KLA (NASDAQ:KLAC) Price Target Raised to $1,250.00

Key Points

• Wolfe Research raised KLA's price target from $1,075.00 to $1,250.00, suggesting an 18.62% potential upside from the stock's previous close.
• KLA reported quarterly earnings of $9.38 EPS, surpassing estimates and showing a 23.6% increase in revenue compared to the previous year.
• Currently, KLA holds a consensus rating of "Hold" from analysts, with 8 recommending a buy and 13 advising a hold on the stock.

KLA (NASDAQ:KLAC - Get Free Report) had its price target increased by equities research analysts at Wolfe Research from $1,075.00 to $1,250.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Wolfe Research's price objective suggests a potential upside of 18.62% from the stock's previous close.

Several other brokerages have also recently weighed in on KLAC. Barclays boosted their price target on shares of KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. The Goldman Sachs Group began coverage on shares of KLA in a report on Thursday, July 10th. They issued a "neutral" rating and a $980.00 price objective on the stock. Wall Street Zen lowered shares of KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Wells Fargo & Company boosted their price target on shares of KLA from $920.00 to $1,115.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley set a $1,093.00 price target on shares of KLA and gave the stock an "equal weight" rating in a research note on Monday, September 22nd. Eight equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $973.16.

KLA Price Performance

NASDAQ KLAC traded down $8.79 on Thursday, hitting $1,053.80. The company had a trading volume of 83,325 shares, compared to its average volume of 1,110,724. The company has a market capitalization of $138.77 billion, a PE ratio of 34.77, a PEG ratio of 3.25 and a beta of 1.50. The company's fifty day moving average price is $958.53 and its 200-day moving average price is $845.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. KLA has a 12-month low of $551.33 and a 12-month high of $1,155.00.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm earned $6.60 EPS. The firm's revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, analysts predict that KLA will post 31.59 earnings per share for the current year.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 8,049 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares of the company's stock, valued at $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares of the company's stock, valued at $84,805,950.24. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,566 shares of company stock valued at $29,313,522 over the last three months. 91.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KLA

Several large investors have recently modified their holdings of the company. Canandaigua National Bank & Trust Co. boosted its holdings in shares of KLA by 1.2% in the third quarter. Canandaigua National Bank & Trust Co. now owns 836 shares of the semiconductor company's stock valued at $902,000 after acquiring an additional 10 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of KLA by 1.1% during the second quarter. Valeo Financial Advisors LLC now owns 1,224 shares of the semiconductor company's stock worth $1,096,000 after purchasing an additional 13 shares during the last quarter. MAI Capital Management raised its stake in shares of KLA by 1.0% during the first quarter. MAI Capital Management now owns 1,365 shares of the semiconductor company's stock worth $928,000 after purchasing an additional 14 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of KLA by 1.2% during the first quarter. Meiji Yasuda Life Insurance Co now owns 1,212 shares of the semiconductor company's stock worth $824,000 after purchasing an additional 14 shares during the last quarter. Finally, IFC Advisors LLC raised its stake in shares of KLA by 4.6% during the first quarter. IFC Advisors LLC now owns 342 shares of the semiconductor company's stock worth $232,000 after purchasing an additional 15 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Company Profile

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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