Visionary Horizons LLC Acquires 77 Shares of KLA Co. (NASDAQ:KLAC)

Visionary Horizons LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 848 shares of the semiconductor company’s stock after buying an additional 77 shares during the period. Visionary Horizons LLC’s holdings in KLA were worth $534,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter valued at about $29,000. Groupama Asset Managment lifted its holdings in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of KLA during the third quarter valued at approximately $38,000. Ameliora Wealth Management Ltd. bought a new stake in KLA during the fourth quarter worth $47,000. Finally, FSA Wealth Management LLC purchased a new stake in KLA in the 3rd quarter valued at $53,000. 86.65% of the stock is owned by institutional investors.

KLA Stock Down 1.9 %

KLA stock opened at $747.70 on Friday. The firm has a market capitalization of $99.36 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.54 and a beta of 1.28. The firm has a 50 day simple moving average of $687.38 and a 200 day simple moving average of $716.10. KLA Co. has a 1-year low of $608.16 and a 1-year high of $896.32. 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 (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on KLAC. Stifel Nicolaus lifted 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. TD Cowen reduced 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. Wells Fargo & Company lifted their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $831.68.

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.