year earlier.Analysts surveyed by FactSet expected $3.37 billion.The company expects fiscal Q4 non-GAAP diluted EPS of $8.87 to $10.87 on revenue of $3.575 billion, plus or minus $200 million.Analysts expect EPS of $9.85 on revenue of $3.54 billion.KLA shares fell 8.7% in after-hours trading.

$KLAC

Wire92d ago

New Street Adjusts Price Target on KLA to $1,770 From $1,460, Maintains Neutral Rating

KLA (KLAC) has an average rating of overweight and mean price target of $1,758.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $1799.70, Change: $-9.27, Percent Change: -0.51%

$KLAC

Sectors93d ago

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks fell late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.4%.The Philadelphia Semiconductor index shed 3.3%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 1.2%, Broadcom (AVGO) dropped 4.2%, Advanced Micro Devices (AMD) shed 3.1%, Oracle (ORCL) lost 3.6%, and Intel (INTC) declined 1.4%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3%, Applied Materials dropped 5.1%, and KLA shed 4.1%.Amazon.com (AMZN) plans to make OpenAI's artificial intelligence models available to its customers after Microsoft (MSFT) relinquished its exclusive rights to resell the ChatGPT maker's products, Bloomberg reported Tuesday, citing Amazon Web Services CEO Matt Garman in a Bloomberg Television interview. Amazon shares were down 0.6%, and Microsoft rose 0.6%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 12%.

$AMAT$AMD$AMZN$AVGO$INTC$KLAC$LRCX$MSFT$NVDA$ORCL$SPOT

Sectors93d ago

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks fell Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.5%.The Philadelphia Semiconductor index shed 3.7%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 2.2%, Broadcom (AVGO) dropped 4.7%, Advanced Micro Devices (AMD) shed 2.7%, Oracle (ORCL) lost 3.8%, and Intel (INTC) declined 1.7%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3.5%, Applied Materials dropped 5.5%, and KLA shed 3.5%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 13%.

$AMAT$AMD$AVGO$INTC$KLAC$LRCX$NVDA$ORCL$SPOT

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