KLA Co. (NASDAQ:KLAC – Get Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $809.81.
A number of equities analysts have issued reports on KLAC shares. UBS Group cut their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Barclays increased their price objective on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Oppenheimer started coverage on shares of KLA in a research note on Wednesday. They issued a “market perform” rating and a $750.00 target price for the company. Citigroup reduced their price target on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company upped their target price on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th.
Get Our Latest Stock Analysis on KLAC
Insiders Place Their Bets
Hedge Funds Weigh In On KLA
Several institutional investors have recently bought and sold shares of KLAC. Frazier Financial Advisors LLC bought a new stake in KLA during the 4th quarter valued at $26,000. Cedar Wealth Management LLC boosted its position in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. DSM Capital Partners LLC purchased a new position in KLA in the fourth quarter valued at about $28,000. Family Firm Inc. bought a new position in KLA in the second quarter worth about $30,000. Finally, Jones Financial Companies Lllp lifted its position in shares of KLA by 2,033.3% during the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.
KLA Trading Up 4.2 %
Shares of KLAC stock opened at $804.55 on Friday. The stock has a market cap of $108.32 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 1.51 and a beta of 1.28. The stock has a 50-day moving average of $768.91 and a 200-day moving average of $756.16. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. KLA has a 1-year low of $440.15 and a 1-year high of $896.32.
KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. KLA’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.40 EPS. On average, equities research analysts forecast that KLA will post 29.09 earnings per share for the current year.
KLA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.72%. KLA’s payout ratio is 30.38%.
KLA Company Profile
KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.
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