Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $43,000 in KLA Co. (NASDAQ:KLAC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in KLA Co. (NASDAQ:KLAC) in the 4th quarter, Holdings Channel.com reports. The firm bought 69 shares of the semiconductor company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. Visionary Horizons LLC lifted its position in shares of KLA by 10.0% in the fourth quarter. Visionary Horizons LLC now owns 848 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 77 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of KLA during the 4th quarter worth approximately $10,157,000. Empowered Funds LLC raised its stake in KLA by 7.1% in the 4th quarter. Empowered Funds LLC now owns 13,231 shares of the semiconductor company’s stock valued at $8,337,000 after acquiring an additional 874 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in KLA by 3.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 19,268 shares of the semiconductor company’s stock valued at $12,141,000 after purchasing an additional 654 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in KLA by 9.5% during the fourth quarter. Apollon Wealth Management LLC now owns 4,715 shares of the semiconductor company’s stock worth $2,971,000 after purchasing an additional 408 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KLAC. Needham & Company LLC raised their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. TD Cowen cut their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. 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, KLA currently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Down 1.9 %

KLAC stock opened at $747.70 on Monday. The stock has a market capitalization of $99.36 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $687.38 and a 200-day moving average price of $715.46. KLA Co. has a 12 month low of $608.16 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities research analysts anticipate 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.