KLA Co. (NASDAQ:KLAC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of KLA Co. (NASDAQ:KLACGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $747.40.

KLAC has been the topic of several research reports. Cantor Fitzgerald upped their price target on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays upgraded shares of KLA from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $630.00 to $765.00 in a research report on Wednesday, June 5th. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. TD Cowen upped their price target on shares of KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research report on Friday, April 26th.

Read Our Latest Report on KLAC

KLA Stock Up 1.7 %

Shares of NASDAQ KLAC opened at $863.31 on Wednesday. The stock has a market cap of $116.24 billion, a PE ratio of 45.22, a PEG ratio of 3.95 and a beta of 1.28. The business has a fifty day moving average of $735.27 and a two-hundred day moving average of $666.47. KLA has a 52-week low of $440.15 and a 52-week high of $876.55. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14.

KLA (NASDAQ:KLACGet Free Report) last issued its quarterly earnings data 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 return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the business earned $5.49 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that KLA will post 23.3 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $1.45 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.67%. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

In other news, insider Ahmad A. Khan sold 7,833 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total value of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the sale, the chief financial officer now owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total value of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock valued at $24,016,781 in the last ninety days. 0.12% of the stock is owned by insiders.

Institutional Investors Weigh In On KLA

A number of large investors have recently added to or reduced their stakes in the business. United Community Bank raised its stake in KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 15 shares during the period. Greystone Financial Group LLC increased its position in KLA by 1.4% during the 1st quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock worth $819,000 after buying an additional 16 shares during the period. Journey Advisory Group LLC increased its position in KLA by 3.2% during the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock worth $301,000 after buying an additional 16 shares during the period. AdvisorNet Financial Inc increased its position in KLA by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after buying an additional 17 shares during the period. Finally, West Paces Advisors Inc. increased its position in KLA by 8.8% during the 4th quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company’s stock worth $122,000 after buying an additional 17 shares during the period. Institutional investors own 86.65% of the company’s stock.

About KLA

(Get Free Report

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.

Featured Stories

Analyst Recommendations for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.