KLA Corporation’s stock fell 14% over the past month even as it raised guidance for advanced-packaging revenue growth.
KLA Corporation (NASDAQ:KLAC) declined 14.2% over the past month, trading at $183.99 despite raising its advanced-packaging revenue guidance by over 70%. The company maintains a 6x lead in process-control market share over its nearest rival, a segment growing faster than the broader semiconductor equipment market.
Fiscal Q4 revenue reached $3.66 billion, up 15.21% year-over-year, with no analyst sell ratings among the 29 covering the stock. The pullback stems from concerns over U.S. export controls on China and a rotation out of semiconductor capital equipment names, not fundamental weakness.
KLA’s stock remains 40% below its 52-week high, though it has outperformed the S&P 500 with a 52% year-to-date gain. CEO Rick Wallace sold 87,568 shares at $199, adding to investor caution.