KLA (NASDAQ:KLAC) Price Target Raised to $1,500.00 at Wolfe Research

KLA (NASDAQ:KLAC) had its price objective raised by Wolfe Research from $1,250.00 to $1,500.00 in a research report released on Thursday,MarketScreener reports. The firm currently has an outperform rating on the semiconductor company’s stock.

KLAC has been the topic of several other research reports. Raymond James Financial restated an “outperform” rating and set a $950.00 target price (up from $850.00) on shares of KLA in a report on Friday, August 1st. Evercore ISI lifted their target price on KLA from $1,000.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus set a $1,260.00 price target on KLA in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $1,070.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC increased their price objective on shares of KLA from $1,100.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KLA has an average rating of “Hold” and a consensus target price of $1,238.71.

KLA Stock Down 0.5%

Shares of NASDAQ:KLAC opened at $1,208.74 on Thursday. KLA has a 52 week low of $551.33 and a 52 week high of $1,284.47. The company has a market capitalization of $159.17 billion, a PE ratio of 37.95, a PEG ratio of 3.56 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The company has a 50 day moving average price of $1,037.12 and a two-hundred day moving average price of $902.87.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.17 billion. KLA had a net margin of 33.83% and a return on equity of 113.10%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $7.33 earnings per share. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. Analysts forecast that KLA will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, August 18th. KLA’s dividend payout ratio is presently 23.86%.

Insider Activity at KLA

In other KLA news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated 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 transaction, the executive vice president directly owned 11,479 shares of the company’s stock, valued at approximately $10,488,132.72. The trade was a 41.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ahmad A. Khan sold 13,716 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the transaction, the insider owned 27,372 shares of the company’s stock, valued at $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,566 shares of company stock worth $29,313,522 in the last quarter. 91.48% of the stock is owned by insiders.

Institutional Trading of KLA

Large investors have recently bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new position in shares of KLA during the 3rd quarter worth approximately $59,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of KLA by 3.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 10 shares during the period. Root Financial Partners LLC boosted its stake in KLA by 4.7% during the third quarter. Root Financial Partners LLC now owns 786 shares of the semiconductor company’s stock worth $848,000 after acquiring an additional 35 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in KLA by 14.8% in the third quarter. Arkadios Wealth Advisors now owns 2,476 shares of the semiconductor company’s stock worth $2,672,000 after purchasing an additional 319 shares during the period. Finally, Allstate Corp grew its holdings in KLA by 1,567.8% in the third quarter. Allstate Corp now owns 4,770 shares of the semiconductor company’s stock worth $5,145,000 after purchasing an additional 4,484 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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.