Rothschild & Co Redburn Increases KLA (NASDAQ:KLAC) Price Target to $1,865.00

KLA (NASDAQ:KLAC) had its target price increased by analysts at Rothschild & Co Redburn from $1,400.00 to $1,865.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Rothschild & Co Redburn’s price objective suggests a potential upside of 1.07% from the company’s current price.

Several other analysts have also commented on the stock. The Goldman Sachs Group increased their price target on shares of KLA from $1,505.00 to $1,550.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Susquehanna upped their target price on KLA from $1,600.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on KLA from $1,950.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. KeyCorp reissued a “sector weight” rating on shares of KLA in a report on Friday, March 13th. Finally, Dbs Bank upgraded KLA from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,838.48.

KLA Stock Down 1.3%

KLA stock opened at $1,845.19 on Tuesday. KLA has a fifty-two week low of $740.44 and a fifty-two week high of $1,939.36. The firm has a market capitalization of $241.04 billion, a price-to-earnings ratio of 52.23, a price-to-earnings-growth ratio of 2.77 and a beta of 1.50. The stock’s fifty day moving average is $1,615.67 and its two-hundred day moving average is $1,420.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.11 and a current ratio of 3.03.

KLA’s stock is set to split on the morning of Friday, June 12th. The 10-1 split was announced on Thursday, May 7th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, June 11th.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $9.40 EPS for the quarter, beating analysts’ consensus estimates of $9.17 by $0.23. KLA had a net margin of 35.66% and a return on equity of 91.89%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the company earned $8.41 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. Analysts predict that KLA will post 37.06 EPS for the current fiscal year.

KLA announced that its Board of Directors has initiated a share repurchase program on Thursday, March 12th that allows the company to repurchase $7.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On KLA

A number of hedge funds have recently made changes to their positions in the stock. Basepoint Wealth LLC purchased a new position in shares of KLA in the 4th quarter worth $32,000. Arlington Trust Co LLC increased its stake in KLA by 125.0% during the third quarter. Arlington Trust Co LLC now owns 36 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 20 shares during the last quarter. Triumph Capital Management purchased a new position in shares of KLA in the 3rd quarter worth about $40,000. Hilton Head Capital Partners LLC acquired a new position in shares of KLA in the 4th quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of KLA by 28.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Company Profile

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.