KLA (NASDAQ:KLAC) Now Covered by Analysts at Evercore ISI

Analysts at Evercore ISI assumed coverage on shares of KLA (NASDAQ:KLAC) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $800.00 price target on the semiconductor company’s stock. Evercore ISI’s price target would suggest a potential upside of 17.91% from the company’s previous close.

KLAC has been the subject of several other reports. The Goldman Sachs Group lifted their price objective on KLA from $560.00 to $640.00 and gave the company a “buy” rating in a report on Friday, January 26th. New Street Research started coverage on KLA in a research note on Monday, December 18th. They issued a “buy” rating and a $730.00 target price on the stock. Bank of America lifted their target price on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wells Fargo & Company lifted their target price on KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $685.00 price target on shares of KLA in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $684.47.

KLA Stock Down 0.3 %

NASDAQ KLAC opened at $678.49 on Tuesday. KLA has a 52 week low of $355.88 and a 52 week high of $729.15. The firm has a market capitalization of $91.75 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.32 and a beta of 1.34. The company has a fifty day moving average of $681.28 and a two-hundred day moving average of $589.12. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, topping the consensus estimate of $5.91 by $0.25. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period last year, the company earned $7.38 earnings per share. On average, analysts predict that KLA will post 22.65 earnings per share for the current year.

Insider Transactions at KLA

In related news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 32,375 shares in the company, valued at approximately $22,825,670. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

Several large investors have recently added to or reduced their stakes in the stock. Journey Advisory Group LLC grew its holdings in shares of 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 purchasing an additional 16 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of 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 purchasing an additional 17 shares during the period. West Paces Advisors Inc. grew its holdings in shares of 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 purchasing an additional 17 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of KLA by 4.7% during the 3rd quarter. Proficio Capital Partners LLC now owns 466 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 21 shares during the period. Finally, Drive Wealth Management LLC grew its holdings in shares of KLA by 4.3% during the 4th quarter. Drive Wealth Management LLC now owns 507 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 21 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

About KLA

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.