KLA (NASDAQ:KLAC) Given New $875.00 Price Target at Cantor Fitzgerald

KLA (NASDAQ:KLAC) had its target price raised by Cantor Fitzgerald from $800.00 to $875.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 14.23% from the stock’s previous close.

Several other research analysts also recently issued reports on KLAC. Barclays boosted their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company lifted their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna lifted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Morgan Stanley decreased their target price on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $826.42.

KLA Stock Performance

Shares of NASDAQ:KLAC traded up $23.57 during midday trading on Friday, hitting $766.00. The company’s stock had a trading volume of 446,223 shares, compared to its average volume of 1,245,150. KLA has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market capitalization of $102.46 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.54 and a beta of 1.27. The stock’s 50 day simple moving average is $673.99 and its 200 day simple moving average is $718.67.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, research analysts anticipate that KLA will post 30.34 earnings per share for the current year.

Institutional Investors Weigh In On KLA

Institutional investors have recently modified their holdings of the business. State Street Corp raised its position in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after acquiring an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. Geode Capital Management LLC raised its position in shares of KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the period. Van ECK Associates Corp boosted its stake in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its holdings in KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after purchasing an additional 49,470 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

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.