KLA Co. (NASDAQ:KLAC) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its position in KLA Co. (NASDAQ:KLAC) by 164.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,321 shares of the semiconductor company’s stock after purchasing an additional 2,687 shares during the quarter. Lecap Asset Management Ltd.’s holdings in KLA were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its position in KLA by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 22,947 shares of the semiconductor company’s stock valued at $14,459,000 after acquiring an additional 772 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in shares of KLA during the fourth quarter valued at about $47,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in KLA by 18.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,716 shares of the semiconductor company’s stock worth $10,533,000 after purchasing an additional 2,626 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in KLA during the 4th quarter valued at about $17,093,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KLAC. Cantor Fitzgerald increased their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Trading Up 0.4 %

Shares of NASDAQ:KLAC opened at $761.82 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 $598.68 and a 12-month high of $896.32. The firm has a fifty day moving average of $682.77 and a two-hundred day moving average of $716.21. The firm has a market capitalization of $101.90 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, equities analysts expect that KLA Co. will post 30.8 EPS 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.