KLA (NASDAQ:KLAC) Price Target Cut to $900.00

KLA ( NASDAQ:KLAC – Get Free Report ) had its price target cut by research analysts at Citigroup from $960.00 to $900.00 in a research report issued to clients and investors on Monday, Benzinga reports.

The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s target price suggests a potential upside of 21.69% from the company’s current price.



A number of other equities analysts have also issued reports on the company. Evercore ISI upped their target price on KLA from $800.00 to $900.

00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their target price on KLA from $860.00 to $950.

00 and gave the company an “overweight” rating in a report on Monday, June 17th. Cantor Fitzgerald restated a “neutral” rating and set a $950.00 price target on shares of KLA in a research report on Thursday, July 25th.

JPMorgan Chase & Co. boosted their price target on KLA from $800.00 to $950.

00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen upped their price objective on KLA from $700.00 to $760.

00 and gave the company a “hold” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.

com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $812.80. View Our Latest Research Report on KLAC KLA Stock Performance KLA ( NASDAQ:KLAC – Get Free Report ) last posted its earnings results on Wednesday, July 24th.

The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.15 by $0.

45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.

52 billion. KLA had a net margin of 28.15% and a return on equity of 103.

50%. The company’s revenue was up 9.1% on a year-over-year basis.

During the same quarter in the prior year, the company earned $5.40 EPS. On average, research analysts predict that KLA will post 29.

09 earnings per share for the current year. Insider Activity at KLA In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th.

The shares were sold at an average price of $649.84, for a total transaction 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 approximately $2,749,473.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.

01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.

29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, CAO Virendra A.

Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were 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 directly owns 4,231 shares in the company, valued at approximately $2,749,473.04.

The disclosure for this sale can be found here . Insiders have sold 20,917 shares of company stock worth $14,568,247 over the last ninety days. Company insiders own 0.

12% of the company’s stock. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of KLAC. Frazier Financial Advisors LLC acquired a new stake in shares of KLA during the 4th quarter worth about $26,000.

Cedar Wealth Management LLC grew its stake in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period.

DSM Capital Partners LLC acquired a new position in shares of KLA during the fourth quarter valued at about $28,000. Family Firm Inc. acquired a new stake in KLA in the 2nd quarter valued at $30,000.

Finally, Jones Financial Companies Lllp increased its holdings in KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter.

86.65% of the stock is owned by institutional investors and hedge funds. About KLA ( Get Free Report ) KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection. Featured Stories Five stocks we like better than KLA Comparing and Trading High PE Ratio Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 5 Top Rated Dividend Stocks to Consider Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is the Nikkei 225 index? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter .

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