Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for KLA (NASDAQ:KLAC) Stock

KLA (NASDAQ:KLAC) had its price objective boosted by equities researchers at Deutsche Bank Aktiengesellschaft from $725.00 to $850.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.49% from the stock’s current price.

Several other analysts also recently weighed in on the company. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a report on Monday, January 13th. Morgan Stanley lowered their target price on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. UBS Group increased their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $817.74.

KLA Stock Performance

Shares of KLA stock opened at $742.43 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA has a 52 week low of $581.70 and a 52 week high of $896.32. The firm’s 50 day moving average is $671.76 and its two-hundred day moving average is $718.50. The firm has a market capitalization of $99.31 billion, a P/E ratio of 33.90, a P/E/G ratio of 1.54 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Research analysts forecast that KLA will post 30.34 EPS for the current fiscal year.

Institutional Trading of KLA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the third quarter valued at approximately $29,000. Groupama Asset Managment grew its position in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of KLA in the third quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in KLA in the fourth quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in KLA in the 4th quarter valued at about $47,000. 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.