KLA (NASDAQ:KLAC) Price Target Raised to $830.00

KLA (NASDAQ:KLAC) had its target price raised by Needham & Company LLC from $800.00 to $830.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target points to a potential upside of 11.80% from the stock’s current price.

Several other research firms have also weighed in on KLAC. Deutsche Bank Aktiengesellschaft increased their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday. Barclays reduced their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $821.95.

KLA Stock Up 4.1 %

Shares of KLA stock opened at $742.43 on Friday. The business has a fifty day simple moving average of $671.76 and a 200 day simple moving average of $718.50. The stock has a market cap of $99.31 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA has a 12 month low of $581.70 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. Research analysts predict that KLA will post 30.34 EPS for the current year.

Institutional Investors Weigh In On KLA

Large investors have recently made changes to their positions in the stock. Mizuho Securities USA LLC increased its holdings in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the period. Assenagon Asset Management S.A. lifted its stake in KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after purchasing an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

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.