KLA (NASDAQ:KLAC) Price Target Lowered to $750.00 at Deutsche Bank Aktiengesellschaft

KLA (NASDAQ:KLAC) had its price target decreased by Deutsche Bank Aktiengesellschaft from $890.00 to $750.00 in a report issued on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. Susquehanna reduced their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a report on Thursday. TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday. Evercore ISI raised their price objective on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Trading Up 1.3 %

NASDAQ KLAC traded up $8.38 on Thursday, reaching $674.61. The company had a trading volume of 267,977 shares, compared to its average volume of 944,363. The firm has a market cap of $90.38 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.75 and a beta of 1.27. The business has a 50 day moving average of $747.12 and a two-hundred day moving average of $762.96. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. KLA has a fifty-two week low of $484.33 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 108.40% and a net margin of 28.92%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.74 earnings per share. Analysts forecast that KLA will post 29.07 EPS for the current year.

Insiders Place Their Bets

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by company insiders.

Institutional Trading of KLA

Institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB lifted its stake in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Community Financial Services Group LLC lifted its stake in KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank grew its position in shares of KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares during the last quarter. Norden Group LLC increased its holdings in shares of KLA by 1,579.3% in the 1st quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock worth $4,589,000 after acquiring an additional 6,175 shares during the period. Finally, Sei Investments Co. grew its holdings in KLA by 16.0% in the 1st quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock worth $53,756,000 after buying an additional 10,594 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

About KLA

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.