KLA (NASDAQ:KLAC) Price Target Raised to $825.00

KLA (NASDAQ:KLAC) had its target price increased by Stifel Nicolaus from $800.00 to $825.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

KLAC has been the topic of a number of other research reports. Morgan Stanley cut their target price on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Cantor Fitzgerald increased their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group cut their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $829.32.

KLA Trading Down 0.6 %

KLAC stock opened at $738.24 on Friday. KLA has a one year low of $581.70 and a one year high of $896.32. The company has a market capitalization of $98.75 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The company’s 50 day moving average price is $675.96 and its two-hundred day moving average price is $716.79. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, analysts predict that KLA will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is 31.05%.

Institutional Trading of KLA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of KLA during the third quarter worth about $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA during the third quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA in the 4th quarter valued at approximately $43,000. Finally, Peterson Financial Group Inc. purchased a new stake in KLA during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors 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.