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KLA (NASDAQ:KLAC – Get Rating) was upgraded by equities research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Sunday, The Fly reports.
A number of other analysts have also recently commented on the company. Berenberg Bank lifted their price objective on KLA from $470.00 to $545.00 in a research report on Tuesday, January 18th. Stifel Nicolaus lifted their price objective on KLA from $440.00 to $450.00 in a research report on Friday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $420.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, December 15th. Barclays lifted their price objective on KLA from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 12th. Finally, Morgan Stanley decreased their price target on KLA from $431.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Friday, January 28th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $451.10.
Shares of KLAC stock traded up $0.55 during mid-day trading on Friday, reaching $366.44. The stock had a trading volume of 942,110 shares, compared to its average volume of 1,455,727. KLA has a 12-month low of $285.89 and a 12-month high of $457.12. The company has a market cap of $55.23 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.26. The business has a 50-day simple moving average of $362.63 and a 200 day simple moving average of $378.60. The company has a current ratio of 2.41, a quick ratio of 1.76 and a debt-to-equity ratio of 0.85. (adsbygoogle = window.adsbygoogle || []).push({});
KLA (NASDAQ:KLAC – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The semiconductor company reported $5.59 earnings per share for the quarter, beating analysts’ consensus estimates of $5.43 by $0.16. KLA had a return on equity of 79.07% and a net margin of 36.57%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the business posted $3.24 earnings per share. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. Research analysts anticipate that KLA will post 20.47 EPS for the current year.
In other KLA news, CFO Bren D. Higgins sold 1,418 shares of KLA stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $355.06, for a total transaction of $503,475.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of KLA in the 4th quarter valued at approximately $598,653,000. C2C Wealth Management LLC bought a new stake in shares of KLA in the 4th quarter valued at approximately $401,488,000. 1832 Asset Management L.P. boosted its position in KLA by 53,951.8% during the 4th quarter. 1832 Asset Management L.P. now owns 584,300 shares of the semiconductor company’s stock valued at $252,104,000 after purchasing an additional 583,219 shares during the period. Maj Invest Holding A S acquired a new position in KLA during the 4th quarter valued at approximately $241,793,000. Finally, Assenagon Asset Management S.A. boosted its position in KLA by 699.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 336,568 shares of the semiconductor company’s stock valued at $144,761,000 after purchasing an additional 294,487 shares during the period. Institutional investors own 86.67% of the company’s stock.
About KLA (Get Rating)
KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments: Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection, and Other.
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