Do Wall Street Analysts Like KLA Corporation Stock?

With a market cap of $104.5 billion, KLA Corporation (KLAC) engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. Headquartered in Milpitas, California, the company operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.

Shares of KLAC have underperformed the broader market over the past 52 weeks. KLAC stock has increased 1.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 9.8%. However, shares of KLAC are up 23.6% on a YTD basis, outpacing $SPX's marginal decline.