Analysts’ Weekly Ratings Changes for KLA (KLAC)

A number of firms have modified their ratings and price targets on shares of KLA (NASDAQ: KLAC) recently:

  • 11/27/2019 – KLA was downgraded by analysts at UBS Group AG from a “buy” rating to a “sell” rating. They now have a $140.00 price target on the stock, down previously from $192.00.
  • 11/27/2019 – KLA is now covered by analysts at Nomura. They set a “buy” rating and a $215.00 price target on the stock.
  • 11/23/2019 – KLA was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 11/21/2019 – KLA was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $140.00 price target on the stock, down previously from $192.00.
  • 11/20/2019 – KLA is now covered by analysts at Nomura. They set a “buy” rating and a $215.00 price target on the stock.
  • 10/31/2019 – KLA had its price target raised by analysts at KeyCorp from $162.00 to $204.00. They now have an “overweight” rating on the stock.
  • 10/31/2019 – KLA had its price target raised by analysts at JPMorgan Chase & Co. from $180.00 to $200.00. They now have an “outperform” rating on the stock.
  • 10/31/2019 – KLA had its price target raised by analysts at Credit Suisse Group AG from $170.00 to $200.00. They now have an “outperform” rating on the stock.
  • 10/31/2019 – KLA had its price target raised by analysts at Cowen Inc from $170.00 to $195.00. They now have an “outperform” rating on the stock.
  • 10/29/2019 – KLA was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $184.00 price target on the stock. According to Zacks, “KLA is benefiting from growing Foundry and Logic investments remain major positives. Markedly, transition to advanced nodes and the insertion of EUV lithography are expected to drive growth in the near future. Enhanced wafer cleanliness and geometry specifications in the bare wafer market are driving demand for KLA’s wafer products. Estimates have been stable lately ahead of the company’s Q1 earnings release. The company has positive record of earnings surprises in recent quarters. The stock has outperformed the industry it belongs to on a year-to-date basis. However, it is suffering from ongoing memory pushout in the semiconductor industry, which poses a serious threat to shipments. Further, softness in a few international regions served by the company remains a concern.”

Shares of NASDAQ:KLAC opened at $161.06 on Tuesday. KLA Corporation has a 52 week low of $80.65 and a 52 week high of $179.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 2.24. The company has a market capitalization of $25.86 billion, a PE ratio of 19.04, a PEG ratio of 1.40 and a beta of 1.68. The company has a 50 day moving average price of $167.91 and a two-hundred day moving average price of $140.73.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. KLA had a net margin of 23.03% and a return on equity of 54.53%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm posted $2.46 earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, sell-side analysts forecast that KLA Corporation will post 9.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from KLA’s previous quarterly dividend of $0.75. KLA’s dividend payout ratio (DPR) is presently 40.19%.

In related news, CEO Amichai Steimberg sold 4,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $177.86, for a total transaction of $800,370.00. Also, CAO Virendra A. Kirloskar sold 632 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $175.13, for a total transaction of $110,682.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,309 shares of company stock worth $4,820,153. Corporate insiders own 0.19% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. World Asset Management Inc lifted its holdings in shares of KLA by 0.5% in the third quarter. World Asset Management Inc now owns 12,193 shares of the semiconductor company’s stock valued at $1,944,000 after purchasing an additional 65 shares in the last quarter. We Are One Seven LLC boosted its position in KLA by 2.8% during the 3rd quarter. We Are One Seven LLC now owns 2,730 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 74 shares during the last quarter. CWM LLC grew its stake in shares of KLA by 30.8% during the 3rd quarter. CWM LLC now owns 327 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 77 shares in the last quarter. Miles Capital Inc. raised its holdings in shares of KLA by 4.2% in the second quarter. Miles Capital Inc. now owns 1,922 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 78 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of KLA by 2.8% in the third quarter. Cullen Frost Bankers Inc. now owns 2,991 shares of the semiconductor company’s stock valued at $477,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 87.00% of the company’s stock.

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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