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

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

A number of other brokerages also recently weighed in on KLAC. Barclays upped their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company cut their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Citigroup cut their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, UBS Group cut their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $807.67.

KLA Trading Down 0.6 %

Shares of KLA stock opened at $691.80 on Thursday. The firm has a 50-day simple moving average of $749.77 and a two-hundred day simple moving average of $763.63. The company has a market cap of $93.14 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. KLA has a fifty-two week low of $453.50 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15.

Insider Activity

In other news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock valued at $14,532,193 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On KLA

Large investors have recently made changes to their positions in the stock. Swedbank AB acquired a new stake in KLA during the 1st quarter worth approximately $379,678,000. International Assets Investment Management LLC lifted its holdings in KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 buying an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after buying an additional 235,597 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after buying an additional 192,849 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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.