KLA (NASDAQ:KLAC) Given New $875.00 Price Target at Cantor Fitzgerald

KLA (NASDAQ:KLAC) had its price objective lifted by Cantor Fitzgerald from $800.00 to $875.00 in a research report sent to investors on Friday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for KLA’s FY2025 earnings at $31.62 EPS.

Several other analysts have also issued reports on the stock. Morgan Stanley cut their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, TD Cowen cut their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $829.32.

KLA Stock Performance

Shares of KLAC stock opened at $738.24 on Friday. KLA has a 12 month low of $581.70 and a 12 month high of $896.32. The company’s fifty day simple moving average is $675.96 and its 200-day simple moving average is $717.84. The firm has a market cap of $98.75 billion, a PE ratio of 33.71, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Equities research analysts expect that KLA will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s payout ratio is currently 31.05%.

Institutional Trading of KLA

Large investors have recently modified their holdings of the stock. Algert Global LLC bought a new position in KLA in the 2nd quarter valued at about $239,000. Cetera Investment Advisers increased its stake in KLA by 5.0% in the second quarter. Cetera Investment Advisers now owns 27,178 shares of the semiconductor company’s stock valued at $22,409,000 after acquiring an additional 1,300 shares during the last quarter. Czech National Bank raised its position in KLA by 6.7% during the third quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after purchasing an additional 1,726 shares in the last quarter. HBW Advisory Services LLC lifted its stake in KLA by 42.5% during the third quarter. HBW Advisory Services LLC now owns 781 shares of the semiconductor company’s stock worth $605,000 after purchasing an additional 233 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of KLA by 294.3% in the 3rd quarter. Quent Capital LLC now owns 138 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 103 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

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.