KLA (NASDAQ:KLAC) Price Target Raised to $760.00

KLA (NASDAQ:KLAC - Get Free Report) had its price target increased by equities researchers at Stifel Nicolaus from $685.00 to $760.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target indicates a potential upside of 9.62% from the company's current price.

A number of other equities analysts also recently commented on the company. TD Cowen upped their target price on KLA from $525.00 to $650.00 and gave the company a "market perform" rating in a report on Friday, January 26th. Wells Fargo & Company upped their price target on KLA from $760.00 to $805.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Berenberg Bank upped their price target on KLA from $670.00 to $690.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Raymond James upped their price target on KLA from $550.00 to $625.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Finally, Cantor Fitzgerald upped their price target on KLA from $625.00 to $800.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $688.42.

KLA Trading Up 2.2 %

KLAC stock traded up $14.82 during midday trading on Tuesday, hitting $693.31. The company had a trading volume of 922,431 shares, compared to its average volume of 959,091. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. KLA has a 52 week low of $355.88 and a 52 week high of $729.15. The stock's 50 day moving average price is $683.11 and its 200 day moving average price is $590.78. The stock has a market cap of $93.76 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 3.32 and a beta of 1.34.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business's revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.38 earnings per share. As a group, equities research analysts expect that KLA will post 22.65 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the transaction, the executive vice president now directly owns 16,922 shares of the company's stock, valued at approximately $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Bren D. Higgins sold 7,018 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $22,825,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the business'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 completion of the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KLAC. Vanguard Group Inc. increased its stake in KLA by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,036,035 shares of the semiconductor company's stock worth $7,577,847,000 after acquiring an additional 133,821 shares during the last quarter. State Street Corp increased its stake in KLA by 0.8% in the 1st quarter. State Street Corp now owns 5,733,533 shares of the semiconductor company's stock worth $2,288,651,000 after acquiring an additional 47,838 shares during the last quarter. Wellington Management Group LLP increased its stake in KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company's stock worth $2,061,469,000 after acquiring an additional 386,810 shares during the last quarter. Geode Capital Management LLC increased its stake in KLA by 10.4% in the 1st quarter. Geode Capital Management LLC now owns 2,844,959 shares of the semiconductor company's stock worth $1,133,396,000 after acquiring an additional 268,104 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in KLA by 1.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,547,420 shares of the semiconductor company's stock worth $1,480,816,000 after acquiring an additional 38,990 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

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.