New Republic Capital LLC Increases Stock Position in KLA Co. (NASDAQ:KLAC)

New Republic Capital LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393 shares of the semiconductor company’s stock after buying an additional 35 shares during the period. New Republic Capital LLC’s holdings in KLA were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC grew its position in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC boosted its stake in KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after purchasing an additional 301,987 shares during the period. Van ECK Associates Corp grew its holdings in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after buying an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after buying an additional 226,100 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Performance

NASDAQ KLAC opened at $751.46 on Tuesday. The firm has a market cap of $99.86 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.54 and a beta of 1.28. The company has a 50-day simple moving average of $687.38 and a two-hundred day simple moving average of $715.18. 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 Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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, equities analysts forecast that KLA Co. will post 31.59 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective 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. Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC raised their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.