Analysts Set KLA Co. (NASDAQ:KLAC) PT at $832.17

Shares of KLA Co. (NASDAQ:KLAC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $818.28.

Several analysts have issued reports on KLAC shares. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Needham & Company LLC raised their target price on shares of KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Morgan Stanley upgraded KLA from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $748.00 to $870.00 in a report on Monday, March 31st.

Insider Activity at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the transaction, the chief financial officer now owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.

Remove Ads

Institutional Investors Weigh In On KLA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC increased its holdings in KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 36 shares in the last quarter. TCTC Holdings LLC bought a new position in KLA in the fourth quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of KLA during the fourth quarter valued at about $32,000. Finally, Fairfield Financial Advisors LTD grew its holdings in shares of KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 40 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Up 2.0 %

Shares of KLA stock traded up $13.46 on Tuesday, reaching $670.22. 1,361,682 shares of the company were exchanged, compared to its average volume of 1,052,995. KLA has a one year low of $551.33 and a one year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average of $705.57 and a 200 day moving average of $694.74. The company has a market capitalization of $89.06 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.57 and a beta of 1.37.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts' consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, equities research analysts forecast that KLA will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 1.01%. KLA's payout ratio is 28.60%.

About KLA

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.