Cantor Fitzgerald Issues Positive Forecast for KLA (NASDAQ:KLAC) Stock Price

KLA (NASDAQ:KLAC) had its price target increased by research analysts at Cantor Fitzgerald from $800.00 to $875.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 14.23% from the company’s previous close.

A number of other brokerages also recently issued reports on KLAC. TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Barclays increased their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $826.42.

KLA Stock Performance

Shares of KLAC traded up $23.57 during midday trading on Friday, reaching $766.00. The stock had a trading volume of 446,223 shares, compared to its average volume of 1,245,150. 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 firm has a 50 day simple moving average of $673.99 and a 200-day simple moving average of $718.67. The firm has a market cap of $102.46 billion, a PE ratio of 35.00, a P/E/G ratio of 1.54 and a beta of 1.27. KLA has a one year low of $581.70 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that KLA will post 30.34 EPS for the current year.

Institutional Trading of KLA

Large investors have recently bought and sold shares of the company. Mizuho Securities USA LLC grew its position in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its stake in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares in the last quarter. Van ECK Associates Corp boosted its stake in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after buying an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after acquiring an additional 226,100 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

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.