Strategic Financial Concepts LLC Purchases New Holdings in KLA Co. (NASDAQ:KLAC)

Strategic Financial Concepts LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,127 shares of the semiconductor company’s stock, valued at approximately $17,093,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after acquiring an additional 145,317 shares during the period. Mizuho Securities USA LLC increased its stake in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its stake in KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the period. Van ECK Associates Corp increased its stake in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after acquiring an additional 49,470 shares during the period. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Down 1.9 %

NASDAQ:KLAC opened at $747.70 on Friday. The stock’s fifty day moving average price is $685.36 and its two-hundred day moving average price is $716.53. KLA Co. has a 52-week low of $608.16 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market cap of $100.01 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that KLA Co. will post 30.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group upped their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC upped their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Company Profile

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.