Catalyst Capital Advisors LLC Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

Catalyst Capital Advisors LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 11.9% during the 3rd quarter, Holdings Channel reports. The firm owned 8,790 shares of the semiconductor company’s stock after buying an additional 934 shares during the period. Catalyst Capital Advisors LLC’s holdings in KLA were worth $6,807,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KLAC. Swedbank AB bought a new stake in shares of KLA in the first quarter worth about $379,678,000. International Assets Investment Management LLC boosted its position in KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares in the last quarter. Van ECK Associates Corp boosted its position in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after acquiring an additional 192,849 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Thursday, October 31st. TD Cowen lowered their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Barclays lowered their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Trading Down 0.9 %

Shares of KLA stock opened at $663.37 on Tuesday. The company has a market capitalization of $88.73 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.41 and a beta of 1.29. 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 company has a fifty day moving average of $741.44 and a 200 day moving average of $764.25. KLA Co. has a fifty-two week low of $495.10 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.74 EPS. On average, sell-side analysts anticipate that KLA Co. will post 30.91 earnings per share for the current fiscal year.

About KLA

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.