New Republic Capital LLC Acquires 35 Shares of KLA Co. (NASDAQ:KLAC)

New Republic Capital LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393 shares of the semiconductor company’s stock after acquiring an additional 35 shares during the period. New Republic Capital LLC’s holdings in KLA were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KLAC. Swedbank AB increased its position in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. Community Financial Services Group LLC raised its position in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares in the last quarter. Eastern Bank raised its position in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV lifted its stake in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KLAC. Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group upped their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald upped their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Up 0.5 %

Shares of KLAC stock opened at $751.46 on Tuesday. The company has a market capitalization of $99.86 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company’s fifty day moving average price is $687.38 and its 200-day moving average price is $715.18. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. Sell-side analysts expect that KLA Co. will post 31.59 EPS for the current fiscal 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.