Susquehanna Boosts KLA (NASDAQ:KLAC) Price Target to $655.00

KLA (NASDAQ:KLAC) had its target price raised by stock analysts at Susquehanna from $620.00 to $655.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s price objective indicates a potential downside of 13.92% from the stock’s current price.

KLAC has been the subject of a number of other reports. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Morgan Stanley reduced their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $806.35.

KLA Trading Down 1.4 %

Shares of KLAC stock opened at $760.95 on Wednesday. KLA has a 12-month low of $581.70 and a 12-month high of $896.32. The firm has a 50 day moving average price of $661.42 and a two-hundred day moving average price of $723.50. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $101.78 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.74 EPS. As a group, analysts predict that KLA will post 30.34 earnings per share for the current year.

Institutional Investors Weigh In On KLA

Several hedge funds have recently added to or reduced their stakes in KLAC. Custom Index Systems LLC lifted its holdings in shares of KLA by 14.5% during the fourth quarter. Custom Index Systems LLC now owns 394 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 50 shares during the period. Caprock Group LLC lifted its holdings in KLA by 2.0% during the 4th quarter. Caprock Group LLC now owns 5,465 shares of the semiconductor company’s stock worth $3,444,000 after buying an additional 105 shares during the period. Alta Wealth Advisors LLC grew its position in shares of KLA by 3.7% in the 4th quarter. Alta Wealth Advisors LLC now owns 1,834 shares of the semiconductor company’s stock valued at $1,156,000 after buying an additional 65 shares during the last quarter. Hartford Financial Management Inc. increased its stake in shares of KLA by 36.0% in the fourth quarter. Hartford Financial Management Inc. now owns 3,111 shares of the semiconductor company’s stock valued at $1,960,000 after buying an additional 824 shares during the period. Finally, Strategic Advocates LLC bought a new position in shares of KLA during the fourth quarter worth about $1,720,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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.