Cohen Capital Management Inc. Has $1.33 Million Stock Position in KLA Co. (NASDAQ:KLAC)

by · The Cerbat Gem

Cohen Capital Management Inc. lifted its holdings in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,712 shares of the semiconductor company’s stock after purchasing an additional 240 shares during the period. Cohen Capital Management Inc.’s holdings in KLA were worth $1,326,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Cedar Wealth Management LLC lifted its holdings in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares during the period. Family Firm Inc. bought a new position in shares of KLA during the second quarter worth about $30,000. 1620 Investment Advisors Inc. acquired a new position in shares of KLA in the second quarter worth approximately $44,000. LRI Investments LLC bought a new stake in KLA in the first quarter valued at approximately $45,000. Finally, Olistico Wealth LLC bought a new stake in KLA in the second quarter valued at approximately $53,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLA stock opened at $669.38 on Monday. The company has a market cap of $89.68 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 52 week low of $484.33 and a 52 week high of $896.32. The business has a 50 day moving average price of $744.15 and a 200-day moving average price of $764.12.

KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during 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 quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.74 EPS. Equities analysts anticipate that KLA Co. will post 29.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KLAC has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Citigroup dropped their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Barclays decreased their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group upped their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Susquehanna lowered their target price on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $802.90.

Read Our Latest Report on KLAC

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

KLA Company Profile

(Free Report)

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.

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