Triasima Portfolio Management inc. Buys Shares of 1,701 KLA Co. (NASDAQ:KLAC)

Triasima Portfolio Management inc. acquired a new stake in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,701 shares of the semiconductor company’s stock, valued at approximately $1,072,000.

A number of other institutional investors have also recently made changes to their positions in KLAC. CVA Family Office LLC raised its stake in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in KLA by 3.3% in 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 during the last quarter. Richardson Financial Services Inc. raised its stake in KLA by 5.9% in 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 during the last quarter. Marcum Wealth LLC raised its stake in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 15 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in KLA by 6.5% in 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 during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 0.4 %

KLA stock opened at $761.82 on Friday. 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 52 week low of $598.68 and a 52 week high of $896.32. The business’s 50-day moving average price is $682.77 and its 200 day moving average price is $716.21. The firm has a market cap of $101.90 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data 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 return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts anticipate that KLA Co. will post 30.8 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on KLAC shares. Barclays increased their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. TD Cowen reduced their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

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.