Company profile

Ticker
KLAC
Exchange
CEO
Richard P. Wallace
Employees
Incorporated in
Location
Fiscal year end
Former names
Kla Instruments Corp, Kla Tencor Corp
SEC CIK
IRS number
42564110

KLAC stock data

(
)

Calendar

6 May 20
15 Jul 20
30 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.42B 1.51B 1.41B 1.26B
Net income 78.01M 380.31M 346.4M 217.33M
Diluted EPS
Net profit margin 5.48% 25.19% 24.51% 17.27%
Net change in cash 32M -91M 23.7M 33.1M
Cash on hand 444.5M 412.5M 503.5M 479.8M
Cost of revenue 590.16M 633.62M 604.24M 592.79M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 4.57B 4.04B 3.48B 2.98B
Net income 1.18B 802.27M 926.08M 704.42M
Net profit margin 25.72% 19.87% 26.61% 23.60%
Net change in cash 6M 166.4M -22.7M 147M
Cash on hand 479.8M 473.8M 307.4M 330.1M
Cost of revenue 1.87B 1.45B 1.29B 1.16B

Financial data from KLA earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Jul 20 Lorig Brian Common Stock Sell Dispose S Yes 194.56 136 26.46K 566
30 Jun 20 Lorig Brian Common Stock Other Aquire J No 155.185 136 21.11K 702
5 Jun 20 Little Teri A. RSU Sale back to company Dispose D No 0 24,758 0 0
20 May 20 Khan Ahmad A. Common Stock Sell Dispose S Yes 175.5 2,530 444.02K 823
11 May 20 Wallace Richard P Common Stock Sell Dispose S Yes 169.541 10,278 1.74M 76,770
11 May 20 Wallace Richard P Common Stock Sell Dispose S Yes 168.985 19,691 3.33M 87,048
11 May 20 Wallace Richard P Common Stock Sell Dispose S Yes 167.951 7,297 1.23M 106,739
1 May 20 Kennedy Kevin Common Stock Sell Dispose S Yes 158.01 200 31.6K 7,116
1 May 20 Kennedy Kevin Common Stock Sell Dispose S Yes 148.66 500 74.33K 11,616
1 May 20 Kennedy Kevin Common Stock Sell Dispose S Yes 154.87 100 15.49K 7,816
88.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 682 749 -8.9%
Opened positions 67 124 -46.0%
Closed positions 134 73 +83.6%
Increased positions 225 247 -8.9%
Reduced positions 285 272 +4.8%
13F shares
Current Prev Q Change
Total value 213.38B 261.69B -18.5%
Total shares 137.52M 138.06M -0.4%
Total puts 796.1K 1.09M -26.8%
Total calls 647.3K 1.01M -36.0%
Total put/call ratio 1.2 1.1 +14.4%
Largest owners
Shares Value Change
Vanguard 18.96M $2.73B +2.7%
BLK BlackRock 11.91M $1.71B -5.4%
Primecap Management 10.34M $1.49B +0.5%
Wellington Management 8.68M $1.25B +5.1%
Capital International Investors 8.16M $1.17B +408.5%
STT State Street 6.79M $975.92M -0.9%
JHG Janus Henderson 3.84M $551.41M +7.8%
FIL 3.12M $448.85M +26.9%
FMR 2.71M $389.77M -3.0%
Pictet Asset Management 2.59M $373M +1.3%
Largest transactions
Shares Bought/sold Change
Capital International Investors 8.16M +6.56M +408.5%
N Price T Rowe Associates 963.97K -3.22M -77.0%
Norges Bank 0 -1.68M EXIT
Arrowstreet Capital, Limited Partnership 89.98K -1.34M -93.7%
Alliancebernstein 1.5M +810.25K +117.7%
JPM JPMorgan Chase & Co. 742.11K -805.64K -52.1%
Parnassus Investments 738.15K +738.15K NEW
BLK BlackRock 11.91M -678.4K -5.4%
FIL 3.12M +661.87K +26.9%
Manufacturers Life Insurance Company, The 804.49K +649.18K +418.0%

Financial report summary

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Risks
  • The current COVID-19 pandemic and the potential aftereffects from it could materially harm our business, financial condition and results of operations.
  • Ongoing changes in the technology industry, as well as the semiconductor industry in particular, could expose our business to significant risks.
  • We are exposed to risks associated with a highly concentrated customer base.
  • We operate in industries that have historically been cyclical, including the semiconductor industry. The purchasing decisions of our customers are highly dependent on the economies of both the local markets in which they are located and the condition of the industry worldwide. If we fail to respond to industry cycles, our business could be seriously harmed.
  • If we do not develop and introduce new products and technologies in a timely manner in response to changing market conditions or customer requirements, our business could be seriously harmed.
  • Our success is dependent in part on our technology and other proprietary rights. If we are unable to maintain our lead or protect our proprietary technology, we may lose valuable assets.
  • Our future performance depends, in part, upon our ability to continue to compete successfully worldwide.
  • Our business would be harmed if we do not receive parts sufficient in number and performance to meet our production requirements and product specifications in a timely and cost-effective manner.
  • If we fail to operate our business in accordance with our business plan, our operating results, business and stock price may be significantly and adversely impacted.
  • We have a leveraged capital structure.
  • Our leveraged capital structure may adversely affect our financial condition, results of operations and net income per share.
  • There can be no assurance that we will continue to declare cash dividends at all or in any particular amounts.
  • We are exposed to risks related to our commercial terms and conditions, including our indemnification of third parties, as well as the performance of our products.
  • There are risks associated with our receipt of government funding for research and development.
  • We have recorded significant restructuring, inventory write-off and asset impairment charges and may do so again in the future, which could have a material negative impact on our results of operations.
  • We are exposed to risks related to our financial arrangements with respect to receivables factoring and banking arrangements.
  • We are subject to the risks of additional government actions in the event we were to breach the terms of any settlement arrangement into which we have entered.
  • A majority of our annual revenues are derived from outside the United States, and we maintain significant operations outside the United States. We are exposed to numerous risks as a result of the international nature of our business and operations.
  • We are exposed to risks associated with a weakening in the condition of the financial markets and the global economy.
  • We might be involved in claims or disputes related to intellectual property or other confidential information that may be costly to resolve, prevent us from selling or using the challenged technology and seriously harm our operating results and financial condition.
  • We are exposed to various risks related to the legal, regulatory and tax environments in which we perform our operations and conduct our business.
  • We depend on key personnel to manage our business effectively, and if we are unable to attract, retain and motivate our key employees, our sales and product development could be harmed.
  • We outsource a number of services to third-party service providers, which decreases our control over the performance of these functions. Disruptions or delays at our third-party service providers could adversely impact our operations.
  • We are exposed to risks related to cybersecurity threats and cyber incidents.
  • We rely upon certain critical information systems for our daily business operations. Our inability to use or access our information systems at critical points in time could unfavorably impact our business operations.
  • Acquisitions are an important element of our strategy but, because of the uncertainties involved, we may not find suitable acquisition candidates and we may not be able to successfully integrate and manage acquired businesses. We are also exposed to risks in connection with strategic alliances into which we may enter.
  • Disruption of our manufacturing facilities or other operations, or in the operations of our customers, due to earthquake, flood, other natural catastrophic events, health epidemics or terrorism could result in cancellation of orders, delays in deliveries or other business activities, or loss of customers and could seriously harm our business.
  • We are predominantly uninsured for losses and interruptions caused by terrorist acts and acts of war. If international political instability continues or increases, our business and results of operations could be harmed.
  • We self-insure certain risks including earthquake risk. If one or more of the uninsured events occurs, we could suffer major financial loss.
  • We are exposed to foreign currency exchange rate fluctuations. Although we hedge certain currency risks, we may still be adversely affected by changes in foreign currency exchange rates or declining economic conditions in these countries.
  • We are exposed to fluctuations in interest rates and the market values of our portfolio investments; impairment of our investments could harm our earnings. In addition, we and our stockholders are exposed to risks related to the volatility of the market for our common stock.
  • We are exposed to risks in connection with tax and regulatory compliance audits in various jurisdictions.
  • A change in our effective tax rate can have a significant adverse impact on our business.
  • Compliance with federal securities laws, rules and regulations, as well as NASDAQ requirements, has become increasingly complex, and the significant attention and expense we must devote to those areas may have an adverse impact on our business.
  • A change in accounting standards or practices or a change in existing taxation rules or practices (or changes in interpretations of such standards, practices or rules) can have a significant effect on our reported results and may even affect reporting of transactions completed before the change is effective.
Management Discussion
  • Our business is affected by the concentration of our customer base and our customers’ capital equipment procurement schedules as a result of their investment plans. Our product revenues in any particular period are significantly impacted by the amount of new orders that we receive during that period and, depending upon the duration of manufacturing and installation cycles, in the preceding period.
  • Product revenues increased during the three months ended March 31, 2020 compared to the three months ended March 31, 2019, primarily due to a strong demand from our customers in the wafer inspection business and an increase of $25.8 million in product revenue from our Orbotech business which was acquired in February of 2019.
  • Product revenues increased during the nine months ended March 31, 2020 compared to the nine months ended March 31, 2019, primarily due to a strong demand from our customers in the wafer inspection and patterning businesses, and an increase of $354.7 million in product revenue from our Orbotech business which was acquired in February of 2019, partially offset by lower products shipments to customers in the memory business.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: fundamental, incurrence, participating, Poor, relate, replacement, selected, settled, subsequently, thousand, venture