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

Foster & Motley Inc. increased its position in shares of KLA Co. (NASDAQ:KLAC) by 29.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,052 shares of the semiconductor company’s stock after purchasing an additional 686 shares during the quarter. Foster & Motley Inc.’s holdings in KLA were worth $2,363,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Swedbank AB raised its stake in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the last quarter. Community Financial Services Group LLC grew its holdings in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares during the period. Eastern Bank raised its position in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Sei Investments Co. lifted its holdings in KLA by 16.0% in the first quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock valued at $53,756,000 after acquiring an additional 10,594 shares during the period. Finally, Generate Investment Management Ltd boosted its position in KLA by 39.0% in the 3rd quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after purchasing an additional 1,651 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KLAC. Stifel Nicolaus boosted their target price on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Wells Fargo & Company decreased their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group raised their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Barclays lowered their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group cut their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Stock Down 0.1 %

Shares of KLAC opened at $669.66 on Thursday. The stock has a fifty day simple moving average of $735.90 and a two-hundred day simple moving average of $763.89. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $89.57 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. KLA Co. has a 52-week low of $498.57 and a 52-week high of $896.32.

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

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.