Shares of KLA Co. (NASDAQ:KLAC – Get Free Report) have been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $455.50.
A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on KLA from $500.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Barclays lifted their target price on KLA from $400.00 to $425.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. JPMorgan Chase & Co. lifted their target price on KLA from $445.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. TD Cowen lifted their target price on KLA from $410.00 to $535.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Susquehanna lifted their target price on KLA from $490.00 to $560.00 and gave the company a “positive” rating in a research report on Friday, July 28th.
Insider Transactions at KLA
Institutional Trading of KLA
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwest Capital Management Inc purchased a new stake in KLA during the 2nd quarter valued at approximately $26,000. Cornerstone Planning Group LLC purchased a new stake in KLA during the 2nd quarter valued at approximately $29,000. Resurgent Financial Advisors LLC purchased a new stake in KLA during the 4th quarter valued at approximately $25,000. Quarry LP increased its position in KLA by 118.9% during the 1st quarter. Quarry LP now owns 81 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 44 shares during the period. Finally, Activest Wealth Management acquired a new position in KLA during the 2nd quarter worth approximately $40,000. 85.49% of the stock is owned by hedge funds and other institutional investors.
KLA Stock Performance
Shares of KLA stock opened at $497.73 on Monday. KLA has a one year low of $250.20 and a one year high of $520.19. The company has a market cap of $68.05 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.38 and a beta of 1.35. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.47 and a current ratio of 2.24. The business’s 50 day moving average price is $485.62 and its 200 day moving average price is $435.06.
KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.58. KLA had a return on equity of 138.06% and a net margin of 32.27%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business posted $5.81 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, research analysts predict that KLA will post 22.11 EPS for the current year.
KLA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $5.20 annualized dividend and a yield of 1.04%. KLA’s payout ratio is 21.59%.
KLA declared that its board has approved a stock buyback program on Tuesday, September 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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.
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