Elm3 Financial Group LLC Invests $361,000 in KLA Co. (NASDAQ:KLAC)

Elm3 Financial Group LLC purchased a new stake in KLA Co. (NASDAQ:KLACFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 573 shares of the semiconductor company’s stock, valued at approximately $361,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Advocates Investment Management increased its position in shares of KLA by 16.1% in the fourth quarter. Financial Advocates Investment Management now owns 693 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 96 shares in the last quarter. Caitlin John LLC boosted its stake in KLA by 2.4% in the 4th quarter. Caitlin John LLC now owns 3,452 shares of the semiconductor company’s stock worth $2,175,000 after purchasing an additional 80 shares during the period. Trilogy Capital Inc. grew its position in KLA by 52.5% during the 4th quarter. Trilogy Capital Inc. now owns 3,730 shares of the semiconductor company’s stock worth $2,351,000 after purchasing an additional 1,284 shares in the last quarter. Optimist Retirement Group LLC raised its stake in KLA by 1.4% during the 4th quarter. Optimist Retirement Group LLC now owns 3,060 shares of the semiconductor company’s stock valued at $1,928,000 after purchasing an additional 43 shares during the period. Finally, Tectonic Advisors LLC lifted its holdings in shares of KLA by 19.3% in the fourth quarter. Tectonic Advisors LLC now owns 2,823 shares of the semiconductor company’s stock valued at $1,779,000 after purchasing an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. TD Cowen decreased their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Needham & Company LLC upped their target price 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. Finally, Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $831.68.

Read Our Latest Analysis on KLA

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $759.15 on Thursday. 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’s fifty day moving average price is $680.23 and its two-hundred day moving average price is $715.91. KLA Co. has a fifty-two week low of $595.86 and a fifty-two week high of $896.32. The stock has a market capitalization of $101.54 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLACGet Free Report) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. As a group, analysts predict that KLA Co. will post 30.8 EPS for the current fiscal year.

About KLA

(Free Report)

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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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