Barclays Raises KLA (NASDAQ:KLAC) Price Target to $550.00

KLA (NASDAQ:KLACGet Free Report) had its price target raised by equities researchers at Barclays from $500.00 to $550.00 in a report released on Friday, Benzinga reports. The firm currently has an “underweight” rating on the semiconductor company’s stock. Barclays‘s target price would indicate a potential downside of 8.17% from the stock’s previous close.

Several other analysts have also recently weighed in on KLAC. The Goldman Sachs Group increased their price target on shares of KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com initiated coverage on KLA in a report on Thursday, October 5th. They issued a “hold” rating for the company. Cantor Fitzgerald initiated coverage on KLA in a report on Tuesday. They issued a “neutral” rating and a $625.00 target price on the stock. Finally, UBS Group lifted their price target on KLA from $475.00 to $480.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $584.50.

Check Out Our Latest Stock Report on KLAC

KLA Stock Down 6.7 %

Shares of KLAC stock traded down $42.73 during trading hours on Friday, reaching $598.96. The company had a trading volume of 1,719,312 shares, compared to its average volume of 1,015,717. The business has a fifty day simple moving average of $568.21 and a 200-day simple moving average of $512.34. The company has a market cap of $81.42 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. KLA has a 12 month low of $355.88 and a 12 month high of $658.78. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.21 and a quick ratio of 1.42.

KLA (NASDAQ:KLACGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. KLA had a return on equity of 119.24% and a net margin of 30.51%. KLA’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.38 EPS. On average, research analysts expect that KLA will post 23.2 earnings per share for the current fiscal year.

Institutional Trading of KLA

Several large investors have recently bought and sold shares of KLAC. Fortitude Family Office LLC bought a new position in shares of KLA during the fourth quarter worth about $25,000. Resurgent Financial Advisors LLC bought a new stake in shares of KLA during the 4th quarter valued at $25,000. Northwest Capital Management Inc bought a new stake in shares of KLA during the 2nd quarter valued at $26,000. OFI Invest Asset Management purchased a new position in KLA during the third quarter worth about $26,000. Finally, Operose Advisors LLC purchased a new position in shares of KLA in the 3rd quarter worth about $26,000. 85.49% of the stock is owned by institutional investors and hedge funds.

KLA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for KLA (NASDAQ:KLAC)

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