KLA (NASDAQ:KLAC) PT Raised to $800.00 at Cantor Fitzgerald

KLA (NASDAQ:KLAC) had its price objective hoisted by analysts at Cantor Fitzgerald from $625.00 to $800.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 14.81% from the stock’s previous close.

Other analysts have also issued research reports about the stock. TD Cowen boosted their price objective on shares of KLA from $525.00 to $650.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Bank of America raised their price objective on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Susquehanna reaffirmed a “neutral” rating and set a $675.00 price objective on shares of KLA in a research report on Monday, April 1st. Finally, The Goldman Sachs Group increased their target price on KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, KLA has an average rating of “Hold” and an average target price of $664.72.

KLA Stock Up 0.9 %

KLAC stock opened at $696.83 on Monday. The company’s 50 day simple moving average is $674.58 and its 200-day simple moving average is $582.49. KLA has a 52-week low of $355.88 and a 52-week high of $729.15. The firm has a market capitalization of $94.24 billion, a P/E ratio of 35.39, a P/E/G ratio of 3.31 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. KLA’s revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business posted $7.38 EPS. As a group, equities research analysts anticipate that KLA will post 22.74 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the sale, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the transaction, the chief financial officer now owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Montecito Bank & Trust boosted its position in KLA by 61.6% in the 1st quarter. Montecito Bank & Trust now owns 1,000 shares of the semiconductor company’s stock valued at $699,000 after buying an additional 381 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of KLA by 11.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 428 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 45 shares during the period. Rise Advisors LLC acquired a new position in shares of KLA during the first quarter valued at approximately $53,000. GAMMA Investing LLC boosted its holdings in KLA by 25.8% during the first quarter. GAMMA Investing LLC now owns 922 shares of the semiconductor company’s stock worth $644,000 after buying an additional 189 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in KLA during the first quarter worth approximately $3,455,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Company Profile

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.