Farther Finance Advisors LLC Boosts Position in KLA Co. (NASDAQ:KLAC)

Farther Finance Advisors LLC raised its position in KLA Co. (NASDAQ:KLAC) by 16.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 819 shares of the semiconductor company’s stock after purchasing an additional 113 shares during the period. Farther Finance Advisors LLC’s holdings in KLA were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLAC. Norden Group LLC lifted its stake in KLA by 19.7% in the first quarter. Norden Group LLC now owns 468 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 77 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in KLA in the first quarter valued at approximately $228,000. Signaturefd LLC lifted its stake in KLA by 11.4% in the first quarter. Signaturefd LLC now owns 1,911 shares of the semiconductor company’s stock valued at $1,335,000 after buying an additional 196 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in KLA by 70.4% in the first quarter. Richardson Financial Services Inc. now owns 213 shares of the semiconductor company’s stock valued at $149,000 after buying an additional 88 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in KLA by 25.8% in the first quarter. Csenge Advisory Group now owns 989 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.0 %

KLA stock opened at $670.33 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The firm has a market capitalization of $89.66 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. KLA Co. has a fifty-two week low of $495.10 and a fifty-two week high of $896.32. The stock’s fifty day moving average is $738.59 and its two-hundred day moving average is $764.55.

KLA (NASDAQ:KLAC) last posted its 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. The company had revenue of $2.84 billion for 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 revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.74 earnings per share. Analysts predict that KLA Co. will post 30.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays cut their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. TD Cowen cut their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $802.90.

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.