Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Takes $43,000 Position in KLA Co. (NASDAQ:KLAC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69 shares of the semiconductor company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of KLA during the 3rd quarter worth approximately $29,000. Groupama Asset Managment lifted its holdings in shares of 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 acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the 3rd quarter valued at $38,000. Ameliora Wealth Management Ltd. bought a new stake in shares of KLA in the 4th quarter worth about $47,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of KLA during the 3rd quarter worth about $53,000. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the topic of several research analyst reports. Barclays upped their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Trading Down 1.9 %

NASDAQ KLAC opened at $747.70 on Monday. The stock has a market capitalization of $99.36 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 1.54 and a beta of 1.28. KLA Co. has a 52 week low of $608.16 and a 52 week high of $896.32. The stock’s 50 day moving average price is $687.38 and its two-hundred day moving average price is $715.46. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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 anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Company 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.