KLA (NASDAQ:KLAC) Price Target Raised to $1,350.00

KLA (NASDAQ:KLAC) had its price objective upped by Cantor Fitzgerald from $1,170.00 to $1,350.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on KLAC. Rothschild & Co Redburn increased their target price on KLA from $800.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wolfe Research increased their price objective on shares of KLA from $1,075.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company raised their price objective on shares of KLA from $1,115.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Thursday. TD Cowen upped their target price on shares of KLA from $900.00 to $1,300.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Twelve analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, KLA presently has an average rating of “Hold” and an average target price of $1,228.29.

KLA Price Performance

Shares of NASDAQ KLAC opened at $1,208.74 on Thursday. The company has a 50 day simple moving average of $1,037.12 and a two-hundred day simple moving average of $902.87. KLA has a fifty-two week low of $551.33 and a fifty-two week high of $1,284.47. The company has a market capitalization of $159.17 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 3.56 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 (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the firm posted $7.33 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. Analysts expect that KLA will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $1.90 dividend. The ex-dividend date was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio (DPR) is currently 25.01%.

Insider Buying and Selling

In related news, insider Ahmad A. Khan sold 13,716 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the sale, the insider owned 27,372 shares in the company, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction 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. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,566 shares of company stock worth $29,313,522. 91.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of KLA during the 1st quarter valued at about $348,822,000. Goldman Sachs Group Inc. grew its position in KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company’s stock valued at $1,259,543,000 after buying an additional 404,634 shares during the period. Amundi increased its holdings in KLA by 18.0% during the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after buying an additional 251,339 shares during the last quarter. Impax Asset Management Group plc raised its position in KLA by 53.3% in the first quarter. Impax Asset Management Group plc now owns 389,834 shares of the semiconductor company’s stock worth $264,343,000 after acquiring an additional 135,469 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of KLA by 9.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company’s stock worth $1,078,526,000 after acquiring an additional 131,620 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Company Profile

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.