KLA Co. (NASDAQ:KLAC) Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. increased its position in KLA Co. (NASDAQ:KLAC) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,034 shares of the semiconductor company’s stock after buying an additional 138 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in KLA were worth $801,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KLAC. Swedbank AB bought a new position in shares of KLA in the first quarter valued at $379,678,000. International Assets Investment Management LLC grew its holdings in shares of KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after acquiring an additional 301,987 shares during the last quarter. Van ECK Associates Corp raised its position in shares of KLA by 25.7% during the third 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. Assenagon Asset Management S.A. lifted its holdings in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after purchasing an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after purchasing an additional 192,849 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

KLAC stock traded down $4.88 during midday trading on Monday, reaching $664.50. 112,327 shares of the company’s stock traded hands, compared to its average volume of 943,582. The company has a 50-day moving average price of $744.15 and a two-hundred day moving average price of $764.12. The firm has a market capitalization of $89.03 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. KLA Co. has a 52 week low of $495.10 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.50 and a current ratio of 2.13.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.74 earnings per share. As a group, equities analysts anticipate that KLA Co. will post 29.26 EPS for the current year.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KLAC shares. Argus boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, UBS Group reduced their target price on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $802.90.

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.