KLA (NASDAQ:KLAC) Price Target Raised to $1,460.00

KLA (NASDAQ:KLAC) had its price target boosted by Berenberg Bank from $1,010.00 to $1,460.00 in a research report sent to investors on Thursday morning,MarketScreener reports. They currently have a buy rating on the semiconductor company’s stock.

KLAC has been the subject of several other reports. Raymond James Financial reissued an “outperform” rating and issued a $950.00 target price (up from $850.00) on shares of KLA in a research report on Friday, August 1st. Citigroup boosted their target price on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Rothschild & Co Redburn boosted their target price on shares of KLA from $1,100.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of KLA from $1,120.00 to $1,280.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Cowen reissued a “hold” rating on shares of KLA in a research report on Thursday. Twelve analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,228.29.

KLA Stock Performance

KLAC stock opened at $1,208.74 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $159.17 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 3.56 and a beta of 1.50. KLA has a 12 month low of $551.33 and a 12 month high of $1,284.47. The firm has a 50 day moving average of $1,037.12 and a two-hundred day moving average of $902.87.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, topping the consensus estimate of $8.47 by $0.34. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.17 billion. KLA had a net margin of 33.83% and a return on equity of 113.10%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.33 earnings per share. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. As a group, equities analysts anticipate that KLA will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, August 18th. KLA’s dividend payout ratio is presently 25.01%.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 8,049 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This represents a 41.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ahmad A. Khan sold 13,716 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the transaction, the insider owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,566 shares of company stock worth $29,313,522 in the last ninety days. 91.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KLA

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company’s stock valued at $9,221,230,000 after purchasing an additional 80,154 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in KLA by 27.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company’s stock valued at $1,259,543,000 after purchasing an additional 404,634 shares during the last quarter. Amundi raised its stake in KLA by 18.0% during the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after purchasing an additional 251,339 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in KLA by 9.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company’s stock valued at $1,078,526,000 after buying an additional 131,620 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in KLA by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 890,607 shares of the semiconductor company’s stock valued at $605,435,000 after buying an additional 33,551 shares during the period. 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.