KLA Co. (NASDAQ:KLAC) Stock Position Raised by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 800 shares of the semiconductor company’s stock after purchasing an additional 20 shares during the period. Hanseatic Management Services Inc.’s holdings in KLA were worth $620,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KLAC. Norden Group LLC boosted its position in KLA by 19.7% during the 1st quarter. Norden Group LLC now owns 468 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 77 shares during the period. Csenge Advisory Group increased its stake in KLA by 25.8% in the 1st quarter. Csenge Advisory Group now owns 989 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 203 shares during the period. Manchester Capital Management LLC lifted its position in KLA by 1,333.3% in the 1st quarter. Manchester Capital Management LLC now owns 344 shares of the semiconductor company’s stock worth $240,000 after buying an additional 320 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of KLA by 3.3% during the 1st quarter. Empirical Finance LLC now owns 5,124 shares of the semiconductor company’s stock valued at $3,579,000 after buying an additional 165 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of KLA by 29.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,732 shares of the semiconductor company’s stock valued at $6,100,000 after acquiring an additional 1,976 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KLAC shares. Evercore ISI lifted their price objective on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Susquehanna lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Stifel Nicolaus raised their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wells Fargo & Company decreased their target price 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. Finally, Citigroup cut their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $669.66 on Thursday. The firm has a market capitalization of $89.57 billion, a PE ratio of 30.58, a PEG ratio of 1.40 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 1-year low of $498.57 and a 1-year high of $896.32. The business’s 50 day moving average is $735.90 and its 200-day moving average is $763.89.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.74 EPS. Sell-side analysts predict that KLA Co. will post 30.91 earnings per share for the current year.

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.