KLA Receives Positive Outlook Upgrade from Oppenheimer
Oppenheimer Sees Strong Potential for KLA Stock
On October 31, 2024, Oppenheimer upgraded their rating for KLA (XTRA:KLA) from Perform to Outperform. This change suggests a more favorable view of the company’s future.
Analyst Price Forecast Indicates 22.31% Increase Ahead
As of October 21, 2024, the average one-year price target for KLA stands at 785.48 €/share. Predictions vary with a low of 628.98 € and a high of 896.07 €. The average target indicates a potential increase of 22.31% from the most recent closing price of 642.20 € per share.
Exploring Fund Sentiment Around KLA
Currently, 2,637 funds or institutions have reported positions in KLA, marking an increase of 42 owners or 1.62% during the last quarter. Funds dedicated to KLA now have an average portfolio weight of 0.53%, rising by 2.48%. Overall, institutional ownership expanded by 2.59% in the past three months, totaling 138,669K shares.
What Other Shareholders Are Doing
Primecap Management owns 5,516K shares, equating to 4.12% ownership of KLA. This is down from 5,785K shares previously, representing a decrease of 4.88%. Despite this drop, Primecap increased its portfolio allocation in KLA by 9.24% in the last quarter.
The Vanguard Total Stock Market Index Fund (VTSMX) holds 4,253K shares, which accounts for 3.17% ownership. This is a slight rise from the previous 4,250K shares, which is a 0.06% increase. Last quarter, VTSMX boosted its allocation in KLA by 14.84%.
Capital International Investors, meanwhile, possesses 4,093K shares (3.05% ownership), down from 4,693K shares, marking a 14.67% decrease. However, this firm also increased its portfolio allocation in KLA by 4.63% over the last quarter.
Slight contributions have been noted by Vanguard 500 Index Fund Investor Shares (VFINX) and Vanguard PRIMECAP Fund Investor Shares (VPMCX). The former holds 3,456K shares (2.58% ownership), up from 3,408K, an increase of 1.38%, while the latter holds 3,362K shares with a 2.51% stake, which is a decrease from 3,498K shares by 4.02%. Both funds increased their allocations in KLA in the latest quarter.
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