KLA (NASDAQ:KLAC) Price Target Raised to $825.00 at Stifel Nicolaus

KLA (NASDAQ:KLAC - Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from $800.00 to $825.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective would suggest a potential upside of 8.72% from the stock's current price.

A number of other equities research analysts have also recently commented on KLAC. StockNews.com cut KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. The Goldman Sachs Group reduced their target price on KLA from $850.00 to $759.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Needham & Company LLC lifted their target price on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a report on Friday. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $823.79.

KLA Stock Performance

NASDAQ KLAC traded up $16.38 on Friday, hitting $758.81. 613,389 shares of the company traded hands, compared to its average volume of 1,255,671. The company has a market capitalization of $101.50 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The business's 50 day moving average price is $673.99 and its 200-day moving average price is $718.67. KLA has a 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results 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 105.16% and a net margin of 28.92%. Equities analysts expect that KLA will post 30.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Algert Global LLC bought a new position in KLA in the second quarter worth approximately $239,000. Cetera Investment Advisers grew its stake in KLA by 5.0% in the second quarter. Cetera Investment Advisers now owns 27,178 shares of the semiconductor company's stock worth $22,409,000 after purchasing an additional 1,300 shares in the last quarter. Czech National Bank grew its stake in KLA by 6.7% in the third quarter. Czech National Bank now owns 27,383 shares of the semiconductor company's stock worth $21,206,000 after purchasing an additional 1,726 shares in the last quarter. HBW Advisory Services LLC grew its stake in KLA by 42.5% in the third quarter. HBW Advisory Services LLC now owns 781 shares of the semiconductor company's stock worth $605,000 after purchasing an additional 233 shares in the last quarter. Finally, Quent Capital LLC grew its stake in KLA by 294.3% in the third quarter. Quent Capital LLC now owns 138 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

KLA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.