KLA (NASDAQ:KLAC) Given New $850.00 Price Target at Deutsche Bank Aktiengesellschaft

KLA (NASDAQ:KLAC) had its price target lifted by Deutsche Bank Aktiengesellschaft from $725.00 to $850.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

KLAC has been the subject of several other research reports. Wells Fargo & Company dropped their price target on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a research note on Monday, January 13th. Finally, UBS Group boosted their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.32.

KLA Price Performance

Shares of NASDAQ KLAC opened at $738.24 on Friday. The stock has a market cap of $98.75 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. KLA has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a fifty day moving average of $673.99 and a 200-day moving average of $718.67.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. Equities research analysts anticipate that KLA will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is 31.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC bought a new position in KLA during the 3rd quarter valued at approximately $29,000. Groupama Asset Managment increased its position in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new position in KLA during the 3rd quarter valued at approximately $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA during the 4th quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in KLA during the 4th quarter valued at approximately $47,000. Institutional investors own 86.65% of the company’s stock.

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.