KLA Co. (NASDAQ:KLAC) Receives $607.50 Average Price Target from Analysts

Shares of KLA Co. (NASDAQ:KLACGet Free Report) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $607.50.

KLAC has been the subject of several analyst reports. New Street Research assumed coverage on shares of KLA in a research note on Monday, December 18th. They issued a “buy” rating and a $730.00 price objective for the company. TD Cowen lifted their price target on shares of KLA from $525.00 to $650.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Morgan Stanley decreased their price target on shares of KLA from $529.00 to $500.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Wells Fargo & Company lifted their price target on shares of KLA from $670.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Susquehanna lowered shares of KLA from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $640.00 to $675.00 in a report on Monday, January 29th.

View Our Latest Stock Analysis on KLAC

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. Norges Bank acquired a new stake in KLA in the 4th quarter valued at about $1,048,728,000. Jensen Investment Management Inc. acquired a new stake in shares of KLA during the 2nd quarter worth approximately $205,999,000. Alkeon Capital Management LLC increased its holdings in shares of KLA by 52.8% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,156,913 shares of the semiconductor company’s stock worth $530,630,000 after buying an additional 400,000 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of KLA by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,074,884 shares of the semiconductor company’s stock worth $759,532,000 after buying an additional 385,420 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in KLA by 43.4% in the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock valued at $580,008,000 after purchasing an additional 301,848 shares during the last quarter. 85.49% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 0.3 %

Shares of NASDAQ:KLAC opened at $648.05 on Thursday. 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 12 month low of $355.88 and a 12 month high of $658.78. The company has a 50-day moving average price of $582.93 and a 200 day moving average price of $524.98. The company has a market cap of $87.64 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.13 and a beta of 1.33.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the firm earned $7.38 EPS. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, equities research analysts predict that KLA will post 22.88 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 19th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 15th. KLA’s payout ratio is currently 29.46%.

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.

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Analyst Recommendations for KLA (NASDAQ:KLAC)

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