Consolidated Portfolio Review Corp Acquires 21 Shares of KLA Co. (NASDAQ:KLAC)

Consolidated Portfolio Review Corp raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 827 shares of the semiconductor company’s stock after acquiring an additional 21 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in KLA were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in KLA during the third quarter valued at $29,000. Groupama Asset Managment lifted its position in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC bought a new stake in KLA during the 3rd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. purchased a new position in KLA during the third quarter valued at approximately $56,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Barclays boosted their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

NASDAQ:KLAC opened at $747.70 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 52 week low of $608.16 and a 52 week high of $896.32. The stock’s 50-day moving average price is $685.36 and its 200-day moving average price is $716.53. The stock has a market capitalization of $100.01 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly 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%. As a group, 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.