Entropy Technologies LP Buys Shares of 16,119 KLA Co. (NASDAQ:KLAC)

Entropy Technologies LP bought a new position in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 16,119 shares of the semiconductor company’s stock, valued at approximately $10,157,000. KLA accounts for about 1.0% of Entropy Technologies LP’s portfolio, making the stock its 7th biggest holding.

Several other large investors have also made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new stake in KLA during the third quarter worth $29,000. Groupama Asset Managment raised its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new position in KLA during the third quarter worth $38,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA in the fourth quarter valued at about $47,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of KLA in the third quarter valued at about $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 1.9 %

Shares of KLAC stock opened at $747.70 on Friday. 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 firm has a market cap of $99.36 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a 50-day moving average of $687.38 and a two-hundred day moving average of $716.10. KLA Co. has a 1-year low of $608.16 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, analysts predict that KLA Co. will post 31.59 EPS for the current year.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC increased their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.