KLA (NASDAQ:KLAC) PT Raised to $630.00

KLA (NASDAQ:KLAC) had its price target raised by Barclays from $550.00 to $630.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the semiconductor company’s stock. Barclays‘s price objective would suggest a potential downside of 10.80% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. UBS Group upped their price target on shares of KLA from $605.00 to $760.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective on the stock. Citigroup increased their price objective on shares of KLA from $700.00 to $725.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. 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. Finally, Wells Fargo & Company increased their price objective on shares of KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $720.42.

KLA Trading Up 4.9 %

Shares of KLA stock opened at $706.26 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. KLA has a 12-month low of $369.00 and a 12-month high of $729.15. The firm has a market capitalization of $95.51 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.52 and a beta of 1.34. The firm’s 50 day simple moving average is $685.41 and its two-hundred day simple moving average is $600.67.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 103.31%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $5.49 EPS. KLA’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts predict that KLA will post 22.61 EPS for the current year.

Insider Buying and Selling at KLA

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the 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 transaction, the executive vice president now directly 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 accessible through the SEC website. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the 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 transaction, the executive vice president now directly 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 accessible through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the 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 transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On KLA

Hedge funds and other institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC purchased a new position in shares of KLA in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of KLA in the fourth quarter worth about $26,000. DSM Capital Partners LLC purchased a new position in shares of KLA in the fourth quarter worth about $28,000. Addison Advisors LLC purchased a new position in shares of KLA in the fourth quarter worth about $29,000. Finally, Operose Advisors LLC purchased a new position in shares of KLA in the third quarter worth about $26,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

About KLA

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.