KLA Corporation (KLAC) Surges 77% After 10-for-1 Stock Split
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowKLA Corporation (KLAC) experienced a 77% increase over three months post a 10-for-1 stock split, currently trading at $254.54, 24% above Wall Street's consensus price target of $193. However, Q3 FY2026 free cash flow fell 37% year over year, raising concerns against its high 72x trailing P/E ratio. The company reported Q3 revenue of $3.415 billion, with non-GAAP EPS at $9.40, exceeding analyst expectations. In light of these numbers, analysts maintain a Hold rating, noting a potential pullback to $180 or the recovery of free cash flow as key signals.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About KLA Corporation (KLAC)
KLA makes process-control and inspection equipment for chip manufacturing.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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