Electronics stocks like KLA (KLAC), Flex (FLEX) and Daktronics (DAKT) are expected to benefit from investments in infrastructure and expanded capacity despite macroeconomic headwinds.
My initial bullish thesis on KLA Corporation aged well, with a 52% total return since September 2023. Recent quarterly earnings show strong performance, but the stock is slightly overvalued and faces substantial geopolitical risks. Moreover, long-term seasonality trends suggest that August and September are historically the weakest months for the stock.
KLA (KLAC) is well positioned to outperform the market, as it exhibits above-average growth in financials.
KLA's (KLAC) fourth-quarter fiscal 2024 results reflect robust performance from the Semiconductor Process Control segment.
The chip-testing company posted strong quarterly results.
KLA Corporation (NASDAQ:KLAC ) Q4 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Kevin Kessel - VP, IR and Market Analytics Richard Wallace - CEO Bren Higgins - CFO Conference Call Participants Vivek Arya - Bank of America Securities CJ Muse - Cantor Fitzgerald Harlan Sur - JPMorgan Atif Malik - Citi Christophe Caso - Wolfe Research Krish Sankar - TD Cowen Joseph Quattrocci - Wells Fargo Toshiya Hari - Goldman Sachs Joe Moore - Morgan Stanley Srinivas Pajjuri - Raymond James Brian Chin - Stifel Blayne Curtis - Jefferies Timothy Arcuri - UBS Operator Good afternoon. Good afternoon.
While the top- and bottom-line numbers for KLA (KLAC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
KLA (KLAC) came out with quarterly earnings of $6.60 per share, beating the Zacks Consensus Estimate of $6.08 per share. This compares to earnings of $5.40 per share a year ago.
KLA Corp forecast revenue and profit for its fiscal first quarter above expectations after posting better-than-expected results for the preceding three months on Wednesday, sending its shares up 3% in after-hours trading.
Here is how KLA (KLAC) and HP (HPQ) have performed compared to their sector so far this year.
The latest trading day saw KLA (KLAC) settling at $867.18, representing a +1.06% change from its previous close.
Citigroup analyst Atif Malik says chip-testing company KLA has moved ahead to become his top stock pick.