KLA Co. (NASDAQ:KLAC) Receives $830.67 Consensus Target Price from Analysts

Shares of KLA Co. (NASDAQ:KLAC) have received a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $830.67.

Several brokerages have weighed in on KLAC. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Needham & Company LLC lifted their target price on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st.

Hedge Funds Weigh In On KLA

Hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the 3rd quarter worth $29,000. Tortoise Investment Management LLC grew its holdings in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of KLA during the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the fourth quarter valued at $32,000. Finally, Groupama Asset Managment grew its holdings in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Down 1.2 %

NASDAQ:KLAC opened at $710.00 on Friday. KLA has a 12-month low of $609.40 and a 12-month high of $896.32. The firm has a market capitalization of $94.35 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The business has a 50 day simple moving average of $727.78 and a 200 day simple moving average of $704.39.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts predict that KLA will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

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.