KLA (NASDAQ:KLAC) Price Target Raised to $780.00 at UBS Group

KLA (NASDAQ:KLAC) had its price objective hoisted by UBS Group from $665.00 to $780.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Other research analysts have also issued research reports about the company. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company decreased their target price on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft decreased their target price on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Susquehanna decreased their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $807.35.

KLA Trading Up 1.3 %

Shares of KLAC stock opened at $767.24 on Tuesday. The business’s fifty day moving average price is $656.82 and its 200 day moving average price is $723.78. KLA has a 1-year low of $581.70 and a 1-year high of $896.32. The firm has a market capitalization of $102.63 billion, a PE ratio of 35.03, a P/E/G ratio of 1.63 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping 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 firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the company posted $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts forecast that KLA will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.89%. KLA’s dividend payout ratio is 31.05%.

Hedge Funds Weigh In On KLA

Several large investors have recently added to or reduced their stakes in the business. CVA Family Office LLC grew its holdings in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares during the last quarter. Marcum Wealth LLC grew its holdings in shares of KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the last quarter. Ascent Wealth Partners LLC grew its holdings in shares of KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after acquiring an additional 16 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other 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.