KLA (NASDAQ:KLAC) Price Target Raised to $830.00

KLA (NASDAQ:KLAC) had its target price boosted by Needham & Company LLC from $800.00 to $830.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently weighed in on the stock. Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Barclays lowered their price target 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. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.32.

KLA Trading Down 0.6 %

NASDAQ:KLAC opened at $738.24 on Friday. The stock’s 50-day moving average is $675.96 and its two-hundred day moving average is $716.79. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The stock has a market cap 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. KLA has a fifty-two week low of $581.70 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. As a group, equities research analysts forecast that KLA will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the third quarter worth $29,000. Groupama Asset Managment increased its stake in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new position in KLA in the third quarter valued at approximately $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of KLA in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA during the fourth quarter worth $47,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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.