KLA (NASDAQ:KLAC) Price Target Raised to $870.00

KLA (NASDAQ:KLAC) had its price target increased by Wells Fargo & Company from $795.00 to $870.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

KLAC has been the topic of several other research reports. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Needham & Company LLC lifted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $829.32.

KLA Stock Performance

Shares of KLAC opened at $738.24 on Friday. KLA has a 52-week low of $581.70 and a 52-week high of $896.32. The stock’s 50-day simple moving average is $675.96 and its 200 day simple moving average 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. The stock has a market capitalization of $98.75 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that KLA will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s payout ratio is presently 31.05%.

Institutional Trading of KLA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of KLA in the 3rd quarter worth approximately $29,000. Groupama Asset Managment grew its stake in KLA by 82.3% in the third 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 during the period. Capital Performance Advisors LLP purchased a new position in KLA during the third quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of KLA during the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of KLA in the 4th quarter worth about $47,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

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.