KLA (NASDAQ:KLAC) Price Target Raised to $850.00 at Deutsche Bank Aktiengesellschaft

KLA (NASDAQ:KLAC) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $725.00 to $850.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 14.49% from the company’s current price.

KLAC has been the topic of several other reports. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price on the stock in a report on Monday, January 13th. Morgan Stanley reduced their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. TD Cowen dropped their target price 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, UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $817.74.

KLA Price Performance

Shares of KLA stock opened at $742.43 on Friday. The firm has a fifty day moving average price of $671.76 and a two-hundred day moving average price of $718.50. 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 current ratio of 2.13 and a quick ratio of 1.48. The company has a market cap of $99.31 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27.

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

Hedge Funds Weigh In On KLA

Several institutional investors and hedge funds have recently modified their holdings of KLAC. CVA Family Office LLC lifted its holdings in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 13 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the last quarter. Marcum Wealth LLC grew its stake in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 15 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during 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.