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KLA (KLAC) Received its Third Buy in a Row

After Jefferies and Bank of America Securities gave KLA (NASDAQ: KLAC) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Mehdi Hosseini reiterated a Buy rating on KLA today and set a price target of $510.00. The company’s shares closed last Thursday at $361.80.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 11.1% and a 53.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

KLA has an analyst consensus of Moderate Buy, with a price target consensus of $473.47, implying a 26.0% upside from current levels. In a report issued on January 14, Jefferies also maintained a Buy rating on the stock with a $515.00 price target.

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The company has a one-year high of $457.12 and a one-year low of $273.24. Currently, KLA has an average volume of 1.37M.

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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.

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