KLA Co. (NASDAQ:KLAC) Receives $830.67 Average PT from Brokerages

KLA Co. (NASDAQ:KLAC) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $830.67.

A number of research firms have commented on KLAC. Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald lifted their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth about $29,000. Tortoise Investment Management LLC lifted its holdings in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares during the period. TCTC Holdings LLC acquired a new position in KLA during the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA during the 4th quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD lifted its holdings in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after buying an additional 40 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ KLAC opened at $713.00 on Friday. The firm has a market cap of $94.75 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA has a 1-year low of $609.40 and a 1-year high of $896.32. The business’s 50 day moving average is $726.81 and its 200-day moving average is $705.71.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts predict that KLA will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is presently 28.60%.

About KLA

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.