Pathway Financial Advisers LLC Boosts Stake in KLA Co. (NASDAQ:KLAC)

Pathway Financial Advisers LLC raised its position in KLA Co. (NASDAQ:KLAC) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,429 shares of the semiconductor company’s stock after buying an additional 50 shares during the quarter. Pathway Financial Advisers LLC’s holdings in KLA were worth $900,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creative Planning lifted its holdings in shares of KLA by 16.1% during the 3rd quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock valued at $29,796,000 after acquiring an additional 5,519 shares in the last quarter. Swedbank AB raised its position in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of KLA by 49.9% during the third quarter. SeaCrest Wealth Management LLC now owns 6,355 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 2,116 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of KLA by 17.3% during the third quarter. Sumitomo Life Insurance Co. now owns 6,100 shares of the semiconductor company’s stock worth $4,724,000 after purchasing an additional 900 shares in the last quarter. Finally, BOS Asset Management LLC boosted its position in shares of KLA by 27.0% in the third quarter. BOS Asset Management LLC now owns 1,209 shares of the semiconductor company’s stock worth $936,000 after buying an additional 257 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Down 1.1 %

NASDAQ:KLAC opened at $750.55 on Thursday. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market cap of $99.74 billion, a PE ratio of 31.56, a P/E/G ratio of 1.54 and a beta of 1.28. The business’s 50 day moving average is $690.94 and its two-hundred day moving average is $714.89.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. On average, analysts predict that KLA Co. will post 31.59 EPS for the current 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.