KLA (KLAC) Receives a Rating Update from a Top Analyst
UBS analyst Timothy Arcuri maintained a Hold rating on KLA today and set a price target of $2,180.00.
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Arcuri covers the Technology sector, focusing on stocks such as Nvidia, Micron, and Broadcom. According to TipRanks, Arcuri has an average return of 59.8% and a 79.88% success rate on recommended stocks.
Currently, the analyst consensus on KLA is a Strong Buy with an average price target of $1,946.26.
Based on KLA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.42 billion and a net profit of $1.2 billion. In comparison, last year the company earned a revenue of $3.06 billion and had a net profit of $1.09 billion
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLAC in relation to earlier this year. Last month, Jeneanne Michelle Hanley, a Director at KLAC sold 550.00 shares for a total of $1,031,085.00.
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