Share price$161.75
1D-0.3%
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KLA Corporation KLAC
TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALSOptions history
Table
| Date | IV |
|---|---|
| 79.31% | |
| 79.91% | |
| 78.13% | |
| 74.51% | |
| 68.37% | |
| 66.14% | |
| 65.65% | |
| 68.40% | |
| 70.29% | |
| 56.34% | |
| 61.86% | |
| 62.57% | |
| 60.34% | |
| 60.78% | |
| 56.01% | |
| 60.75% | |
| 58.06% | |
| 55.82% | |
| 52.44% | |
| 49.86% | |
| 52.58% | |
| 52.40% | |
| 50.41% | |
| 48.96% | |
| 54.81% | |
| 62.43% | |
| 59.42% | |
| 59.14% | |
| 51.21% | |
| 54.94% | |
| 55.35% | |
| 55.13% | |
| 52.92% | |
| 50.57% | |
| 55.83% | |
| 55.39% | |
| 56.48% | |
| 58.16% | |
| 53.83% | |
| 59.94% | |
| 60.77% | |
| 58.35% | |
| 56.93% | |
| 54.94% | |
| 57.52% | |
| 56.29% | |
| 59.20% | |
| 65.35% | |
| 60.40% | |
| 66.46% | |
| 67.57% | |
| 72.08% | |
| 66.32% | |
| 65.74% | |
| 65.43% | |
| 70.38% | |
| 69.76% | |
| 76.81% | |
| 70.88% | |
| 75.75% | |
| 78.72% | |
| 80.89% | |
| 66.20% |
Company coverage
Moat
WideDominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need to rebuild factorie…
Physical assets
ModerateManufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.
Software / hardware
Software35%
Hardware65%
Growth. 50-60% process control monopoly deepens as EUV and advanced packaging nodes demand exponentially more inspection, with 95%+ free cash flow conversion funding R&D reinvestment. Primary assets. Process control equipment IP (50-60% global share…
- manual · sw-hw
Growth. 50-60% process control monopoly deepens as EUV and advanced packaging nodes demand exponentially more inspection, with 95%+ free cash flow conversion funding R&D reinvestment. Primary assets. Process control equipment IP…
- manual · physical-assets
Manufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.
- manual · moat
Dominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need…
| Action | Type | Relative size |
|---|---|---|
| SELL | Equity | +100% |
| SELL | Equity | +1% |
| SELL | Equity | +29% |
| SELL | Equity | +100% |
| SELL | Equity | +7% |
| SELL | Equity | +8% |
| SELL | Equity | +30% |
| BUY | Equity | +25% |
| SELL | Equity | +45% |
| BUY | Equity | +32% |
| BUY | Equity | +5% |
| BUY | Equity | +1% |
| BUY | Equity | +5% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +0% |
| BUY | Equity | +3% |
Notes
Full portfolio moat / asset analysis
Dominates semiconductor process-control equipment with 50-60% global market share and 60%+ gross margins. KLA's tools are deeply integrated into chip fabrication — switching costs are prohibitive (customers would essentially need to rebuild factories). 11% of revenue spent on R&D. 30%+ ROIC and 95%+ free cash flow conversion indicate extreme pricing power.…
Full portfolio moat / asset analysis
Manufacturing and R&D facilities (Michigan HQ, Newport Wales complex, Chennai innovation hub). The real moat is IP, customer lock-in, and engineering talent — not the physical plants.