Davidson Capital Management Inc. Has $3.16 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Davidson Capital Management Inc. increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 22.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,018 shares of the semiconductor company’s stock after buying an additional 915 shares during the period. Davidson Capital Management Inc.’s holdings in KLA were worth $3,162,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment boosted its stake in KLA by 82.3% in the 3rd 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 during the period. Capital Performance Advisors LLP acquired a new position in KLA in the 3rd quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA during the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA during the fourth quarter worth $47,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 1.0 %

Shares of KLA stock opened at $758.62 on Wednesday. The firm’s 50 day moving average is $689.08 and its 200 day moving average is $715.10. The firm has a market capitalization of $100.81 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a 1 year low of $609.40 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 posted its 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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KLAC. Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. TD Cowen decreased their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. 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. Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.