KLA (NASDAQ:KLAC) PT Raised to $760.00 at Stifel Nicolaus

KLA (NASDAQ:KLAC) had its price objective upped by analysts at Stifel Nicolaus from $685.00 to $760.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.01% from the company’s current price.

A number of other brokerages have also weighed in on KLAC. Deutsche Bank Aktiengesellschaft assumed coverage on KLA in a report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective on the stock. Berenberg Bank increased their price target on KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. The Goldman Sachs Group increased their price target on KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Raymond James increased their price target on KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Finally, Wells Fargo & Company increased their price target on KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.42.

KLA Trading Down 0.3 %

Shares of NASDAQ:KLAC opened at $678.49 on Tuesday. The business’s 50-day moving average is $681.28 and its 200 day moving average is $589.12. KLA has a 1 year low of $355.88 and a 1 year high of $729.15. The firm has a market capitalization of $91.75 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.32 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.25. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $7.38 EPS. On average, research analysts predict that KLA will post 22.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the transaction, the chief financial officer now owns 32,375 shares in the company, valued at $22,825,670. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KLA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new stake in KLA during the fourth quarter worth $25,000. Frazier Financial Advisors LLC acquired a new stake in KLA during the fourth quarter worth $26,000. DSM Capital Partners LLC acquired a new stake in KLA during the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in KLA during the fourth quarter worth $29,000. Finally, Addison Advisors LLC acquired a new stake in shares of KLA in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

About KLA

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.