KLA (NASDAQ:KLAC – Free Report) had its price objective lowered by Barclays from $750.00 to $700.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.
A number of other equities research analysts have also weighed in on KLAC. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Susquehanna lowered their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company decreased their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley decreased their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus target price of $806.60.
Read Our Latest Stock Analysis on KLA
KLA Price Performance
KLA (NASDAQ:KLAC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the firm earned $5.74 EPS. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts predict that KLA will post 30.37 earnings per share for the current fiscal year.
KLA Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.90%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is presently 31.05%.
Institutional Trading of KLA
Several hedge funds have recently added to or reduced their stakes in KLAC. Mizuho Securities USA LLC raised its stake in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its stake in KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares in the last quarter. Van ECK Associates Corp raised its stake in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in 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 valued at $185,397,000 after acquiring an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after acquiring an additional 226,100 shares in the last quarter. 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.
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