KLA (NASDAQ:KLAC) PT Raised to $760.00

KLA (NASDAQ:KLAC) had its target price boosted by stock analysts at Stifel Nicolaus from $685.00 to $760.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 15.33% from the stock’s current price.

KLAC has been the subject of several other reports. The Goldman Sachs Group lifted their target price on KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Barclays lifted their target price on KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. New Street Research initiated coverage on KLA in a research note on Monday, December 18th. They issued a “buy” rating and a $730.00 target price for the company. Cantor Fitzgerald raised their price target on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Raymond James raised their price target on KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.42.

KLA Trading Down 5.0 %

KLAC stock opened at $658.98 on Tuesday. The business has a fifty day moving average price of $684.11 and a 200 day moving average price of $591.25. KLA has a fifty-two week low of $355.88 and a fifty-two week high of $729.15. The stock has a market capitalization of $89.11 billion, a price-to-earnings ratio of 33.47, 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 released its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating the consensus estimate of $5.91 by $0.25. The company had revenue of $2.49 billion during 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%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the firm earned $7.38 EPS. Analysts expect that KLA will post 22.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other KLA news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction dated Monday, March 25th. The shares were 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 directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

Several hedge funds and other institutional investors have recently modified their holdings of KLAC. Fortitude Family Office LLC acquired a new stake in shares of KLA in the fourth quarter valued at about $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of KLA in the fourth quarter valued at about $25,000. OFI Invest Asset Management acquired a new stake in shares of KLA in the third quarter valued at about $26,000. Operose Advisors LLC acquired a new stake in shares of KLA in the third quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of KLA in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

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.