KLA (NASDAQ:KLAC) Receives “Neutral” Rating from Susquehanna

Susquehanna reiterated their neutral rating on shares of KLA (NASDAQ:KLACFree Report) in a report released on Monday morning, Benzinga reports. They currently have a $675.00 price objective on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the stock. Bank of America upped their target price on shares of KLA from $740.00 to $850.00 and gave the company a buy rating in a research report on Thursday, March 14th. Stifel Nicolaus reaffirmed a buy rating and issued a $685.00 target price on shares of KLA in a report on Monday, March 25th. Barclays raised their target price on shares of KLA from $500.00 to $550.00 and gave the company an underweight rating in a report on Friday, January 26th. Wells Fargo & Company increased their price target on shares of KLA from $750.00 to $760.00 and gave the company an overweight rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of KLA from $565.00 to $725.00 and gave the stock an overweight rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $641.05.

View Our Latest Research Report on KLA

KLA Stock Performance

KLAC opened at $710.88 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25. The firm has a fifty day moving average price of $665.78 and a 200 day moving average price of $572.52. The stock has a market cap of $96.13 billion, a P/E ratio of 36.10, a P/E/G ratio of 3.39 and a beta of 1.34. KLA has a 1 year low of $355.88 and a 1 year high of $729.15.

KLA (NASDAQ:KLACGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business posted $7.38 earnings per share. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. Equities research analysts anticipate that KLA will post 22.74 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is currently 29.46%.

Insider Transactions at KLA

In other news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the transaction, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares in the company, valued at approximately $22,825,670. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

A number of institutional investors have recently modified their holdings of KLAC. Resurgent Financial Advisors LLC purchased a new stake in shares of KLA during the 4th quarter worth about $25,000. Fortitude Family Office LLC purchased a new position in shares of KLA during the 4th quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new position in shares of KLA during the 3rd quarter valued at approximately $26,000. Operose Advisors LLC purchased a new position in shares of KLA during the 3rd quarter valued at approximately $26,000. Finally, Frazier Financial Advisors LLC bought a new position in KLA during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Company Profile

(Get Free Report)

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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Analyst Recommendations for KLA (NASDAQ:KLAC)

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