KLA (NASDAQ:KLAC) Price Target Raised to $825.00 at Stifel Nicolaus

KLA (NASDAQ:KLAC) had its price objective upped by analysts at Stifel Nicolaus from $800.00 to $825.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 8.72% from the stock’s current price.

A number of other equities research analysts have also recently commented on KLAC. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. The Goldman Sachs Group reduced their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Needham & Company LLC lifted their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $823.79.

KLA Stock Performance

NASDAQ KLAC traded up $16.38 on Friday, hitting $758.81. 613,389 shares of the company traded hands, compared to its average volume of 1,255,671. The company has a market capitalization of $101.50 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average price is $673.99 and its 200-day moving average price is $718.67. KLA has a 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly 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 return on equity of 105.16% and a net margin of 28.92%. Equities analysts expect that KLA will post 30.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Algert Global LLC bought a new position in KLA in the second quarter worth approximately $239,000. Cetera Investment Advisers grew its stake in KLA by 5.0% in the second quarter. Cetera Investment Advisers now owns 27,178 shares of the semiconductor company’s stock worth $22,409,000 after purchasing an additional 1,300 shares in the last quarter. Czech National Bank grew its stake in KLA by 6.7% in the third quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock worth $21,206,000 after purchasing an additional 1,726 shares in the last quarter. HBW Advisory Services LLC grew its stake in KLA by 42.5% in the third quarter. HBW Advisory Services LLC now owns 781 shares of the semiconductor company’s stock worth $605,000 after purchasing an additional 233 shares in the last quarter. Finally, Quent Capital LLC grew its stake in KLA by 294.3% in the third quarter. Quent Capital LLC now owns 138 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Company Profile

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.