With a forward P/E of 50.84, KLA Corporation (NASDAQ:KLAC) is among the 10 Most Overvalued Quantum Computing Stocks According to Short Sellers.
On June 9, UBS raised its price target on KLA Corporation (NASDAQ:KLAC) to $2,180 from $1,770 while maintaining a Neutral rating on the shares
The substantial increase in the target price reflects improving confidence in the semiconductor equipment sector and KLA’s ability to capitalize on growing industry investment. KLA remains strategically positioned to benefit from rising demand for advanced semiconductor manufacturing technologies driven by artificial intelligence, high-performance computing, and next-generation electronics. On May 7, KLA Corporation announced that its board of directors approved a ten-for-one forward stock split of the company’s outstanding common shares, a move intended to enhance share accessibility while reinforcing its long-term innovation and growth strategy.
Shareholders of record as of June 4, 2026, will receive nine additional shares for each share owned, with split-adjusted trading scheduled to begin on June 12, 2026. While the stock split will not alter the company’s market capitalization or shareholder ownership percentages, it reflects management’s confidence in the business and may broaden investor participation by making shares more accessible to a wider range of market participants. Founded in 1975 and headquartered in Milpitas, California, KLA Corporation (NASDAQ:KLAC) designs and manufactures process control and yield management systems essential for the semiconductor and electronics industries.