Strategic Financial Concepts LLC Takes Position in KLA Co. (NASDAQ:KLAC)

Strategic Financial Concepts LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,127 shares of the semiconductor company’s stock, valued at approximately $17,093,000.

A number of other large investors also recently made changes to their positions in KLAC. CVA Family Office LLC increased its position in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC increased its position in shares of KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 13 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares in the last quarter. Marcum Wealth LLC increased its position in shares of KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stifel Nicolaus upped their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Barclays lifted their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note 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 stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $747.70 on Friday. The business’s 50 day moving average price is $685.36 and its two-hundred day moving average price is $716.53. The company has a market cap 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. 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 twelve month low of $608.16 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts predict that KLA Co. will post 30.8 EPS for the current 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.