KLA (NASDAQ:KLAC) Price Target Raised to $875.00

KLA (NASDAQ:KLAC) had its target price increased by Cantor Fitzgerald from $800.00 to $875.00 in a report published on Friday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for KLA’s FY2025 earnings at $31.62 EPS.

Several other equities research analysts also recently issued reports on KLAC. TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $829.32.

KLA Trading Down 0.6 %

KLAC stock opened at $738.24 on Friday. The company has a market cap of $98.75 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The business has a fifty day simple moving average of $675.96 and a 200-day simple moving average of $716.79. KLA has a 52 week low of $581.70 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. On average, equities research analysts expect that KLA will post 30.34 EPS for the current year.

KLA Increases Dividend

The business 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 an increase 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 dividend yield of 0.92%. KLA’s dividend payout ratio (DPR) is 31.05%.

Institutional Investors Weigh In On KLA

Large investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in shares of KLA during the third quarter worth about $29,000. Groupama Asset Managment boosted 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 valued at $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new position in KLA in the 3rd quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of KLA in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of KLA during the fourth quarter valued at approximately $47,000. 86.65% of the stock is owned by institutional investors and hedge funds.

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.