KLA (NASDAQ:KLAC) PT Lowered to $925.00 at Cantor Fitzgerald

KLA (NASDAQ:KLAC) had its target price decreased by Cantor Fitzgerald from $950.00 to $925.00 in a research note released on Monday, Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the semiconductor company’s stock.

Several other analysts also recently commented on KLAC. StockNews.com downgraded KLA from a buy rating to a hold rating in a research note on Thursday, August 29th. Evercore ISI upped their price target on KLA from $800.00 to $900.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Argus lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the company a buy rating in a research report on Friday, July 26th. TD Cowen upped their price objective on shares of KLA from $700.00 to $760.00 and gave the stock a hold rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the company a buy rating in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $808.62.

KLA Price Performance

KLAC stock opened at $777.36 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $104.66 billion, a P/E ratio of 40.72, a PEG ratio of 1.51 and a beta of 1.28. The business has a 50 day simple moving average of $768.31 and a 200-day simple moving average of $759.26. KLA has a twelve month low of $448.31 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.40 EPS. As a group, equities analysts anticipate that KLA will post 29.09 EPS for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.75%. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KLA

Several hedge funds have recently made changes to their positions in KLAC. 9258 Wealth Management LLC purchased a new position in KLA during the fourth quarter worth about $210,000. Evoke Wealth LLC purchased a new position in shares of KLA during the 4th quarter worth about $243,000. Jones Financial Companies Lllp boosted its position in shares of KLA by 2,033.3% in the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 61 shares during the last quarter. Spinecap SAS purchased a new stake in KLA in the fourth quarter valued at approximately $1,744,000. Finally, CIBC Private Wealth Group LLC increased its position in KLA by 2.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 54,204 shares of the semiconductor company’s stock worth $31,509,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

About KLA

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.