On July 21, KLA Corporation rose 3.18% overnight, trading at $214.01/share, with turnover of $2.018 million.
On the news front, KLA is scheduled to report fiscal Q4 earnings on July 28, with consensus estimates projecting revenue of approximately $35.98 billion, representing 16.72% year-over-year growth, and adjusted EPS of approximately $0.997, up 16.44% year-over-year. Institutions broadly maintain bullish outlooks, with Morgan Stanley raising its target price to $274 and UBS setting its target at $240. The broader semiconductor equipment sector rallied in tandem, with Lam Research up 3.54%, Teradyne up 3.37%, and Applied Materials up 3.32%. Industry tailwinds remain supportive as Jefferies recently raised global wafer fab equipment market size projections for the next several years, citing AI and HBM-driven advanced logic and memory capital expenditure strength.
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