KLA (NASDAQ:KLAC) Upgraded at StockNews.com

StockNews.com upgraded shares of KLA (NASDAQ:KLACFree Report) from a hold rating to a buy rating in a research report released on Friday.

A number of other research analysts also recently issued reports on KLAC. Wells Fargo & Company lowered their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI lifted their price target on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group lowered their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus increased their price target on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $802.90.

Read Our Latest Research Report on KLAC

KLA Trading Down 0.9 %

KLA stock opened at $663.37 on Friday. KLA has a 12 month low of $495.10 and a 12 month high of $896.32. The business’s fifty day simple moving average is $741.44 and its two-hundred day simple moving average is $764.25. The company has a market capitalization of $88.88 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.74 earnings per share. As a group, equities analysts predict that KLA will post 29.26 earnings per share for the current fiscal year.

Institutional Trading of KLA

Several institutional investors and hedge funds have recently modified their holdings of the company. Cedar Wealth Management LLC grew its holdings in KLA by 77.3% during the 1st 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 in the last quarter. Family Firm Inc. bought a new stake in shares of KLA in the second quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of KLA in the third quarter worth about $38,000. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA during the 2nd quarter worth approximately $44,000. Finally, LRI Investments LLC bought a new position in KLA during the first quarter valued at $45,000. 86.65% of the stock is currently owned by institutional investors.

About KLA

(Get Free Report)

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.

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Analyst Recommendations for KLA (NASDAQ:KLAC)

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