KLA (NASDAQ:KLAC) Price Target Increased to $630.00 by Analysts at Barclays

KLA (NASDAQ:KLAC) had its price target hoisted by research analysts at Barclays from $550.00 to $630.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the semiconductor company’s stock. Barclays‘s target price would suggest a potential downside of 10.34% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on KLA in a report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective for the company. Evercore ISI assumed coverage on KLA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price objective for the company. Cantor Fitzgerald boosted their price target on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company boosted their price target on KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group boosted their price target on KLA from $605.00 to $760.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $703.42.

KLA Trading Up 4.4 %

KLAC stock traded up $29.72 on Friday, reaching $702.67. The company’s stock had a trading volume of 184,592 shares, compared to its average volume of 949,517. The business has a fifty day simple moving average of $684.51 and a two-hundred day simple moving average of $598.13. KLA has a 12-month low of $369.00 and a 12-month high of $729.15. The firm has a market cap of $95.02 billion, a PE ratio of 35.53, a PEG ratio of 3.27 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.49 earnings per share. As a group, research analysts forecast that KLA will post 22.61 EPS for the current year.

Insider Buying and Selling at KLA

In other news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of the business’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 transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KLA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLAC. Exchange Traded Concepts LLC boosted its stake in KLA by 63.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,945 shares of the semiconductor company’s stock worth $1,351,000 after buying an additional 1,138 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of KLA by 6.5% in the 3rd quarter. Private Trust Co. NA now owns 594 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 36 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of KLA by 2.7% in the 3rd quarter. UMB Bank n.a. now owns 2,092 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 55 shares during the last quarter. Oak Thistle LLC lifted its stake in shares of KLA by 42.4% in the 3rd quarter. Oak Thistle LLC now owns 1,225 shares of the semiconductor company’s stock valued at $562,000 after purchasing an additional 365 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of KLA by 2.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 45,325 shares of the semiconductor company’s stock valued at $20,789,000 after purchasing an additional 882 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Company Profile

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.