KLA (NASDAQ:KLAC) Price Target Raised to $1,214.00

Morgan Stanley raised KLA's price target from $1,154 to $1,214, maintaining an "equal weight" rating. Other analysts also increased their targets, with Needham & Company, Citic Securities, and Cantor Fitzgerald setting targets at $1,350. JPMorgan Chase & Co. gave an "overweight" rating with a target of $1,485. KLA's stock opened at $1,184, with a market cap of $155.57 billion. The company reported strong quarterly earnings, with EPS of $8.81, surpassing estimates. CEO Richard P. Wallace sold shares worth $12.99 million.

KLA (NASDAQ:KLAC - Get Free Report) had its target price lifted by analysts at Morgan Stanley from $1,154.00 to $1,214.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an "equal weight" rating on the semiconductor company's stock. Morgan Stanley's target price indicates a potential upside of 2.53% from the company's previous close.

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Other analysts also recently issued reports about the stock. Needham & Company LLC raised their target price on shares of KLA from $1,100.00 to $1,350.00 and gave the stock a "buy" rating in a report on Thursday, October 30th. Citic Securities raised their price objective on shares of KLA from $950.00 to $1,350.00 in a report on Friday, November 7th. Stifel Nicolaus set a $1,260.00 price objective on shares of KLA in a research report on Thursday, October 30th. Cantor Fitzgerald upped their target price on shares of KLA from $1,170.00 to $1,350.00 and gave the stock a "neutral" rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on KLA from $1,070.00 to $1,485.00 and gave the company an "overweight" rating in a research note on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,243.81.

View Our Latest Research Report on KLA

KLA Stock Performance

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KLAC stock opened at $1,184.00 on Tuesday. The business's 50-day moving average price is $1,135.57 and its two-hundred day moving average price is $973.96. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The firm has a market cap of $155.57 billion, a PE ratio of 37.19, a P/E/G ratio of 3.56 and a beta of 1.52. KLA has a 1-year low of $551.33 and a 1-year high of $1,284.47.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the company earned $7.33 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. As a group, research analysts forecast that KLA will post 31.59 earnings per share for the current year.

Insider Activity

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In related news, CEO Richard P. Wallace sold 10,803 shares of KLA stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $1,203.10, for a total value of $12,997,089.30. Following the sale, the chief executive officer owned 81,211 shares of the company's stock, valued at approximately $97,704,954.10. The trade was a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 91.48% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company's stock worth $9,221,230,000 after purchasing an additional 80,154 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after buying an additional 404,634 shares during the last quarter. Amundi raised its position in KLA by 18.0% during the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company's stock worth $1,026,983,000 after acquiring an additional 251,339 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in KLA by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 890,607 shares of the semiconductor company's stock valued at $605,435,000 after acquiring an additional 33,551 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in KLA by 19.7% in the first quarter. JPMorgan Chase & Co. now owns 605,424 shares of the semiconductor company's stock valued at $411,568,000 after acquiring an additional 99,515 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

About KLA

(Get Free Report)

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.

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