KLA (NASDAQ:KLAC) Given New $1,115.00 Price Target at Wells Fargo & Company

KLA (NASDAQ:KLAC) had its price target lifted by Wells Fargo & Company from $920.00 to $1,115.00 in a research note published on Thursday morning,MarketScreener reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

Several other research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Cantor Fitzgerald lifted their price objective on shares of KLA from $950.00 to $1,170.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup raised their target price on KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Morgan Stanley set a $1,093.00 price target on KLA and gave the company an “equal weight” rating in a research report on Monday, September 22nd. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $950.00.

KLA Stock Down 3.3%

Shares of KLA stock opened at $1,101.55 on Thursday. The stock’s fifty day moving average is $948.08 and its 200-day moving average is $838.11. The firm has a market capitalization of $145.05 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. KLA has a 12-month low of $551.33 and a 12-month high of $1,155.00.

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

KLA Dividend Announcement

The company also recently disclosed 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 0.7%. The ex-dividend date was Monday, August 18th. KLA’s payout ratio is presently 25.01%.

Insider Activity at KLA

In other news, EVP Brian Lorig sold 8,049 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the sale, the executive vice president directly owned 11,479 shares of the company’s stock, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of KLA 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 completion of the transaction, the insider owned 27,372 shares in the company, valued at $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,566 shares of company stock worth $29,313,522. 91.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KLAC. Nuveen LLC acquired a new position in shares of KLA during the first quarter worth approximately $348,822,000. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 404,634 shares during the period. Amundi raised its stake in KLA by 18.0% during the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after purchasing an additional 251,339 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in KLA by 53.3% in the 1st quarter. Impax Asset Management Group plc now owns 389,834 shares of the semiconductor company’s stock valued at $264,343,000 after purchasing an additional 135,469 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in KLA by 9.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company’s stock worth $1,078,526,000 after purchasing an additional 131,620 shares during the last quarter. 86.65% of the stock is owned by 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.