KLA Co. (NASDAQ:KLAC) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 10.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 461 shares of the semiconductor company’s stock after purchasing an additional 44 shares during the quarter. Catalina Capital Group LLC’s holdings in KLA were worth $357,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KLAC. Capital Market Strategies LLC boosted its position in shares of KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after buying an additional 13 shares during the period. CVA Family Office LLC boosted its position in shares of KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after buying an additional 13 shares during the period. HBW Advisory Services LLC boosted its position in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the period. TIAA Trust National Association raised its stake in shares of KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after acquiring an additional 14 shares in the last quarter. Finally, AA Financial Advisors LLC raised its stake in shares of KLA by 2.7% in the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 0.1 %

KLAC opened at $669.66 on Thursday. The business’s 50-day simple moving average is $735.90 and its 200-day simple moving average is $763.89. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a one year low of $498.57 and a one year high of $896.32. The stock has a market capitalization of $89.57 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company posted $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus increased their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Evercore ISI increased their price objective on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Barclays reduced their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $802.90.

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.