KLA (NASDAQ:KLAC) Given New $759.00 Price Target at The Goldman Sachs Group

KLA (NASDAQ:KLAC) had its price target decreased by The Goldman Sachs Group from $850.00 to $759.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 11.12% from the stock’s current price.

Several other brokerages also recently commented on KLAC. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Morgan Stanley cut their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Citigroup cut their target price on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, UBS Group decreased their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Price Performance

Shares of NASDAQ KLAC opened at $683.06 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The company has a 50 day simple moving average of $650.27 and a two-hundred day simple moving average of $728.90. KLA has a fifty-two week low of $549.63 and a fifty-two week high of $896.32. The company has a market capitalization of $91.37 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.39 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $5.74 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that KLA will post 30.61 EPS for the current fiscal year.

Institutional Trading of KLA

Several large investors have recently added to or reduced their stakes in the business. HBW Advisory Services LLC boosted its stake in shares of KLA by 5.8% during the 4th quarter. HBW Advisory Services LLC now owns 826 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in KLA by 2.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,473 shares of the semiconductor company’s stock worth $928,000 after purchasing an additional 40 shares during the period. Ridgewood Investments LLC lifted its position in KLA by 67.6% during the fourth quarter. Ridgewood Investments LLC now owns 491 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 198 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in KLA by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,223 shares of the semiconductor company’s stock valued at $14,003,000 after purchasing an additional 210 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in KLA by 3.7% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 21,203 shares of the semiconductor company’s stock worth $13,360,000 after buying an additional 748 shares in the last quarter. 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.