KLA (KLAC)

• Market cap: $101B
• 1 day: 1.37%
• 5 days: 12.35%
• 1 month: 15.67%
• 3 months: 13.01%
• 6 months: -3.11%
• Year to date: 18.98%
• 1 year: 34.66%
• 5 years: 323.81%
• 10 years: 999.22%
• 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)

30% more first-time investments, than exits

New positions opened: 144 | Existing positions closed: 111

1% more repeat investments, than reductions

Existing positions increased: 577 | Existing positions reduced: 569

1% more funds holding

Funds holding: 1,507 [Q2] → 1,516 (+9) [Q3]

1.62% less ownership

Funds ownership: 88.91% [Q2] → 87.29% (-1.62%) [Q3]

11% less capital invested

Capital invested by funds: $98.7B [Q2] → $87.6B (-$11.1B) [Q3]

27% less call options, than puts

Call options by funds: $715M | Put options by funds: $978M

29% less funds holding in top 10

Funds holding in top 10: 62 [Q2] → 44 (-18) [Q3]

Research analyst outlook

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

• Low target: $700 8% downside
• Avg. target: $755 0% upside
• High target: $850 12% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Barclays Tom O'Malley 40% 1-year accuracy 18 / 45 met price target	8% downside $700	Equal-Weight Maintained	17 Jan 2025
Wells Fargo Joseph Quatrochi 57% 1-year accuracy 13 / 23 met price target	5% upside $795	Overweight Maintained	13 Jan 2025
Goldman Sachs Toshiya Hari 62% 1-year accuracy 69 / 112 met price target	0% upside $759	Buy Maintained	10 Jan 2025
Morgan Stanley Joseph Moore 67% 1-year accuracy 38 / 57 met price target	7% downside $703	Equal-Weight Maintained	5 Dec 2024
TD Cowen Krish Sankar 38% 1-year accuracy 10 / 26 met price target	4% downside $725	Hold Maintained	31 Oct 2024