KLA (NASDAQ:KLAC) Price Target Raised to $780.00 at UBS Group

KLA (NASDAQ:KLACFree Report) had its target price boosted by UBS Group from $665.00 to $780.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the company. Susquehanna reduced their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays reduced their price target on KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their price target on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $807.35.

Check Out Our Latest Report on KLA

KLA Price Performance

KLAC opened at $767.24 on Tuesday. The stock has a market cap of $102.63 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.63 and a beta of 1.27. KLA has a 1 year low of $581.70 and a 1 year high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a fifty day moving average price of $656.82 and a 200 day moving average price of $723.78.

KLA (NASDAQ:KLACGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the firm earned $5.74 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts forecast that KLA will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.89%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is presently 31.05%.

Institutional Investors Weigh In On KLA

A number of institutional investors have recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in KLA during the third quarter valued at approximately $29,000. Groupama Asset Managment boosted its holdings in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of KLA in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA in the 3rd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA in the 3rd quarter worth approximately $56,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Company Profile

(Get Free Report)

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.

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