Portfolio Design Labs LLC Purchases Shares of 554 KLA Co. (NASDAQ:KLAC)

Portfolio Design Labs LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 554 shares of the semiconductor company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hutchens & Kramer Investment Management Group LLC lifted its position in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 13 shares in the last quarter. Richardson Financial Services Inc. lifted its position in KLA by 5.9% during 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. lifted its position in KLA by 6.5% during 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. lifted its position in KLA by 1.1% during 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 lifted its position in KLA by 0.4% during 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KLAC. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, TD Cowen reduced 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. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Down 1.1 %

KLAC stock opened at $750.55 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a fifty day moving average price of $690.94 and a two-hundred day moving average price of $714.89. The firm has a market cap of $99.74 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts predict that KLA Co. will post 31.59 EPS 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.