KLA (NASDAQ:KLAC) Receives "Outperform" Rating from Raymond James

KLA (NASDAQ:KLAC - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Raymond James in a research note issued to investors on Friday, Benzinga reports. They presently have a $750.00 price target on the semiconductor company's stock, up from their previous price target of $625.00. Raymond James' target price points to a potential upside of 6.19% from the stock's current price.

KLAC has been the topic of several other reports. Berenberg Bank lifted their target price on shares of KLA from $670.00 to $690.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Cantor Fitzgerald lifted their target price on shares of KLA from $625.00 to $800.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Citigroup lifted their target price on shares of KLA from $700.00 to $725.00 and gave the stock a "buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of KLA in a report on Thursday, April 11th. They issued a "buy" rating and a $800.00 price target on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of KLA in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $720.42.

KLA Price Performance

Shares of KLAC stock traded up $33.31 during trading hours on Friday, hitting $706.26. 1,192,886 shares of the company's stock were exchanged, compared to its average volume of 962,386. The company has a market capitalization of $95.51 billion, a PE ratio of 35.87, a PEG ratio of 3.27 and a beta of 1.34. KLA has a 12-month low of $369.00 and a 12-month high of $729.15. The business's 50 day simple moving average is $685.41 and its 200-day simple moving average is $599.79. 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 (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm earned $5.49 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that KLA will post 22.61 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Oreste Donzella sold 3,257 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares in the company, valued at approximately $11,809,017.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the business's stock in a transaction dated 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 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 legal filing with the SEC, which is available through this link. Also, EVP Oreste Donzella sold 3,257 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KLA

Hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC purchased a new position in KLA in the 4th quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of KLA during the 4th quarter valued at about $26,000. DSM Capital Partners LLC purchased a new stake in shares of KLA during the 4th quarter valued at about $28,000. Addison Advisors LLC purchased a new stake in shares of KLA during the 4th quarter valued at about $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of KLA during the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors 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.