KLA Co. (NASDAQ:KLAC) Position Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,268 shares of the semiconductor company’s stock after acquiring an additional 654 shares during the period. Wilmington Savings Fund Society FSB’s holdings in KLA were worth $12,141,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its stake in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 1.9 %

Shares of NASDAQ KLAC opened at $747.70 on Friday. The business has a 50-day moving average price of $685.36 and a two-hundred day moving average price of $716.53. KLA Co. has a one year low of $608.16 and a one year high of $896.32. The firm has a market capitalization of $99.36 billion, a PE ratio of 31.44, a PEG ratio of 1.54 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research reports. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Profile

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.