KLA (NASDAQ:KLAC) Given New $780.00 Price Target at UBS Group

KLA (NASDAQ:KLAC) had its price objective boosted by stock analysts at UBS Group from $665.00 to $780.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective suggests a potential upside of 0.44% from the stock’s previous close.

KLAC has been the subject of several other reports. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Susquehanna lowered their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $807.35.

KLA Trading Up 2.5 %

Shares of KLA stock traded up $19.12 during trading on Tuesday, reaching $776.59. The company’s stock had a trading volume of 448,998 shares, compared to its average volume of 1,219,884. The firm’s 50-day moving average is $656.82 and its two-hundred day moving average is $723.78. KLA has a 52-week low of $581.70 and a 52-week high of $896.32. The company has a market cap of $103.88 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 1.63 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business posted $5.74 earnings per share. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts anticipate that KLA will post 30.37 earnings per share for the current year.

Hedge Funds Weigh In On KLA

Large investors have recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its position in shares of KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after purchasing an additional 301,987 shares in the last quarter. Van ECK Associates Corp grew its position in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

About KLA

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.