KLA (NASDAQ:KLAC) Given New $655.00 Price Target at Susquehanna

KLA (NASDAQ:KLAC) had its target price upped by Susquehanna from $620.00 to $655.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on KLAC. Barclays dropped their price objective on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley cut their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, UBS Group upped their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $806.35.

KLA Price Performance

NASDAQ KLAC opened at $771.91 on Wednesday. The firm’s 50 day moving average is $658.87 and its 200-day moving average is $723.16. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $103.25 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. KLA has a 12-month low of $581.70 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.74 EPS. Equities research analysts anticipate that KLA will post 30.37 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.88%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Orca Wealth Management LLC acquired a new position in KLA in the 4th quarter worth about $203,000. BSW Wealth Partners increased its stake in shares of KLA by 8.4% in the fourth quarter. BSW Wealth Partners now owns 387 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 30 shares during the period. Bensler LLC raised its holdings in KLA by 3.5% in the 4th quarter. Bensler LLC now owns 18,958 shares of the semiconductor company’s stock valued at $11,946,000 after buying an additional 649 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in KLA by 204.7% in the 4th quarter. Perigon Wealth Management LLC now owns 5,287 shares of the semiconductor company’s stock valued at $3,331,000 after buying an additional 3,552 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC boosted its position 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 worth $259,000 after buying an additional 13 shares during the period. 86.65% of the stock is currently owned by 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.