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KLA Co. (NASDAQ:KLAC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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Shares of KLA Co. (NASDAQ:KLAC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $830.67.

Several research firms have weighed in on KLAC. Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Morgan Stanley raised their price objective on KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target 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.

Check Out Our Latest Stock Report on KLAC

KLA Stock Up 0.7 %

KLA stock traded up $5.29 during mid-day trading on Friday, reaching $718.29. 975,891 shares of the company were exchanged, compared to its average volume of 950,053. The business has a fifty day moving average of $726.81 and a 200 day moving average of $705.71. KLA has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a market cap of $95.45 billion, a P/E ratio of 30.21, a PEG ratio of 1.57 and a beta of 1.30.

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KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts anticipate that KLA will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA's dividend payout ratio (DPR) is currently 28.60%.

Hedge Funds Weigh In On KLA

Several institutional investors have recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC lifted its holdings in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after acquiring an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock valued at $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of KLA by 2.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock valued at $476,000 after buying an additional 15 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its position in shares of KLA by 12.0% in the 4th quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company's stock worth $88,000 after buying an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

About KLA

(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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Analyst Recommendations for KLA (NASDAQ:KLAC)

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