Deutsche Bank Aktiengesellschaft Has Lowered Expectations for KLA (NASDAQ:KLAC) Stock Price

KLA (NASDAQ:KLAC) had its price target lowered by Deutsche Bank Aktiengesellschaft from $890.00 to $750.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently commented on the stock. UBS Group lowered their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company dropped their target price on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. TD Cowen cut their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Citigroup decreased their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $802.90.

KLA Stock Performance

KLAC stock traded up $8.38 during mid-day trading on Thursday, reaching $674.61. 267,977 shares of the stock traded hands, compared to its average volume of 944,363. The business has a 50-day moving average of $747.12 and a two-hundred day moving average of $762.96. The firm has a market capitalization of $90.38 billion, a PE ratio of 30.42, a P/E/G ratio of 1.75 and a beta of 1.27. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. KLA has a 52 week low of $484.33 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 108.40% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the business earned $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. As a group, equities analysts predict that KLA will post 29.07 EPS for the current fiscal year.

Insider Buying and Selling at KLA

In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock valued at $14,532,193 in the last three months. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLAC. Swedbank AB increased its stake in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Community Financial Services Group LLC boosted its position in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares in the last quarter. Eastern Bank grew its holdings in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after purchasing an additional 23,747 shares during the period. Norden Group LLC increased its position in shares of KLA by 1,579.3% in the first quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock valued at $4,589,000 after buying an additional 6,175 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of KLA by 16.0% during the 1st quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock worth $53,756,000 after buying an additional 10,594 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

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.