KLA (NASDAQ:KLAC) Given New $1,315.00 Price Target at New Street Research

KLA (NASDAQ:KLAC) had its price objective increased by New Street Research from $1,230.00 to $1,315.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. New Street Research’s target price would indicate a potential downside of 12.33% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Rothschild & Co Redburn boosted their target price on KLA from $1,100.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays reissued an “overweight” rating and issued a $1,595.00 price target on shares of KLA in a research report on Thursday, January 15th. Wolfe Research set a $1,500.00 price objective on shares of KLA in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of KLA in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on KLA from $1,120.00 to $1,280.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,454.43.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $1,500.00 on Thursday. The firm has a 50 day moving average of $1,272.62 and a 200-day moving average of $1,098.25. The stock has a market capitalization of $197.09 billion, a PE ratio of 47.10, a PEG ratio of 4.03 and a beta of 1.45. The company has a current ratio of 2.69, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18. KLA has a 12 month low of $551.33 and a 12 month high of $1,581.34.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.47 by $0.34. KLA had a return on equity of 107.26% and a net margin of 33.83%.The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the business posted $7.33 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, equities research analysts predict that KLA will post 31.59 EPS for the current fiscal year.

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 10,803 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $1,203.10, for a total transaction of $12,997,089.30. Following the completion of the sale, the chief executive officer directly owned 81,211 shares of the company’s stock, valued at approximately $97,704,954.10. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 2,254 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $1,237.01, for a total transaction of $2,788,220.54. Following the sale, the chief financial officer directly owned 32,154 shares of the company’s stock, valued at approximately $39,774,819.54. The trade was a 6.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 91.48% of the company’s stock.

Hedge Funds Weigh In On KLA

A number of hedge funds have recently modified their holdings of the company. Bessemer Group Inc. increased its stake in KLA by 1.1% in the 2nd quarter. Bessemer Group Inc. now owns 188,735 shares of the semiconductor company’s stock worth $169,056,000 after buying an additional 2,117 shares in the last quarter. Close Asset Management Ltd purchased a new stake in shares of KLA during the 3rd quarter worth approximately $133,209,000. Winslow Capital Management LLC bought a new stake in shares of KLA during the second quarter worth $95,217,000. Achmea Investment Management B.V. lifted its holdings in shares of KLA by 6.2% in the 3rd quarter. Achmea Investment Management B.V. now owns 104,507 shares of the semiconductor company’s stock worth $112,721,000 after buying an additional 6,109 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of KLA by 5.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 101,382 shares of the semiconductor company’s stock valued at $109,351,000 after purchasing an additional 5,586 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

About KLA

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.