KLA Co. (NASDAQ:KLAC) Shares Purchased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 15.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,034 shares of the semiconductor company’s stock after purchasing an additional 138 shares during the period. Quintet Private Bank Europe S.A.’s holdings in KLA were worth $801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB boosted its holdings in KLA by 0.4% in 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 last quarter. Community Financial Services Group LLC increased its holdings in KLA by 538.5% in the third 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 boosted its stake in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Sei Investments Co. boosted its holdings in KLA by 16.0% during the 1st quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock worth $53,756,000 after acquiring an additional 10,594 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its position in KLA by 39.0% during the third quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after purchasing an additional 1,651 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock traded down $4.88 during trading hours on Monday, hitting $664.50. The company’s stock had a trading volume of 112,327 shares, compared to its average volume of 943,582. KLA Co. has a 12-month low of $495.10 and a 12-month high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average of $744.15 and a 200 day moving average of $764.12. The stock has a market cap of $89.03 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.74 EPS. On average, sell-side analysts forecast that KLA Co. will post 29.26 EPS for the current fiscal year.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KLAC. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Thursday. Evercore ISI upped their price objective on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.