KLA (NASDAQ:KLAC) Receives "Buy (B)" Rating from Weiss Ratings

Key Points

• KLA Corporation has received a "buy (B)" rating from Weiss Ratings, reaffirming confidence in the company's stock performance.
• Several analysts have raised their price targets for KLA, with estimates now ranging from $750 to $1,170, as analysts increasingly support a "buy" or "overweight" rating for the stock.
• KLA reported strong quarterly earnings with an EPS of $9.38, exceeding analyst expectations, and showed a year-over-year revenue increase of 23.6%.

KLA (NASDAQ:KLAC - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. Barclays upped their price objective on KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price objective on KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Citigroup upped their price objective on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $930.00 to $1,070.00 and gave the stock a "hold" rating in a report on Tuesday, September 30th. Finally, Cantor Fitzgerald increased their target price on KLA from $950.00 to $1,170.00 and gave the stock a "neutral" rating in a report on Wednesday, October 1st. Seven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, KLA has an average rating of "Hold" and an average price target of $950.00.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $1,062.59 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The stock's fifty day moving average price is $958.53 and its two-hundred day moving average price is $845.19. KLA has a one year low of $551.33 and a one year high of $1,155.00. The firm has a market cap of $139.93 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 3.25 and a beta of 1.50.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm posted $6.60 EPS. The company's revenue for the quarter was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, equities analysts forecast that KLA will post 31.59 EPS for the current year.

Insider Buying and Selling

In related news, insider Ahmad A. Khan sold 13,716 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider directly owned 27,372 shares in the company, valued at $24,128,418. This represents a 33.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Lorig sold 8,049 shares of the company's stock in a transaction 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 sale, the executive vice president owned 11,479 shares of the company's stock, valued at approximately $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,566 shares of company stock worth $29,313,522 in the last ninety days. 91.48% of the stock is owned by insiders.

Institutional Trading of KLA

Institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management lifted its position in shares of KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock worth $29,000 after buying an additional 41 shares during the last quarter. Ulland Investment Advisors LLC acquired a new position in shares of KLA in the second quarter valued at approximately $32,000. Alpine Bank Wealth Management acquired a new position in shares of KLA in the first quarter valued at approximately $35,000. Olde Wealth Management LLC acquired a new position in shares of KLA in the first quarter valued at approximately $36,000. Finally, Saudi Central Bank acquired a new position in shares of KLA in the first quarter valued at approximately $36,000. 86.65% of the stock is currently owned by institutional investors.

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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