KLA Co. (NASDAQ:KLAC) Shares Bought by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 610 shares of the semiconductor company’s stock after purchasing an additional 57 shares during the quarter. Telos Capital Management Inc.’s holdings in KLA were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. CWM LLC boosted its holdings in shares of KLA by 24.5% during the third quarter. CWM LLC now owns 3,700 shares of the semiconductor company’s stock valued at $2,865,000 after acquiring an additional 729 shares during the period. Marcum Wealth LLC boosted its stake in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 15 shares during the period. Wedmont Private Capital grew its position in KLA by 3.7% in the 3rd quarter. Wedmont Private Capital now owns 1,388 shares of the semiconductor company’s stock worth $1,085,000 after purchasing an additional 49 shares during the last quarter. Perpetual Ltd increased its stake in shares of KLA by 25.8% in the third quarter. Perpetual Ltd now owns 1,558 shares of the semiconductor company’s stock valued at $1,207,000 after purchasing an additional 320 shares during the period. Finally, Quotient Wealth Partners LLC raised its holdings in shares of KLA by 2.0% during the third quarter. Quotient Wealth Partners LLC now owns 974 shares of the semiconductor company’s stock valued at $754,000 after buying an additional 19 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Down 1.9 %

Shares of NASDAQ KLAC opened at $747.70 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 12 month low of $608.16 and a 12 month high of $896.32. 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. The business has a fifty day simple moving average of $685.36 and a 200-day simple moving average of $716.53.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts predict that KLA Co. will post 30.8 EPS for the current year.

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.