KLA (NASDAQ:KLAC) Price Target Raised to $1,170.00 at Cantor Fitzgerald

KLA (NASDAQ:KLAC) had its price target increased by Cantor Fitzgerald from $950.00 to $1,170.00 in a report published on Wednesday,MarketScreener reports. The firm currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also issued reports on KLAC. Citigroup raised their target price on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Morgan Stanley set a $1,093.00 target price on shares of KLA and gave the stock an “equal weight” rating in a research report on Monday, September 22nd. Wall Street Zen lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. The Goldman Sachs Group began coverage on shares of KLA in a research report on Thursday, July 10th. They set a “neutral” rating and a $980.00 target price on the stock. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $920.00 target price (up from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $950.00.

KLA Stock Performance

Shares of KLA stock opened at $1,101.55 on Wednesday. The firm has a market capitalization of $145.05 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.42 and a beta of 1.50. KLA has a 52 week low of $551.33 and a 52 week high of $1,155.00. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The firm’s 50 day moving average is $948.08 and its two-hundred day moving average is $837.30.

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

KLA Dividend Announcement

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

Insider Activity at KLA

In other KLA news, insider Ahmad A. Khan sold 13,716 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the sale, the insider directly owned 27,372 shares in the company, valued at approximately $24,128,418. The trade was a 33.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the sale, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. The trade was a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,566 shares of company stock worth $29,313,522 in the last three months. Insiders own 91.48% of the company’s stock.

Institutional Investors Weigh In On KLA

Institutional investors have recently made changes to their positions in the stock. Activest Wealth Management boosted its position in shares of KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Ulland Investment Advisors LLC purchased a new stake in shares of KLA during the 2nd quarter worth $32,000. Alpine Bank Wealth Management purchased a new stake in shares of KLA during the 1st quarter worth $35,000. Olde Wealth Management LLC purchased a new stake in shares of KLA during the 1st quarter worth $36,000. Finally, Saudi Central Bank purchased a new stake in shares of KLA during the 1st quarter worth $36,000. 86.65% of the stock is currently owned by hedge funds and other 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.