Shares of KLA Corporation (KLAC, Financial) experienced significant volatility with a 5.03% drop in its stock price. The stock is currently priced at $657.00, with a trading volume of approximately 935,860 shares, a turnover rate of 0.70%, and a price fluctuation of 3.41%. Recent financial reports indicate revenues of $9.794 billion and a net profit of $2.762 billion, leading to an earnings per share (EPS) of $20.41. The company's market capitalization stands at 30.09 times earnings.
Analysts have diverse opinions on KLAC, with 55% recommending a buy and 45% suggesting holding the stock, while no recommendation to sell has been recorded. The semiconductor sector, where KLAC operates, experienced an overall decline of 3.77%.
Despite the dip in stock price, KLA Corporation projects that its revenue for the second quarter of the 2025 fiscal year will surpass Wall Street expectations. This optimism is driven by the growing demand for chips that support artificial intelligence workloads. Significant investments by major chipmakers, such as TSMC and Samsung, in AI chips are expected to drive new orders for semiconductor manufacturing equipment.
In fact, TSMC alone contributes over 10% to KLA's total revenue for the 2024 fiscal year and anticipates AI chips to account for around 15% of its annual revenue.
