KLA (NASDAQ:KLAC) Price Target Raised to $850.00

KLA (NASDAQ:KLAC) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $725.00 to $850.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

KLAC has been the topic of a number of other reports. UBS Group increased their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, TD Cowen reduced their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Seven investment 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 has a consensus rating of “Moderate Buy” and an average target price of $829.32.

KLA Trading Down 0.6 %

NASDAQ:KLAC opened at $738.24 on Friday. The company has a market capitalization of $98.75 billion, a P/E ratio of 33.71, a PEG ratio of 1.54 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA has a 12 month low of $581.70 and a 12 month high of $896.32. The firm has a fifty day simple moving average of $675.96 and a 200-day simple moving average of $716.79.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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 anticipate that KLA will post 30.34 earnings per share 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 represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Institutional Trading of KLA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Algert Global LLC purchased a new position in KLA during the second quarter worth about $239,000. Cetera Investment Advisers increased its holdings in shares of KLA by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 27,178 shares of the semiconductor company’s stock worth $22,409,000 after buying an additional 1,300 shares during the last quarter. Czech National Bank raised its position in shares of KLA by 6.7% during the 3rd quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after buying an additional 1,726 shares during the period. HBW Advisory Services LLC lifted its holdings in KLA by 42.5% in the third quarter. HBW Advisory Services LLC now owns 781 shares of the semiconductor company’s stock valued at $605,000 after acquiring an additional 233 shares during the last quarter. Finally, Quent Capital LLC increased its stake in KLA by 294.3% during the third quarter. Quent Capital LLC now owns 138 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 103 shares during the last quarter. 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.