Forte Capital LLC ADV Acquires 1,034 Shares of KLA Co. (NASDAQ:KLAC)

Forte Capital LLC ADV boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 144.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,751 shares of the semiconductor company’s stock after acquiring an additional 1,034 shares during the quarter. Forte Capital LLC ADV’s holdings in KLA were worth $1,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KLAC. Cedar Wealth Management LLC raised its holdings in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares during the period. Family Firm Inc. bought a new stake in shares of KLA in the 2nd quarter worth about $30,000. 1620 Investment Advisors Inc. purchased a new position in shares of KLA during the 2nd quarter worth about $44,000. LRI Investments LLC bought a new position in KLA during the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC purchased a new stake in KLA in the 2nd quarter worth about $53,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KLAC has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Susquehanna decreased their target price on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Citigroup reduced their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Evercore ISI raised their target price on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Trading Down 0.1 %

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

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.74 EPS. As a group, equities research analysts expect that KLA Co. will post 30.91 EPS for the current year.

KLA 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.