KLA Co. (NASDAQ:KLAC) Shares Purchased by JB Capital LLC

JB Capital LLC grew its stake in shares of KLA Co. (NASDAQ:KLAC) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,142 shares of the semiconductor company’s stock after acquiring an additional 466 shares during the period. JB Capital LLC’s holdings in KLA were worth $3,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new stake in KLA in the second quarter valued at about $30,000. Cedar Wealth Management LLC grew its position in shares of KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of KLA in the 2nd quarter valued at approximately $44,000. LRI Investments LLC acquired a new stake in shares of KLA during the 1st quarter valued at approximately $46,000. Finally, Olistico Wealth LLC bought a new position in KLA during the second quarter worth $53,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their target price on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Barclays dropped their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $802.90.

KLA Stock Up 1.1 %

NASDAQ:KLAC traded up $7.37 during trading hours on Thursday, hitting $677.03. 138,234 shares of the stock traded hands, compared to its average volume of 945,849. The firm has a 50 day moving average price of $735.90 and a 200 day moving average price of $763.89. The firm has a market cap of $90.56 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.40 and a beta of 1.29. KLA Co. has a fifty-two week low of $504.66 and a fifty-two week high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the firm earned $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts anticipate that KLA Co. will post 30.91 earnings per share 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.