KLA (NASDAQ:KLAC) Price Target Raised to $1,200.00

KLA (NASDAQ:KLAC) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $1,070.00 to $1,200.00 in a research report released on Thursday morning,MarketScreener reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley set a $1,093.00 price target on shares of KLA and gave the company an “equal weight” rating in a report on Monday, September 22nd. Wall Street Zen lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Needham & Company LLC lifted their target price on shares of KLA from $1,100.00 to $1,350.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of KLA in a report on Wednesday, October 8th. Finally, Rothschild & Co Redburn increased their price target on KLA from $800.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, KLA has an average rating of “Hold” and an average target price of $1,228.29.

KLA Trading Down 0.5%

Shares of KLAC opened at $1,208.74 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The stock has a market cap of $159.17 billion, a PE ratio of 37.95, a PEG ratio of 3.56 and a beta of 1.50. KLA has a 1 year low of $551.33 and a 1 year high of $1,284.47. The stock has a 50 day simple moving average of $1,037.12 and a 200-day simple moving average of $902.87.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.47 by $0.34. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.17 billion. KLA had a return on equity of 113.10% and a net margin of 33.83%.The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.33 earnings per share. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, sell-side analysts predict that KLA will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were issued a dividend of $1.90 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio is currently 25.01%.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 10,801 shares of KLA stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares of the company’s stock, valued at approximately $84,805,950.24. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 11,479 shares of the company’s stock, valued at approximately $10,488,132.72. The trade was a 41.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 32,566 shares of company stock worth $29,313,522. Insiders own 91.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KLAC. Kingswood Wealth Advisors LLC grew its position in shares of KLA by 3.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 271 shares of the semiconductor company’s stock worth $292,000 after buying an additional 9 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in KLA by 1.2% in the third quarter. Canandaigua National Bank & Trust Co. now owns 836 shares of the semiconductor company’s stock valued at $902,000 after acquiring an additional 10 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in KLA by 3.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 10 shares during the period. Leavell Investment Management Inc. raised its position in shares of KLA by 1.9% during the 3rd quarter. Leavell Investment Management Inc. now owns 581 shares of the semiconductor company’s stock valued at $627,000 after acquiring an additional 11 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of KLA by 1.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,224 shares of the semiconductor company’s stock valued at $1,096,000 after purchasing an additional 13 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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.