Visionary Horizons LLC Grows Holdings in KLA Co. (NASDAQ:KLAC)

Visionary Horizons LLC grew its stake in shares of KLA Co. (NASDAQ:KLAC) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 848 shares of the semiconductor company’s stock after buying an additional 77 shares during the quarter. Visionary Horizons LLC’s holdings in KLA were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Swedbank AB grew its position in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 120 shares during the last quarter. Community Financial Services Group LLC raised its position in KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares during the period. Eastern Bank lifted its stake in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the last quarter. Finally, ING Groep NV boosted its position in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after buying an additional 27,436 shares during the period. 86.65% of the stock is owned by institutional investors.

KLA Stock Performance

Shares of KLAC stock opened at $747.70 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market capitalization of $99.36 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a one year low of $608.16 and a one year high of $896.32. The company’s 50-day moving average is $687.38 and its 200 day moving average is $716.10.

KLA (NASDAQ:KLAC) last issued its earnings results 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 return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KLAC. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Cantor Fitzgerald lifted 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. Needham & Company LLC increased their price target 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. Finally, TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.