Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for KLA (NASDAQ:KLAC) Stock Price

KLA (NASDAQ:KLAC) had its target price cut by Deutsche Bank Aktiengesellschaft from $890.00 to $750.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 12.04% from the company’s previous close.

A number of other equities analysts also recently issued reports on KLAC. Evercore ISI raised their price objective on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Barclays raised their price objective on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. UBS Group lowered their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Citigroup lowered their target price on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company lowered their target price on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Price Performance

KLA stock opened at $669.38 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $89.68 billion, a PE ratio of 30.57, a P/E/G ratio of 1.75 and a beta of 1.27. KLA has a 12 month low of $484.33 and a 12 month high of $896.32. The stock has a 50-day moving average price of $744.15 and a two-hundred day moving average price of $762.89.

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

Insider Activity at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock valued at $14,532,193 over the last 90 days. Insiders own 0.12% of the company’s stock.

Institutional Trading of KLA

Hedge funds have recently bought and sold shares of the business. Family Firm Inc. bought a new stake in shares of KLA in the second quarter valued at $30,000. Cedar Wealth Management LLC raised its stake in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of KLA in the third quarter valued at $38,000. 1620 Investment Advisors Inc. bought a new stake in shares of KLA in the second quarter valued at $44,000. Finally, LRI Investments LLC bought a new stake in shares of KLA in the first quarter valued at $46,000. 86.65% of the stock is currently owned by institutional investors.

KLA Company Profile

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.