Naples Global Advisors LLC Raises Stock Position in KLA Co. (NASDAQ:KLAC)

Naples Global Advisors LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,536 shares of the semiconductor company’s stock after acquiring an additional 35 shares during the quarter. Naples Global Advisors LLC’s holdings in KLA were worth $4,748,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new stake in KLA during the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of KLA during the third quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA in the third quarter worth $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of KLA during the fourth quarter worth $43,000. Finally, Peterson Financial Group Inc. bought a new position in shares of KLA during the third quarter worth $56,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Price Performance

NASDAQ:KLAC opened at $750.55 on Thursday. The firm’s fifty day moving average is $690.94 and its two-hundred day moving average is $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 Co. has a one year low of $609.40 and a one year 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.

KLA (NASDAQ:KLAC) last posted its 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 return on equity of 108.60% and a net margin of 29.58%. Research analysts expect that KLA Co. will post 31.59 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on KLAC. Susquehanna boosted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, UBS Group raised their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.