TFB Advisors LLC Boosts Holdings in KLA Co. (NASDAQ:KLAC)

TFB Advisors LLC raised its position in KLA Co. (NASDAQ:KLAC) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 489 shares of the semiconductor company’s stock after acquiring an additional 16 shares during the quarter. TFB Advisors LLC’s holdings in KLA were worth $308,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cantor Fitzgerald raised their price objective 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. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Needham & Company LLC boosted their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $750.55 on Thursday. The company has a 50-day simple moving average of $690.94 and a 200-day simple moving average of $714.89. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a market cap of $99.74 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, equities analysts anticipate that KLA Co. will post 31.59 earnings per share 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.