KLA Co. (NASDAQ:KLAC) has been assigned an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $313.00.
A number of analysts have issued reports on KLAC shares. Zacks Investment Research raised KLA from a “hold” rating to a “buy” rating and set a $341.00 price target on the stock in a research note on Tuesday, April 20th. KeyCorp reissued a “buy” rating and issued a $369.00 price target on shares of KLA in a research note on Thursday. Citigroup raised their price target on KLA from $360.00 to $380.00 in a research note on Monday, April 19th. Deutsche Bank Aktiengesellschaft raised KLA from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Tuesday. Finally, Credit Suisse Group raised their price target on KLA from $325.00 to $380.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 27th.
Shares of KLAC traded up $0.53 during trading hours on Tuesday, reaching $319.84. 4,725 shares of the company traded hands, compared to its average volume of 1,300,800. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.66 and a quick ratio of 1.95. The company has a market cap of $49.03 billion, a PE ratio of 26.79, a PEG ratio of 1.62 and a beta of 1.23. KLA has a fifty-two week low of $171.31 and a fifty-two week high of $359.69. The company’s fifty day moving average price is $321.37.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Monday, May 17th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.13%. KLA’s payout ratio is currently 34.78%.
In other KLA news, CEO Richard P. Wallace sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $309.95, for a total transaction of $4,649,250.00. Following the completion of the sale, the chief executive officer now owns 61,906 shares in the company, valued at approximately $19,187,764.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary B. Moore acquired 377 shares of the stock in a transaction on Tuesday, May 11th. The shares were acquired at an average price of $301.02 per share, with a total value of $113,484.54. Following the purchase, the director now owns 12,017 shares in the company, valued at $3,617,357.34. The disclosure for this purchase can be found here. Company insiders own 0.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in KLA by 1.0% during the 1st quarter. BlackRock Inc. now owns 12,242,970 shares of the semiconductor company’s stock valued at $4,045,079,000 after purchasing an additional 122,570 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of KLA by 11.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,041,578 shares of the semiconductor company’s stock worth $1,335,337,000 after acquiring an additional 425,090 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of KLA by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,623,238 shares of the semiconductor company’s stock worth $1,197,123,000 after acquiring an additional 65,980 shares in the last quarter. FMR LLC grew its position in shares of KLA by 1.3% in the 4th quarter. FMR LLC now owns 3,565,710 shares of the semiconductor company’s stock worth $923,198,000 after acquiring an additional 47,273 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of KLA by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 2,765,326 shares of the semiconductor company’s stock worth $911,493,000 after acquiring an additional 100,019 shares in the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.
KLA Company Profile
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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