KLA Co. (NASDAQ:KLAC) Receives $806.35 Average PT from Brokerages

Shares of KLA Co. (NASDAQ:KLACGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $812.47.

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 target price on the stock in a research report on Monday, January 13th. Morgan Stanley decreased their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Finally, Barclays dropped their price objective on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th.

Read Our Latest Stock Report on KLA

Institutional Investors Weigh In On KLA

Several institutional investors and hedge funds have recently modified their holdings of the stock. CVA Family Office LLC boosted its holdings in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its position in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 14 shares during the period. Marcum Wealth LLC grew its holdings in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Down 1.5 %

Shares of NASDAQ:KLAC opened at $749.82 on Thursday. 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 company has a market capitalization of $100.30 billion, a P/E ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27. KLA has a 52-week low of $581.70 and a 52-week high of $896.32. The stock’s fifty day simple moving average is $666.45 and its 200-day simple moving average is $722.95.

KLA (NASDAQ:KLACGet Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.74 EPS. As a group, equities research analysts forecast that KLA will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio (DPR) is 31.05%.

KLA Company Profile

(Get Free Report

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.

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Analyst Recommendations for KLA (NASDAQ:KLAC)

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