KLA Corporation $KLAC overview Current price: $369 Target | 🚀 Robin Rocket

KLA Corporation $KLAC overview

Current price: $369
Target price: $380-390

KLA Corporation is an American company providing process control systems, revenue management and solutions to the semiconductor and other nanoelectronic industries.

KLA's comprehensive services also include the installation and maintenance of all products, the sale of spare parts, and staff training.

KLAC operates in the semiconductor equipment market, which is expected to grow at a CAGR of 8% between 2021 and 2026.

Revenue of KLA Corp. demonstrated a steady growth of 35.5% on average per year. The company dominates the market of metrological / instrumentation equipment, its capacity for 2021 is fully loaded.

KLA outperformed the main competitors in terms of key financial indicators and net profit.

KLAC has a long-term goal - to return >70% of free cash flow to shareholders through dividends / buybacks.

Not an investment recommendation.