Pathway Financial Advisers LLC Raises Stock Position in KLA Co. (NASDAQ:KLAC)

Pathway Financial Advisers LLC grew its holdings in KLA Co. (NASDAQ:KLAC) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,429 shares of the semiconductor company’s stock after purchasing an additional 50 shares during the quarter. Pathway Financial Advisers LLC’s holdings in KLA were worth $900,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. increased its stake in KLA by 5.9% in the 4th 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 period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after acquiring an additional 15 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares in the last quarter. Finally, Ascent Wealth Partners LLC raised its position in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of several recent analyst reports. UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Susquehanna lifted their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald raised their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research 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’s stock. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $750.55 on Thursday. The business has a fifty day simple moving average of $690.94 and a 200-day simple moving average of $714.89. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a market cap of $99.74 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.54 and a beta of 1.28. 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 (NASDAQ:KLAC) last posted its quarterly 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 return on equity of 108.60% and a net margin of 29.58%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

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.