KLA (NASDAQ:KLAC) Research Coverage Started at Jefferies Financial Group

Analysts at Jefferies Financial Group started coverage on shares of KLA (NASDAQ:KLAC - Get Free Report) in a report issued on Monday, MarketBeat reports. The firm set a "buy" rating and a $820.00 price target on the semiconductor company's stock. Jefferies Financial Group's target price would suggest a potential upside of 14.82% from the stock's previous close.

Several other brokerages have also commented on KLAC. Barclays increased their price target on shares of KLA from $550.00 to $630.00 and gave the company an "underweight" rating in a research note on Friday, April 26th. Stifel Nicolaus increased their price target on shares of KLA from $685.00 to $760.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of KLA from a "hold" rating to a "buy" rating in a research note on Monday, April 29th. Citigroup raised their target price on shares of KLA from $725.00 to $760.00 and gave the stock a "buy" rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company raised their target price on shares of KLA from $760.00 to $805.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $727.15.

KLA Stock Down 0.6 %

NASDAQ:KLAC traded down $4.12 during mid-day trading on Monday, hitting $714.15. The stock had a trading volume of 554,072 shares, compared to its average volume of 944,173. The stock has a 50-day simple moving average of $690.91 and a two-hundred day simple moving average of $617.46. The company has a market capitalization of $96.15 billion, a PE ratio of 37.38, a PEG ratio of 3.07 and a beta of 1.33. KLA has a twelve month low of $385.80 and a twelve month high of $729.15. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.49 earnings per share. On average, equities research analysts anticipate that KLA will post 23.24 EPS for the current year.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of KLA stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now owns 93,142 shares of the company's stock, valued at approximately $66,748,351.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bren D. Higgins sold 7,018 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the transaction, the chief financial officer now owns 32,375 shares of the company's stock, valued at approximately $22,825,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now directly owns 93,142 shares of the company's stock, valued at approximately $66,748,351.46. The disclosure for this sale can be found here. Insiders sold 24,284 shares of company stock valued at $17,260,138 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in KLA in the 4th quarter valued at about $25,000. OFI Invest Asset Management purchased a new stake in KLA in the 3rd quarter valued at about $26,000. Operose Advisors LLC purchased a new stake in KLA in the 3rd quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of KLA during the 4th quarter worth about $26,000. Finally, Cedar Wealth Management LLC grew its holdings in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 17 shares during the period. 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.