KLA Co. (NASDAQ:KLAC) Given Consensus Rating of "Moderate Buy" by Brokerages – MarketBeat

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KLA Co. (NASDAQ:KLACGet 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:KLACGet 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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Analyst Recommendations for KLA (NASDAQ:KLAC)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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