KLA (NASDAQ:KLAC) Price Target Raised to $748.00

KLA (NASDAQ:KLAC) had its target price boosted by Morgan Stanley from $703.00 to $748.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor company’s stock.

Several other research firms also recently commented on KLAC. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Susquehanna raised their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Barclays raised their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Up 1.3 %

KLA stock opened at $759.15 on Monday. KLA has a twelve month low of $595.86 and a twelve month high of $896.32. The firm has a 50 day moving average price of $680.23 and a 200-day moving average price of $715.91. The company has a market capitalization of $100.88 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts predict that KLA will post 30.8 EPS for the current year.

Hedge Funds Weigh In On KLA

A number of large investors have recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC purchased a new position in KLA in the 3rd quarter worth $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the fourth quarter valued at about $32,000. Groupama Asset Managment increased its position in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of KLA in the third quarter valued at about $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA in the fourth quarter valued at about $43,000. 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.