KLA (NASDAQ:KLAC) Given New $675.00 Price Target at Susquehanna

KLA (NASDAQ:KLAC) had its target price trimmed by Susquehanna from $680.00 to $675.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Evercore ISI raised their target price on shares of KLA from $800.00 to $900.00 and gave the company an outperform rating in a report on Thursday, July 25th. Oppenheimer assumed coverage on shares of KLA in a research report on Wednesday, September 25th. They set a market perform rating and a $750.00 price objective for the company. The Goldman Sachs Group increased their target price on KLA from $735.00 to $838.00 and gave the company a buy rating in a report on Thursday, July 25th. UBS Group decreased their price target on KLA from $900.00 to $765.00 and set a neutral rating for the company in a report on Thursday, September 12th. Finally, 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. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $804.57.

KLA Trading Up 3.2 %

KLAC opened at $829.65 on Friday. The firm has a market cap of $111.70 billion, a P/E ratio of 43.46, a P/E/G ratio of 1.60 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. The business has a fifty day simple moving average of $774.25 and a 200-day simple moving average of $765.24. KLA has a 52 week low of $452.01 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $5.40 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that KLA will post 29.13 earnings per share for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Activity at KLA

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

Hedge Funds Weigh In On KLA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAC. Vanguard Group Inc. raised its position in shares of KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of KLA by 12.2% in the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after acquiring an additional 386,810 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of KLA by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after purchasing an additional 71,289 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after purchasing an additional 21,412 shares during the last quarter. Institutional investors and hedge funds 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.