KLA Co. (NASDAQ:KLAC) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,536 shares of the semiconductor company’s stock after buying an additional 35 shares during the quarter. Naples Global Advisors LLC’s holdings in KLA were worth $4,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC lifted its position in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the last quarter. Richardson Financial Services Inc. increased its position in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC grew its stake in KLA by 0.4% during the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Down 1.1 %

Shares of NASDAQ KLAC opened at $750.55 on Thursday. The stock has a market capitalization of $99.74 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The firm has a 50-day moving average price of $690.94 and a 200 day moving average price of $714.89. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KLAC shares. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen reduced their target price 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. Finally, Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note 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 MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

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.