Susquehanna Lowers KLA (NASDAQ:KLAC) Price Target to $675.00

KLA (NASDAQ:KLAC) had its price objective lowered by analysts at Susquehanna from $680.00 to $675.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s price target would suggest a potential downside of 16.02% from the company’s current price.

A number of other research firms also recently commented on KLAC. JPMorgan Chase & Co. lifted their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Argus lifted their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. UBS Group reduced their target price on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, TD Cowen lifted their price objective on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Stock Performance

Shares of KLA stock opened at $803.73 on Friday. KLA has a one year low of $452.01 and a one year high of $896.32. The company has a market cap of $108.21 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 1.60 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The business’s 50 day moving average price is $771.73 and its 200 day moving average price is $763.84.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $5.40 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that KLA will post 29.13 EPS for the current year.

Insider Transactions at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of KLA

Institutional investors and hedge funds have recently made changes to their positions in the company. Cedar Wealth Management LLC lifted its holdings in shares of KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares during the last quarter. Family Firm Inc. purchased a new stake in KLA during the 2nd quarter valued at approximately $30,000. 1620 Investment Advisors Inc. acquired a new stake in KLA during the 2nd quarter worth approximately $44,000. LRI Investments LLC acquired a new stake in KLA during the 1st quarter worth approximately $45,000. Finally, OFI Invest Asset Management lifted its position in KLA by 29.8% during the 1st quarter. OFI Invest Asset Management now owns 74 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 17 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.