TFG Advisers LLC Raises Stake in KLA Co. (NASDAQ:KLAC)

TFG Advisers LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,197 shares of the semiconductor company’s stock after buying an additional 96 shares during the period. TFG Advisers LLC’s holdings in KLA were worth $1,384,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. CVA Family Office LLC boosted its position in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. grew its stake in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the period. Marcum Wealth LLC raised its holdings in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in KLA by 6.5% during the fourth 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 during the period. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KLAC. The Goldman Sachs Group upped their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays lifted their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven investment 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.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Down 1.9 %

Shares of KLA stock opened at $747.70 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a twelve month low of $608.16 and a twelve month high of $896.32. The company has a market cap of $100.01 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company’s 50 day moving average is $685.36 and its 200 day moving average is $716.53.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that KLA Co. will post 30.8 EPS for the current year.

KLA Company 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.