KLA (NASDAQ:KLAC) Price Target Raised to $1,100.00

KLA (NASDAQ:KLAC) had its price target raised by Rothschild & Co Redburn from $800.00 to $1,100.00 in a report published on Wednesday morning,MarketScreener reports. Rothschild & Co Redburn currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also commented on KLAC. TD Cowen raised their price target on KLA from $800.00 to $900.00 and gave the company a “hold” rating in a report on Friday, August 1st. Barclays raised their price target on KLA from $590.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Raymond James Financial reissued an “outperform” rating and set a $950.00 price target (up from $850.00) on shares of KLA in a report on Friday, August 1st. Morgan Stanley set a $1,093.00 target price on KLA and gave the stock an “equal weight” rating in a report on Monday, September 22nd. Finally, The Goldman Sachs Group began coverage on KLA in a report on Thursday, July 10th. They set a “neutral” rating and a $980.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $950.00.

KLA Price Performance

Shares of KLAC opened at $1,101.55 on Wednesday. The firm has a market capitalization of $145.05 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. KLA has a one year low of $551.33 and a one year high of $1,155.00. The stock’s fifty day moving average is $948.08 and its 200-day moving average is $837.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities analysts anticipate that KLA will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 18th. KLA’s payout ratio is presently 25.01%.

Insider Buying and Selling

In related news, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the transaction, the insider owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This represents a 41.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,566 shares of company stock valued at $29,313,522. 91.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KLA

Institutional investors have recently bought and sold shares of the stock. Activest Wealth Management increased its stake in KLA by 4,100.0% in the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Ulland Investment Advisors LLC purchased a new position in KLA in the 2nd quarter worth about $32,000. Alpine Bank Wealth Management purchased a new position in KLA in the 1st quarter worth about $35,000. Olde Wealth Management LLC purchased a new position in KLA in the 1st quarter worth about $36,000. Finally, Saudi Central Bank purchased a new position in KLA in the 1st quarter worth about $36,000. Hedge funds and other 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.