KLA (NASDAQ:KLAC - Get Free Report) had its target price reduced by stock analysts at Oppenheimer from $850.00 to $700.00 in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Oppenheimer's target price indicates a potential upside of 9.84% from the stock's current price.
KLAC has been the topic of a number of other research reports. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Susquehanna upped their price objective on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA currently has a consensus rating of "Moderate Buy" and an average target price of $814.11.
Get Our Latest Stock Report on KLAC
KLA Price Performance
KLAC stock traded down $38.92 on Friday, hitting $637.29. 839,176 shares of the company's stock traded hands, compared to its average volume of 1,052,620. The stock has a market cap of $84.69 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.57 and a beta of 1.37. KLA has a 1-year low of $551.33 and a 1-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 stock has a fifty day moving average of $702.07 and a 200-day moving average of $693.06.
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 return on equity of 108.60% and a net margin of 29.58%. On average, analysts forecast that KLA will post 31.59 EPS for the current fiscal year.
Insider Activity
In related news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.12% of the company's stock.
Institutional Investors Weigh In On KLA
Several hedge funds and other institutional investors have recently made changes to their positions in KLAC. Hutchens & Kramer Investment Management Group LLC boosted its stake in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. boosted its position in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock valued at $160,000 after acquiring an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after acquiring an additional 15 shares during the last quarter. Catalyst Financial Partners LLC increased its position in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after acquiring an additional 15 shares during the period. Finally, Anchor Investment Management LLC boosted its holdings in KLA by 12.0% in the 4th quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 15 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.
About KLA
(
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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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