Portfolio Design Labs LLC Invests $349,000 in KLA Co. (NASDAQ:KLAC)

Portfolio Design Labs LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, Holdings Channel reports. The fund purchased 554 shares of the semiconductor company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hutchens & Kramer Investment Management Group LLC grew its position in 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 in the last quarter. Richardson Financial Services Inc. grew its position in KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares in the last quarter. Finally, Ascent Wealth Partners LLC grew its position in KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KLAC. 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. 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. Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. TD Cowen cut their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

KLAC stock opened at $750.55 on Thursday. 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 one year low of $609.40 and a one year high of $896.32. The firm has a market capitalization of $99.74 billion, a PE ratio of 31.56, a P/E/G ratio of 1.54 and a beta of 1.28. The firm has a 50-day moving average of $690.94 and a two-hundred day moving average of $714.89.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates 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.