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KLA Corporation stock reached an all-time high of 942.45 USD, reflecting a robust performance over the past year. With a market capitalization of $124.4 billion and an impressive 48.84% year-to-date return, the company has demonstrated remarkable strength. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. The semiconductor equipment manufacturer has been benefiting from strong demand in the sector, achieving 20.33% revenue growth and maintaining a perfect Piotroski Score of 9, indicating excellent financial health. Investors are closely watching KLA Corporation as it continues to capitalize on growth opportunities in the technology industry. InvestingPro subscribers can access 14 additional valuable insights about KLA’s future prospects through the comprehensive Pro Research Report.
In other recent news, KLA Corporation reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $8.41 against a forecast of $8.07. The company’s revenue also exceeded projections, reaching $3.06 billion compared to the anticipated $3.01 billion. Despite these strong results, KLA’s stock experienced a decline of 1.81% in aftermarket trading. The company announced a new $5 billion share repurchase authorization, reflecting confidence in its ongoing performance. Meanwhile, Stifel raised its price target for KLA shares to $770, maintaining a Sell rating, while Cantor Fitzgerald reaffirmed a Neutral rating with an $800 target. JPMorgan analysts maintained an Overweight rating with a $900 price target, citing the strength in wafer front end equipment sales. KLA’s recent 10Q filing revealed improvements in gross margins and a significant increase in implied bookings for the quarter. Additionally, KLA Corporation continues to navigate the impact of global tariffs, forecasting a 100 basis point impact on gross margins per quarter.
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