Deutsche Bank Aktiengesellschaft Issues Positive Forecast for KLA (NASDAQ:KLAC) Stock Price

KLA (NASDAQ:KLAC) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $725.00 to $850.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Wells Fargo & Company cut their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group cut their target price on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a research report on Monday, January 13th. Finally, TD Cowen dropped their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $829.32.

KLA Stock Performance

KLAC opened at $738.24 on Friday. The business has a fifty day simple moving average of $673.99 and a 200 day simple moving average of $718.67. The company has a market capitalization of $98.75 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. KLA has a 1 year low of $581.70 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

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

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. KLA’s dividend payout ratio is presently 31.05%.

Institutional Investors Weigh In On KLA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of KLA by 48.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,902 shares of the semiconductor company’s stock valued at $3,719,000 after purchasing an additional 1,922 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in shares of KLA by 28.9% during the 4th quarter. Valley Wealth Managers Inc. now owns 802 shares of the semiconductor company’s stock valued at $505,000 after purchasing an additional 180 shares in the last quarter. Beta Wealth Group Inc. boosted its position in shares of KLA by 33.2% during the 4th quarter. Beta Wealth Group Inc. now owns 658 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 164 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in KLA by 2.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,032 shares of the semiconductor company’s stock worth $11,362,000 after acquiring an additional 462 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in KLA by 17.5% in the fourth quarter. D.A. Davidson & CO. now owns 4,429 shares of the semiconductor company’s stock worth $2,791,000 after acquiring an additional 660 shares in the last quarter. Institutional investors 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.