Analysts Set KLA Co. (NASDAQ:KLAC) PT at $740.15

KLA Co. (NASDAQ:KLACGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $740.15.

Several research firms have recently issued reports on KLAC. Cantor Fitzgerald upped their price objective on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research note on Friday, April 26th. UBS Group boosted their price objective on shares of KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Citigroup raised their target price on KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on KLA in a research report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price target on the stock.

View Our Latest Research Report on KLA

Insider Activity

In other KLA 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 transaction, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares in the company, valued at approximately $22,825,670. The sale 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 the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock worth $24,016,781 in the last three months. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On KLA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cedar Wealth Management LLC raised its stake in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the last quarter. Fortitude Family Office LLC bought a new position in KLA during the 4th quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new position in KLA during the 4th quarter worth $26,000. DSM Capital Partners LLC bought a new stake in shares of KLA in the 4th quarter worth $28,000. Finally, Addison Advisors LLC purchased a new stake in shares of KLA in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 0.6 %

Shares of KLA stock opened at $824.84 on Wednesday. The firm has a market capitalization of $111.06 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 3.95 and a beta of 1.28. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The firm’s 50 day moving average is $728.78 and its 200 day moving average is $662.12. KLA has a 1 year low of $440.15 and a 1 year high of $832.99.

KLA (NASDAQ:KLACGet Free Report) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the firm posted $5.49 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Equities research analysts forecast that KLA will post 23.3 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.70%. KLA’s dividend payout ratio (DPR) is presently 30.38%.

About KLA

(Get Free Report

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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Analyst Recommendations for KLA (NASDAQ:KLAC)

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