Wells Fargo & Company Increases KLA (NASDAQ:KLAC) Price Target to $1,250.00

KLA (NASDAQ:KLAC) had its price target hoisted by research analysts at Wells Fargo & Company from $1,115.00 to $1,250.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.41% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on KLAC. Citigroup boosted their price target on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Raymond James Financial reiterated an “outperform” rating and set a $950.00 target price (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Rothschild & Co Redburn raised their price target on KLA from $800.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Bank of America lifted their price objective on KLA from $1,000.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, TD Cowen increased their target price on KLA from $900.00 to $1,300.00 and gave the company a “hold” rating in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KLA presently has an average rating of “Hold” and a consensus target price of $1,228.29.

KLA Trading Down 0.5%

Shares of KLAC opened at $1,208.74 on Thursday. The stock’s fifty day simple moving average is $1,037.12 and its 200-day simple moving average is $901.29. The firm has a market capitalization of $159.17 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 3.56 and a beta of 1.50. KLA has a 12-month low of $551.33 and a 12-month high of $1,284.47. 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 (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share 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 firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the business posted $7.33 EPS. The company’s quarterly revenue 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 predict that KLA will post 31.59 earnings per share for the current year.

Insider Activity

In related news, insider Ahmad A. Khan sold 13,716 shares of the business’s stock in a transaction that occurred on 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 directly owned 27,372 shares in the company, valued at approximately $24,128,418. The trade was a 33.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $9,868,657.68. Following the sale, the chief executive officer directly owned 92,818 shares of the company’s stock, valued at approximately $84,805,950.24. The trade was a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,566 shares of company stock worth $29,313,522 in the last 90 days. Corporate insiders own 91.48% of the company’s stock.

Institutional Investors Weigh In On KLA

Several institutional investors have recently added to or reduced their stakes in KLAC. Bruce G. Allen Investments LLC acquired a new position in KLA in the 3rd quarter worth $59,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of KLA by 3.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 10 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of 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 buying an additional 35 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of KLA by 14.8% during the third quarter. Arkadios Wealth Advisors now owns 2,476 shares of the semiconductor company’s stock worth $2,672,000 after buying an additional 319 shares in the last quarter. Finally, Allstate Corp raised its position in KLA by 1,567.8% in the 3rd quarter. Allstate Corp now owns 4,770 shares of the semiconductor company’s stock valued at $5,145,000 after buying an additional 4,484 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

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.