Sumitomo Mitsui Trust Group Inc. Buys 794 Shares of KLA Co. (NASDAQ:KLAC)

Sumitomo Mitsui Trust Group Inc. increased its stake in KLA Co. (NASDAQ:KLAC) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,843 shares of the semiconductor company’s stock after acquiring an additional 794 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of KLA worth $204,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB boosted its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in 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 last quarter. Community Financial Services Group LLC boosted its holdings in KLA by 538.5% during 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 during the last quarter. Eastern Bank boosted its holdings in KLA by 655.8% during 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 during the last quarter. Finally, ING Groep NV boosted its holdings in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KLAC shares. Morgan Stanley boosted their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Cantor Fitzgerald boosted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. UBS Group boosted their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Down 1.9 %

Shares of KLAC opened at $747.70 on Friday. The business’s 50-day moving average price is $685.36 and its 200-day moving average price is $716.53. KLA Co. has a twelve month low of $608.16 and a twelve month high of $896.32. The stock has a market cap of $100.01 billion, a PE ratio of 31.44, a P/E/G ratio of 1.57 and a beta of 1.28. 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 (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities analysts forecast that KLA Co. will post 30.8 EPS for the current fiscal year.

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.