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KLA Co. (NASDAQ:KLAC – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $424.16.
KLAC has been the subject of a number of analyst reports. KeyCorp boosted their price objective on KLA from $375.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Barclays reduced their price objective on KLA from $365.00 to $325.00 and set an “equal weight” rating for the company in a research report on Monday, July 25th. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. UBS Group reduced their price objective on KLA from $360.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, June 28th. Finally, Wells Fargo & Company cut their target price on KLA from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th.
Insider Transactions at KLA
In other news, EVP Oreste Donzella sold 96 shares of the business’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $320.00, for a total transaction of $30,720.00. Following the sale, the executive vice president now directly owns 35,442 shares of the company’s stock, valued at $11,341,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Oreste Donzella sold 96 shares of the business’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $320.00, for a total transaction of $30,720.00. Following the sale, the executive vice president now directly owns 35,442 shares of the company’s stock, valued at $11,341,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Virendra A. Kirloskar sold 420 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $383.71, for a total value of $161,158.20. Following the sale, the chief accounting officer now directly owns 5,651 shares in the company, valued at $2,168,345.21. The disclosure for this sale can be found here. Insiders have sold 17,916 shares of company stock valued at $6,479,343 over the last three months. Company insiders own 0.16% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of KLAC. Pacifica Partners Inc. purchased a new position in shares of KLA during the second quarter valued at $27,000. Capital Asset Advisory Services LLC purchased a new position in shares of KLA during the second quarter valued at $30,000. Wellington Shields & Co. LLC purchased a new position in shares of KLA during the second quarter valued at $32,000. Win Advisors Inc. grew its holdings in shares of KLA by 61.4% during the second quarter. Win Advisors Inc. now owns 113 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 43 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in shares of KLA during the second quarter valued at $33,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
KLA Price Performance
Shares of KLAC opened at $307.60 on Monday. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 1.00 and a beta of 1.35. The stock has a 50 day moving average of $357.20 and a 200-day moving average of $343.78. The company has a current ratio of 2.50, a quick ratio of 1.75 and a debt-to-equity ratio of 4.76. KLA has a 52 week low of $282.83 and a 52 week high of $457.12.
KLA (NASDAQ:KLAC – Get Rating) last issued its earnings results on Thursday, July 28th. The semiconductor company reported $5.81 EPS for the quarter, topping the consensus estimate of $5.46 by $0.35. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. KLA had a return on equity of 95.80% and a net margin of 36.06%. The business’s revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 EPS. As a group, analysts forecast that KLA will post 24.65 EPS for the current year.
KLA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, August 12th. This is an increase from KLA’s previous quarterly dividend of $1.05. KLA’s payout ratio is currently 23.74%.
KLA announced that its board has approved a share buyback program on Thursday, June 16th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 12.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
KLA Company Profile
(Get Rating)
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
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