Why These 15 Semiconductor Stocks Are Skyrocketing So Far In 2025

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3. KLA Corp (NASDAQ:KLAC)

Number of Hedge Fund Holders In Q3 2024: 61

KLA Corp (NASDAQ:KLAC) is a semiconductor manufacturing equipment and process control company.

The stock has returned stellar gains so far in 2025 after strong Q2 FY2025 earnings and AI-driven demand. KLAC surged after the company reported $3.08 billion in revenue, up 23.7% year-over-year, and adjusted EPS came in at $8.2, up 11.9% year-over-year.

As a result, Wells Fargo raised KLAC’s price target to $870 and cited the company’s leadership in process control and exposure to AI-driven wafer fab equipment spending. It holds a 50% market share in the $12 billion process control market.

In addition, KLA now expects 2025 revenue growth of ~20%, up from prior estimates, as foundry/logic and DRAM markets rebound. DRAM wafer fab equipment spending is projected to rise in 2025 due to AI memory.

The consensus price target of $831.68 implies 9.56% upside.

KLAC stock is up 20.11% year-to-date.

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