Trilogy Capital Inc. Boosts Stake in KLA Co. (NASDAQ:KLAC)

Trilogy Capital Inc. grew its holdings in KLA Co. (NASDAQ:KLAC) by 52.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,730 shares of the semiconductor company’s stock after buying an additional 1,284 shares during the period. Trilogy Capital Inc.’s holdings in KLA were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KLAC. Legacy Investment Solutions LLC purchased a new stake in shares of KLA in the third quarter worth approximately $29,000. Groupama Asset Managment boosted its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of KLA during the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new stake in shares of KLA during the 3rd quarter valued at $53,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of KLA during the third quarter worth about $56,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and increased their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Morgan Stanley increased their target price on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Susquehanna raised their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Up 1.3 %

Shares of KLA stock opened at $759.15 on Thursday. The company has a market capitalization of $101.54 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 1 year low of $595.86 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The business has a 50 day moving average price of $680.23 and a 200 day moving average price of $715.91.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts anticipate that KLA Co. will post 30.8 EPS for the current fiscal 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.