KLA (NASDAQ:KLAC) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of KLA (NASDAQ:KLAC) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Price Targets.com reports. The brokerage currently has $375.00 price target on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on KLAC. Credit Suisse Group upped their target price on KLA from $325.00 to $380.00 and gave the company an outperform rating in a research report on Tuesday, April 27th. Morgan Stanley upped their price target on KLA from $349.00 to $364.00 and gave the company an equal weight rating in a research report on Monday, May 3rd. Zacks Investment Research raised KLA from a hold rating to a buy rating and set a $341.00 price target on the stock in a research report on Tuesday, April 20th. KeyCorp upped their price target on KLA from $339.00 to $369.00 and gave the company an overweight rating in a research report on Friday, April 30th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on KLA from $360.00 to $380.00 and gave the company a buy rating in a research report on Monday, April 19th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $313.00.

Shares of KLAC opened at $319.31 on Tuesday. The firm has a 50 day simple moving average of $321.37. KLA has a 52-week low of $171.31 and a 52-week high of $359.69. The firm has a market cap of $48.94 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.95 and a current ratio of 2.66.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, April 29th. The semiconductor company reported $3.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.59 by $0.26. KLA had a return on equity of 69.63% and a net margin of 28.77%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.74 billion. On average, analysts anticipate that KLA will post 14.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Monday, May 17th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.13%. KLA’s payout ratio is 34.78%.

In other KLA news, Director Gary B. Moore purchased 377 shares of the firm’s stock in a transaction dated Tuesday, May 11th. The stock was bought at an average price of $301.02 per share, with a total value of $113,484.54. Following the completion of the purchase, the director now owns 12,017 shares in the company, valued at approximately $3,617,357.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard P. Wallace sold 5,000 shares of the company’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $315.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer now owns 56,906 shares of the company’s stock, valued at approximately $17,925,390. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of KLA by 2.9% in the fourth quarter. Signaturefd LLC now owns 1,229 shares of the semiconductor company’s stock valued at $318,000 after buying an additional 35 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of KLA by 34.3% in the fourth quarter. First Horizon Advisors Inc. now owns 141 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 36 shares during the period. Parallel Advisors LLC lifted its holdings in shares of KLA by 5.3% in the first quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 38 shares during the period. Leisure Capital Management lifted its holdings in shares of KLA by 0.7% in the first quarter. Leisure Capital Management now owns 5,563 shares of the semiconductor company’s stock valued at $1,838,000 after buying an additional 39 shares during the period. Finally, Synovus Financial Corp lifted its holdings in shares of KLA by 2.5% in the first quarter. Synovus Financial Corp now owns 1,660 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 87.11% of the company’s stock.

About KLA

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Analyst Recommendations for KLA (NASDAQ:KLAC)

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