KLA (KLAC) Receives a Hold from Susquehanna

In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on KLA (KLACResearch Report), with a price target of $380.00. The company’s shares closed last Friday at $348.16, close to its 52-week high of $359.69.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 12.7% and a 57.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KLA with a $382.80 average price target, a 12.8% upside from current levels. In a report issued on July 30, Cowen & Co. also maintained a Hold rating on the stock with a $355.00 price target.

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The company has a one-year high of $359.69 and a one-year low of $171.31. Currently, KLA has an average volume of 1.09M.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KLAC in relation to earlier this year.

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KLA Corp. is a California-based company, which is engaged in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, compound semiconductors and wafer processing solutions.