Cantor Fitzgerald reaffirmed their neutral rating on shares of KLA (NASDAQ:KLAC – Free Report) in a report issued on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $625.00 price objective on the semiconductor company’s stock.
KLAC has been the subject of several other research reports. Raymond James boosted their target price on shares of KLA from $550.00 to $625.00 and gave the company an outperform rating in a research note on Friday, January 19th. The Goldman Sachs Group increased their price objective on shares of KLA from $560.00 to $640.00 and gave the stock a buy rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their target price on KLA from $670.00 to $705.00 and gave the company an overweight rating in a research note on Friday, January 26th. Susquehanna cut KLA from a positive rating to a neutral rating and increased their price target for the stock from $640.00 to $675.00 in a research report on Monday, January 29th. Finally, Morgan Stanley reduced their price objective on KLA from $529.00 to $500.00 and set an equal weight rating for the company in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA currently has an average rating of Hold and an average price target of $607.50.
KLA Trading Down 0.3 %
KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. KLA’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.38 earnings per share. As a group, research analysts expect that KLA will post 22.88 EPS for the current fiscal year.
KLA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 19th will be given a $1.45 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.89%. KLA’s dividend payout ratio (DPR) is 29.46%.
Hedge Funds Weigh In On KLA
Hedge funds have recently modified their holdings of the company. GM Advisory Group LLC grew its holdings in KLA by 3.1% during the fourth quarter. GM Advisory Group LLC now owns 3,789 shares of the semiconductor company’s stock worth $2,203,000 after acquiring an additional 115 shares during the period. Alpha DNA Investment Management LLC acquired a new position in shares of KLA in the 4th quarter worth approximately $1,401,000. Adero Partners LLC bought a new stake in shares of KLA in the 4th quarter worth approximately $226,000. Scotia Capital Inc. lifted its stake in KLA by 59.2% during the fourth quarter. Scotia Capital Inc. now owns 22,627 shares of the semiconductor company’s stock valued at $13,153,000 after purchasing an additional 8,417 shares during the last quarter. Finally, Gold Investment Management Ltd. bought a new stake in KLA during the fourth quarter worth approximately $317,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.
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