MFA Wealth Advisors LLC Raises Stock Holdings in KLA Co. (NASDAQ:KLAC)

MFA Wealth Advisors LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 98.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 493 shares of the semiconductor company’s stock after purchasing an additional 245 shares during the period. MFA Wealth Advisors LLC’s holdings in KLA were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp increased its position in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after purchasing an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC increased its position in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the period. Van ECK Associates Corp boosted its stake in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC grew its holdings in KLA by 5.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after purchasing an additional 49,470 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KLAC shares. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Down 1.9 %

NASDAQ KLAC opened at $747.70 on Monday. The stock has a market cap of $99.36 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12-month low of $608.16 and a 12-month high of $896.32. The company has a fifty day simple moving average of $687.38 and a two-hundred day simple moving average of $715.46.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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, analysts forecast that KLA Co. will post 31.59 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.