KLA Co. (NASDAQ:KLAC) Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 29.0% in the third quarter, Holdings Channel.com reports. The fund owned 3,052 shares of the semiconductor company’s stock after purchasing an additional 686 shares during the period. Foster & Motley Inc.’s holdings in KLA were worth $2,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KLAC. Family Firm Inc. acquired a new stake in shares of KLA during the second quarter worth about $30,000. Cedar Wealth Management LLC grew its stake in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA during the second quarter worth $44,000. LRI Investments LLC acquired a new stake in shares of KLA in the first quarter valued at $46,000. Finally, Olistico Wealth LLC purchased a new position in KLA in the second quarter valued at $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. UBS Group decreased their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Susquehanna dropped their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Price Performance

Shares of KLAC opened at $669.66 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average is $735.90 and its two-hundred day moving average is $763.89. KLA Co. has a twelve month low of $498.57 and a twelve month high of $896.32. The firm has a market capitalization of $89.57 billion, a PE ratio of 30.58, a P/E/G ratio of 1.40 and a beta of 1.29.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.74 earnings per share. Research analysts anticipate that KLA Co. will post 30.91 earnings per share for the current year.

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.