StockNews.com upgraded shares of KLA (NASDAQ:KLAC – Free 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 (NASDAQ:KLAC – Get 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
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.
Read More
- Five stocks we like better than KLA
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Intel: Is Now the Time to Be Brave?Â
- Find and Profitably Trade Stocks at 52-Week Lows
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- Technology Stocks Explained: Here’s What to Know About Tech
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.