On August 12, KLA Corporation rose 3.74% in regular trading, trading at $208.165/share, with turnover of $102 million.

On the news front, Bernstein raised its price target on KLA Corporation from $225 to $250, maintaining an Outperform rating. This marks the latest in a series of upward revisions from multiple institutions. JPMorgan, Argus, and Berenberg had previously issued target prices ranging from $225 to $238, while the FactSet consensus mean target stands at $239.62.

On the fundamental side, the company reported record Q4 fiscal year revenue of $3.66 billion, representing 15% year-over-year growth, with adjusted EPS of $1.05 beating the $1.00 consensus estimate by 5%. Product revenue grew 15% to $2.84 billion and services revenue rose 17% to $817 million. The company also declared its first post-stock-split quarterly dividend of $0.23 per share, payable September 1. The broader semiconductor equipment sector rallied in tandem, with Applied Materials up 4.86%, Lam Research up 4.89%, and Teradyne up 5.44%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)