B of A Securities Reaffirms Buy Rating on KLA Corporation
B of A Securities maintained its buy rating on KLA Corporation with a target price of $317, a 22.49% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on KLA Corporation (KLAC) with a target price of $317 as of June 23, 2026.
- B of A Securities's $317 price target implies 22.49% upside from KLA Corporation's ($KLAC) current $258.80 share price.
- Shares of KLA Corporation traded at $269.16 on Tuesday, with a market cap of $351.6 billion and a P/E ratio of 76.2.
- Insiders at KLA Corporation, including the CEO, have made several planned sales, while major funds like BlackRock adjusted their positions.
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B of A Securities has reiterated its buy rating on KLA Corporation (NasdaqGS: KLAC), maintaining a target price of $317. This update came on June 23, 2026, from analyst Vivek Arya. Shares of KLA Corporation traded at $269.16 on Tuesday.
B of A Securities vs. the S&P 500
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KLA Corporation Stock Up 47.4%
Shares of KLA Corporation traded near $269.16 on Tuesday. The company boasts a market cap of approximately $351.6 billion and has a P/E ratio of 76.2. Its forward P/E stands at 53.2, with a beta of 1.504. Over the past year, the stock has ranged from a low of $83.22 to a high of $269.90. KLA's 50-day moving average is $193.73, while the 200-day moving average is $144.41. The company has a current ratio of 3.03 and a quick ratio of 1.96, with a debt-to-equity ratio of 105.4.
$KLAC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings, KLA Corporation reported revenue of $13.1 billion, reflecting a growth rate of 11.5%. The company's net margin was 35.7%, and it achieved a return on equity of 94.9%. Earnings per share (EPS) stood at $3.53. Investors are looking ahead to the next earnings report, expected on July 30, 2026.
Dividend
KLA Corporation offers an annual dividend rate of $0.92, yielding 0.35%. The dividend payout ratio is 21.5%.
Insider Buying and Selling at KLA Corporation
Recent insider activities at KLA Corporation include planned sales by President and CEO Richard Wallace, who sold 4,512 shares at an average price of $2,213.37 on June 11, 2026. Earlier, on May 12, 2026, Wallace sold another 4,512 shares at $1,794.00. Other insiders, such as SVP & Chief Accounting Officer Virendra Kirloskar, sold 297 shares at $1,879.02 on May 11, 2026.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities maintained its buy rating on KLA Corporation with a $317 price target. Other analysts have also shown confidence in the stock. Wells Fargo reaffirmed a buy rating with a $305 target on June 22, 2026, and Cantor Fitzgerald maintained a buy rating with a $250 target on June 15, 2026. Overall, the consensus among 28 analysts is a buy recommendation, with an average target price of $200.57.
About KLA Corporation
KLA Corporation, headquartered in Milpitas, California, designs and manufactures process control and yield management solutions for the semiconductor industry. Operating through segments like Semiconductor Process Control and Specialty Semiconductor Process, the company provides tools for defect identification, metrology systems, and semiconductor software solutions. KLA, led by CEO Richard P. Wallace, employs around 15,000 people and continues to innovate in process control technologies.
Bottom Line
B of A Securities' reaffirmation of its buy rating and target price of $317 highlights confidence in KLA Corporation's prospects. Investors track such analyst ratings closely, though it's important to remember that these are backward-looking assessments. KLA's market position and financial health remain robust, making it a key player in the semiconductor equipment industry.
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