Louisbourg Investments Inc. Invests $1.40 Million in KLA Co. (NASDAQ:KLAC)

Louisbourg Investments Inc. purchased a new position in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,216 shares of the semiconductor company’s stock, valued at approximately $1,396,000.

Several other hedge funds and other institutional investors have also modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC boosted its holdings in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. raised its stake in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares in the last quarter. Finally, Ascent Wealth Partners LLC raised its stake in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KLAC. Susquehanna raised their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Oppenheimer upgraded 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 research report on Thursday, October 31st. Morgan Stanley lifted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

Shares of KLAC opened at $758.62 on Wednesday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The stock’s 50 day moving average is $690.94 and its two-hundred day moving average is $714.89. The firm has a market capitalization of $100.81 billion, a PE ratio of 31.90, a P/E/G 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.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current 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.