On August 4, KLA Corporation rose 4.09% in regular trading, trading at $190.05/share, with turnover of $178 million. The semiconductor equipment sector staged a collective rebound, recovering from the prior session's sharp sell-off triggered by a circuit breaker event in Korea's KOSPI index.
The previous trading day, Korea's KOSPI index plunged over 5%, triggering its circuit breaker mechanism, while Samsung Electronics and SK Hynix both closed down more than 8%. KLA Corporation fell 3.91% in the prior session amid broad semiconductor liquidation. The current rebound is supported by strong fundamentals, including record Q4 revenue of $3.66 billion (up 15% year-over-year), adjusted EPS of $1.05 beating consensus by 5%, and next-quarter guidance midpoint of $4 billion exceeding expectations. Multiple institutions recently raised price targets, with Argus lifting to $225 and JPMorgan to $238, reinforcing upside conviction after the technical oversold condition.
Within the Semiconductor Equipment sector, Lam Research rose 5.09%, Applied Materials gained 4.28%, ASML rose 3.39%, and Teradyne advanced 6.44%, while AXT Inc declined 8.96%.
(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.)
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