KLA (KLAC) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for KLA (NASDAQ: KLAC):

• 11/1/2024 – KLA was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/31/2024 – KLA was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $850.00 price target on the stock, up previously from $750.00.
• 10/31/2024 – KLA had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/31/2024 – KLA had its price target lowered by analysts at TD Cowen from $760.00 to $725.00. They now have a “hold” rating on the stock.
• 10/31/2024 – KLA had its price target lowered by analysts at Barclays PLC from $800.00 to $750.00. They now have an “equal weight” rating on the stock.
• 10/31/2024 – KLA had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $890.00 to $750.00. They now have a “buy” rating on the stock.
• 10/11/2024 – KLA had its price target lowered by analysts at Susquehanna from $680.00 to $675.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – KLA had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $925.00 price target on the stock.
• 10/3/2024 – KLA had its price target lowered by analysts at Wells Fargo & Company from $950.00 to $870.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – KLA had its price target lowered by analysts at Cantor Fitzgerald from $950.00 to $925.00. They now have a “neutral” rating on the stock.
• 9/25/2024 – KLA is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating and a $750.00 price target on the stock.
• 9/16/2024 – KLA had its price target lowered by analysts at Citigroup Inc. from $960.00 to $900.00. They now have a “buy” rating on the stock.

KLA Trading Down 3.0 %

Shares of NASDAQ:KLAC traded down $20.23 during midday trading on Wednesday, reaching $644.55. 1,369,392 shares of the company’s stock were exchanged, compared to its average volume of 957,639. The firm’s 50 day simple moving average is $726.46 and its two-hundred day simple moving average is $764.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The stock has a market cap of $86.22 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 1.40 and a beta of 1.29. KLA Co. has a fifty-two week low of $527.11 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $5.74 EPS. As a group, sell-side analysts forecast that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio (DPR) is 26.48%.

Hedge Funds Weigh In On KLA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Avestar Capital LLC boosted its holdings in KLA by 82.9% during the 3rd quarter. Avestar Capital LLC now owns 1,542 shares of the semiconductor company’s stock valued at $1,195,000 after acquiring an additional 699 shares during the period. Brooklyn Investment Group boosted its holdings in KLA by 15.5% during the 3rd quarter. Brooklyn Investment Group now owns 478 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 64 shares during the period. Quantbot Technologies LP purchased a new position in KLA during the 3rd quarter valued at about $16,985,000. D.A. Davidson & CO. boosted its holdings in KLA by 1.8% during the 3rd quarter. D.A. Davidson & CO. now owns 3,769 shares of the semiconductor company’s stock valued at $2,919,000 after acquiring an additional 66 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in KLA during the 3rd quarter valued at about $1,515,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

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.