Analysts Set KLA Co. (NASDAQ:KLAC) Price Target at $815.55

Shares of KLA Co. (NASDAQ:KLAC) have been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $812.30.

Several equities analysts have commented on the stock. Barclays dropped their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, UBS Group reduced their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th.

KLA Trading Up 0.9 %

NASDAQ:KLAC opened at $648.34 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA has a one year low of $530.07 and a one year high of $896.32. The company has a market cap of $86.72 billion, a PE ratio of 29.60, a PEG ratio of 1.40 and a beta of 1.27. The firm has a 50-day moving average of $687.30 and a 200-day moving average of $754.15.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $5.74 EPS. As a group, equities research analysts expect that KLA will post 30.63 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is 31.05%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CVA Family Office LLC grew its position in KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the last quarter. TIAA Trust National Association grew its position in KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after acquiring an additional 14 shares during the last quarter. AA Financial Advisors LLC grew its position in KLA by 2.7% during the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 15 shares during the last quarter. Ameritas Advisory Services LLC grew its position in KLA by 1.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,280 shares of the semiconductor company’s stock valued at $1,055,000 after acquiring an additional 15 shares during the last quarter. Finally, Greystone Financial Group LLC grew its position in KLA by 1.3% during the second quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company’s stock valued at $980,000 after acquiring an additional 15 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.