KLA (NASDAQ:KLAC) Price Target Raised to $1,115.00

KLA (NASDAQ:KLAC) had its price objective boosted by Wells Fargo & Company from $920.00 to $1,115.00 in a research report sent to investors on Thursday morning,MarketScreener reports. They currently have an equal weight rating on the semiconductor company’s stock.

KLAC has been the subject of a number of other research reports. Wall Street Zen downgraded KLA from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Oppenheimer increased their target price on KLA from $740.00 to $950.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Raymond James Financial reissued an “outperform” rating and set a $950.00 price target (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Cantor Fitzgerald lifted their price target on shares of KLA from $950.00 to $1,170.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays increased their price objective on shares of KLA from $590.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Seven research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $950.00.

KLA Price Performance

KLAC opened at $1,101.55 on Thursday. KLA has a twelve month low of $551.33 and a twelve month high of $1,155.00. The firm has a market cap of $145.05 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.30 and a beta of 1.50. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $948.08 and a 200 day simple moving average of $838.11.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating analysts’ consensus estimates of $8.53 by $0.85. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities research analysts expect that KLA will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 18th. KLA’s payout ratio is currently 25.01%.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 10,801 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares of the company’s stock, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Lorig sold 8,049 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the transaction, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. This represents a 41.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,566 shares of company stock worth $29,313,522 in the last 90 days. Corporate insiders own 91.48% of the company’s stock.

Hedge Funds Weigh In On KLA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLAC. 3Chopt Investment Partners LLC acquired a new stake in shares of KLA in the first quarter valued at $402,000. GAMMA Investing LLC raised its position in KLA by 40.1% in the first quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company’s stock worth $1,674,000 after acquiring an additional 705 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in KLA in the 1st quarter valued at about $1,479,000. Strs Ohio bought a new position in shares of KLA during the 1st quarter valued at about $26,473,000. Finally, Acadian Asset Management LLC grew its stake in shares of KLA by 37.7% in the 1st quarter. Acadian Asset Management LLC now owns 41,784 shares of the semiconductor company’s stock worth $28,400,000 after purchasing an additional 11,442 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Company Profile

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.