KLA (KLAC)

• Market cap: $82.2B
• 1 day: -4.73%
• 5 days: -10.17%
• 1 month: -13.18%
• 3 months: -26.52%
• 6 months: -19.12%
• Year to date: 9.65%
• 1 year: 12.66%
• 5 years: 245.47%
• 10 years: 677.60%
• Sector: Industrials
• Industry: Optical Instruments & Lenses

About: KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.

Employees: 15,230

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% more repeat investments, than reductions

Existing positions increased: 564 | Existing positions reduced: 557

1% less funds holding

Funds holding: 1,503 [Q2] → 1,481 (-22) [Q3]

1.56% less ownership

Funds ownership: 88.36% [Q2] → 86.8% (-1.56%) [Q3]

11% less capital invested

Capital invested by funds: $98.1B [Q2] → $87B (-$11.1B) [Q3]

14% less first-time investments, than exits

New positions opened: 140 | Existing positions closed: 162

27% less call options, than puts

Call options by funds: $714M | Put options by funds: $978M

32% less funds holding in top 10

Funds holding in top 10: 62 [Q2] → 42 (-20) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $675 10% upside
• Avg. target: $808 31% upside
• High target: $925 51% upside

11 analyst ratings

• positive: 5 45%
• neutral: 6 55%
• negative: 0 0%

TD Cowen Krish Sankar 38% 1-year accuracy 10 / 26 met price target	18% upside $725	Hold Maintained	31 Oct 2024
Barclays Tom O'Malley 55% 1-year accuracy 24 / 44 met price target	22% upside $750	Equal-Weight Maintained	31 Oct 2024
Oppenheimer Edward Yang 17% 1-year accuracy 1 / 6 met price target	38% upside $850	Outperform Upgraded	31 Oct 2024
Deutsche Bank Sidney Ho 50% 1-year accuracy 2 / 4 met price target	22% upside $750	Buy Maintained	31 Oct 2024
Susquehanna Mehdi Hosseini 50% 1-year accuracy 21 / 42 met price target	10% upside $675	Neutral Maintained	11 Oct 2024