Global X Japan Co. Ltd. Has $14.46 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Global X Japan Co. Ltd. raised its stake in KLA Co. (NASDAQ:KLAC) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,947 shares of the semiconductor company’s stock after purchasing an additional 772 shares during the period. KLA accounts for 1.8% of Global X Japan Co. Ltd.’s holdings, making the stock its 18th biggest holding. Global X Japan Co. Ltd.’s holdings in KLA were worth $14,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA in the 3rd quarter worth about $29,000. Groupama Asset Managment raised its stake in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new stake in KLA during the 3rd quarter valued at $38,000. Ameliora Wealth Management Ltd. bought a new stake in shares of KLA during the 4th quarter valued at $47,000. Finally, FSA Wealth Management LLC bought a new position in shares of KLA in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 0.4 %

KLA stock opened at $761.82 on Friday. KLA Co. has a 1 year low of $598.68 and a 1 year high of $896.32. The firm’s 50 day moving average price is $682.77 and its two-hundred day moving average price is $716.21. The firm has a market cap of $101.90 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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, research analysts predict that KLA Co. will post 30.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on KLAC. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group lifted 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. Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.