KLA Corporation's Premium Multiple Is Deserved, Technically Strong Into Earnings [Seeking Alpha]
KLA Corporation (KLAC)
Last kla corporation earnings: 2/4 04:05 pm
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US:NASDAQ Investor Relations:
ir.kla-tencor.com/investor-relations
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Source: Seeking Alpha
I have a buy rating on KLAC as I see the stock with a low-enough valuation and positive technical indicators ahead of its earnings report on April 26. With healthy margins and EPS growth ahead, I highlight key price levels to monitor on the chart. Semiconductor stocks have stalled out since notching an all-time high back on March 8. Shares of the VanEck Vectors Semiconductor ETF ( SMH ) spiked to near $240 on high volume before falling sharply during the trading day, closing near the lows of the session and under $225. It had the hallmarks of what technicians call a “blow-off top.” Then, earlier this month, SMH printed a bearish engulfing pattern (April 4). These are important clues for an industry that has grown to become a material chunk of the S&P 500. It bears watching as we head into the Q1 earnings season – the chipmakers don't report until late April and into May, however. I have a buy rating on KLA Corporation ( NASDAQ: KLAC ). I see its valuation slightly cheap today a
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KLAC
News
- KLA Co. (NASDAQ: KLAC) had its price target raised by analysts at Citigroup Inc. from $725.00 to $760.00. They now have a "buy" rating on the stock.MarketBeat
- KLA Co. (NASDAQ: KLAC) had its price target raised by analysts at Morgan Stanley from $692.00 to $698.00. They now have an "equal weight" rating on the stock.MarketBeat
- KLA Co. (NASDAQ: KLAC) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $750.00 price target on the stock, up previously from $625.00.MarketBeat
- KLA's (KLAC) Q3 Earnings & Revenues Beat Estimates, Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- KLA Corporation: Leading The Charge In Semiconductor Innovation [Seeking Alpha]Seeking Alpha
KLAC
Earnings
- 4/25/24 - Beat
KLAC
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/15/24 - Form 4
- KLAC's page on the SEC website