Migdal Insurance & Financial Holdings Ltd. Purchases 15 Shares of KLA Co. (NASDAQ:KLAC)

Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246 shares of the semiconductor company’s stock after acquiring an additional 15 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in KLA were worth $155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB increased its stake in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its stake in shares of KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 120 shares during the period. Community Financial Services Group LLC grew its stake in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after purchasing an additional 6,279 shares during the period. Eastern Bank grew its stake in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after purchasing an additional 23,747 shares during the period. Finally, ING Groep NV grew its stake in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several analyst reports. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Needham & Company LLC upped their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus boosted their target price on KLA from $800.00 to $825.00 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Down 1.9 %

NASDAQ:KLAC opened at $747.70 on Friday. The stock’s fifty day moving average price is $685.36 and its two-hundred day moving average price is $716.53. KLA Co. has a 52-week low of $608.16 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market cap of $100.01 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, analysts anticipate that KLA Co. will post 30.8 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.