Louisbourg Investments Inc. Invests $1.40 Million in KLA Co. (NASDAQ:KLAC)

Louisbourg Investments Inc. purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,216 shares of the semiconductor company’s stock, valued at approximately $1,396,000.

Several other institutional investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC purchased a new stake in shares of KLA during the 3rd quarter worth approximately $29,000. Groupama Asset Managment raised its position in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of KLA during the 3rd quarter worth approximately $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of KLA during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of KLA during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.0 %

Shares of KLA stock opened at $758.62 on Wednesday. The company has a fifty day moving average price of $690.94 and a 200 day moving average price of $714.89. 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 twelve month low of $609.40 and a twelve month high of $896.32. The stock has a market cap of $100.81 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KLAC has been the subject of several research reports. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Barclays boosted their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Needham & Company LLC boosted their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA 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.