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KLA Corp reported strong quarterly earnings, despite Morgan Stanley slightly lowering its target price.
Morgan Stanley slightly lowered KLA Corporation's target price but maintained an "overweight" rating.
Despite this, KLA reported better-than-expected earnings per share of $8.41 and revenue of $3.06 billion for the quarter.
Institutional investors adjusted their holdings, with some buying and others selling shares.
KLA provides semiconductor and electronics solutions and has a market cap of $89.87 billion.
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KLA Corp reportó ganancias trimestrales fuertes, a pesar de que Morgan Stanley bajó ligeramente su precio objetivo.