Olympiad Research LP Has $797,000 Holdings in KLA Co. (NASDAQ:KLAC)

Olympiad Research LP boosted its position in KLA Co. (NASDAQ:KLAC) by 139.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,029 shares of the semiconductor company’s stock after buying an additional 599 shares during the quarter. Olympiad Research LP’s holdings in KLA were worth $797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after purchasing an additional 71,289 shares during the last quarter. Van ECK Associates Corp grew its position in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Finally, Legal & General Group Plc grew its position in KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

Shares of KLAC stock opened at $669.66 on Thursday. KLA Co. has a 1 year low of $498.57 and a 1 year high of $896.32. The firm’s 50 day moving average is $735.90 and its 200-day moving average is $763.89. The firm has a market capitalization of $89.57 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.40 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last announced its 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 net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business earned $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts forecast that KLA Co. will post 30.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on KLAC shares. Susquehanna decreased their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Argus raised their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI raised their price objective on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $802.90.

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.