KLA (NASDAQ:KLAC) Rating Reiterated by Raymond James

Raymond James reissued their outperform rating on shares of KLA (NASDAQ:KLAC) in a report published on Friday, Benzinga reports. The firm currently has a $750.00 target price on the semiconductor company’s stock, up from their previous target price of $625.00.

A number of other research firms have also weighed in on KLAC. Cantor Fitzgerald lifted their price objective on shares of KLA from $625.00 to $800.00 and gave the company a neutral rating in a research report on Monday, April 8th. Bank of America increased their price target on shares of KLA from $740.00 to $850.00 and gave the stock a buy rating in a report on Thursday, March 14th. TD Cowen lifted their price objective on KLA from $650.00 to $700.00 and gave the company a hold rating in a report on Friday. Susquehanna reissued a neutral rating and set a $675.00 target price on shares of KLA in a research note on Monday, April 1st. Finally, UBS Group raised their price target on KLA from $605.00 to $760.00 and gave the company a neutral rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, KLA presently has an average rating of Moderate Buy and a consensus target price of $722.26.

KLA Trading Up 1.1 %

NASDAQ KLAC opened at $713.93 on Friday. KLA has a one year low of $369.66 and a one year high of $729.15. The firm has a market cap of $96.54 billion, a PE ratio of 37.40, a P/E/G ratio of 3.52 and a beta of 1.34. The firm’s fifty day moving average is $686.46 and its two-hundred day moving average is $603.00. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business earned $5.49 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Analysts expect that KLA will post 22.61 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a dividend of $1.45 per share. The ex-dividend date was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.81%. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the transaction, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC grew its stake in shares of KLA by 63.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,945 shares of the semiconductor company’s stock valued at $1,351,000 after acquiring an additional 1,138 shares in the last quarter. Private Trust Co. NA increased its holdings in KLA by 6.5% during the 3rd quarter. Private Trust Co. NA now owns 594 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 36 shares during the last quarter. UMB Bank n.a. raised its position in shares of KLA by 2.7% in the 3rd quarter. UMB Bank n.a. now owns 2,092 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 55 shares in the last quarter. Oak Thistle LLC boosted its stake in shares of KLA by 42.4% during the 3rd quarter. Oak Thistle LLC now owns 1,225 shares of the semiconductor company’s stock valued at $562,000 after buying an additional 365 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of KLA by 2.0% during the third quarter. Handelsbanken Fonder AB now owns 45,325 shares of the semiconductor company’s stock worth $20,789,000 after buying an additional 882 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Company Profile

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.