KLA (NASDAQ:KLAC) Given New $725.00 Price Target at TD Cowen

KLA (NASDAQ:KLAC) had its price objective lowered by research analysts at TD Cowen from $760.00 to $725.00 in a research note issued on Thursday, FinViz reports. The firm presently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price target suggests a potential upside of 4.80% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their target price for the company from $750.00 to $850.00 in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Cantor Fitzgerald reissued a “neutral” rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Barclays raised their price objective on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $807.67.

KLA Trading Down 0.6 %

Shares of NASDAQ:KLAC opened at $691.80 on Thursday. KLA has a 52 week low of $453.50 and a 52 week high of $896.32. The company’s 50 day moving average is $749.77 and its two-hundred day moving average is $763.63. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a market cap of $93.14 billion, a PE ratio of 36.24, a P/E/G ratio of 1.69 and a beta of 1.27.

Insiders Place Their Bets

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,873 shares of company stock valued at $14,532,193. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On KLA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after buying an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after purchasing an additional 21,412 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.