Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for KLA (NASDAQ:KLAC) Stock Price

KLA (NASDAQ:KLAC) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $890.00 to $750.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.41% from the stock’s current price.

Several other research firms also recently commented on KLAC. Stifel Nicolaus upped their price target on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group reduced their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $750.00 to $850.00 in a report on Thursday. Wells Fargo & Company reduced their price objective on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group increased their price objective on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $805.29.

KLA Stock Performance

NASDAQ KLAC opened at $691.80 on Thursday. The company has a fifty day moving average of $749.77 and a two-hundred day moving average of $763.63. The company has a market capitalization of $93.14 billion, a PE ratio of 36.24, a P/E/G ratio of 1.69 and a beta of 1.27. KLA has a 1 year low of $453.50 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.74 EPS. As a group, analysts expect that KLA will post 29.07 earnings per share for the current year.

Insider Buying and Selling at KLA

In other news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction dated 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 directly owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,873 shares of company stock valued at $14,532,193. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cedar Wealth Management LLC increased its position 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 buying an additional 17 shares in the last quarter. Family Firm Inc. purchased a new stake in KLA during the 2nd quarter worth about $30,000. 1620 Investment Advisors Inc. acquired a new position in KLA in the 2nd quarter valued at about $44,000. LRI Investments LLC purchased a new position in KLA in the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC acquired a new stake in shares of KLA during the 2nd quarter worth about $53,000. 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.