UBS Group Raises KLA (NASDAQ:KLAC) Price Target to $780.00

KLA (NASDAQ:KLAC) had its target price increased by analysts at UBS Group from $665.00 to $780.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s target price would indicate a potential upside of 1.05% from the company’s current price.

A number of other brokerages have also recently weighed in on KLAC. Susquehanna reduced their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. 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 report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $806.35.

KLA Trading Up 0.6 %

Shares of KLA stock opened at $771.91 on Tuesday. The company has a fifty day simple moving average of $658.87 and a 200-day simple moving average of $723.16. KLA has a 12-month low of $581.70 and a 12-month high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a market cap of $103.25 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.63 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company posted $5.74 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts forecast that KLA will post 30.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLAC. Orca Wealth Management LLC acquired a new position in shares of KLA in the fourth quarter worth $203,000. BSW Wealth Partners raised its stake in KLA by 8.4% in the 4th quarter. BSW Wealth Partners now owns 387 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 30 shares during the last quarter. Bensler LLC raised its stake in KLA by 3.5% in the 4th quarter. Bensler LLC now owns 18,958 shares of the semiconductor company’s stock valued at $11,946,000 after purchasing an additional 649 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of KLA by 204.7% during the 4th quarter. Perigon Wealth Management LLC now owns 5,287 shares of the semiconductor company’s stock worth $3,331,000 after purchasing an additional 3,552 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares during the last quarter. 86.65% of the stock is currently 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.