Hanseatic Management Services Inc. Has $620,000 Stake in KLA Co. (NASDAQ:KLAC)

Hanseatic Management Services Inc. raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 800 shares of the semiconductor company’s stock after acquiring an additional 20 shares during the quarter. Hanseatic Management Services Inc.’s holdings in KLA were worth $620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Cedar Wealth Management LLC grew its stake in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares during the last quarter. Family Firm Inc. bought a new position in KLA in the 2nd quarter valued at $30,000. 1620 Investment Advisors Inc. acquired a new position in KLA in the second quarter worth $44,000. LRI Investments LLC bought a new stake in shares of KLA during the first quarter worth $45,000. Finally, Olistico Wealth LLC acquired a new stake in shares of KLA in the second quarter valued at $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $802.90.

KLA Stock Down 0.1 %

KLA stock opened at $669.66 on Thursday. KLA Co. has a twelve month low of $498.57 and a twelve month high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average of $735.90 and a 200-day moving average of $763.89. The stock has a market capitalization of $89.57 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business earned $5.74 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that KLA Co. will post 30.91 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.