KLA (NASDAQ:KLAC) PT Raised to $630.00 at Barclays

KLA (NASDAQ:KLAC) had its price target hoisted by Barclays from $550.00 to $630.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an underweight rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of KLA from $565.00 to $725.00 and gave the company an overweight rating in a research note on Friday, January 26th. Evercore ISI began coverage on shares of KLA in a research note on Tuesday, April 16th. They issued an outperform rating and a $800.00 target price for the company. Berenberg Bank increased their target price on shares of KLA from $670.00 to $690.00 and gave the company a buy rating in a research note on Friday, January 26th. Bank of America increased their target price on shares of KLA from $740.00 to $850.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Stifel Nicolaus increased their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $722.26.

KLA Stock Up 1.1 %

KLAC stock opened at $713.93 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. KLA has a 52-week low of $369.66 and a 52-week high of $729.15. The company has a 50-day moving average of $686.46 and a two-hundred day moving average of $603.00. The stock has a market capitalization of $96.54 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.52 and a beta of 1.34.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $5.49 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that KLA will post 22.61 EPS for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 15th. KLA’s payout ratio is 30.38%.

Insider Transactions at KLA

In other news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC bought a new position in KLA in the fourth quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new position in KLA in the fourth quarter valued at approximately $26,000. DSM Capital Partners LLC bought a new position in KLA in the fourth quarter valued at approximately $28,000. Addison Advisors LLC bought a new position in KLA in the fourth quarter valued at approximately $29,000. Finally, Operose Advisors LLC bought a new position in KLA in the third quarter valued at approximately $26,000. 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.