Beacon Financial Group Has $280,000 Position in KLA Co. (NASDAQ:KLAC)

Beacon Financial Group lessened its position in KLA Co. (NASDAQ:KLAC) by 9.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444 shares of the semiconductor company’s stock after selling 47 shares during the period. Beacon Financial Group’s holdings in KLA were worth $280,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KLAC. Creative Planning grew its stake in KLA by 16.1% during the third quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock worth $29,796,000 after buying an additional 5,519 shares during the last quarter. Swedbank AB grew its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in KLA by 49.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,355 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 2,116 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in KLA by 17.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,100 shares of the semiconductor company’s stock valued at $4,724,000 after purchasing an additional 900 shares during the last quarter. Finally, BOS Asset Management LLC boosted its stake in KLA by 27.0% in the third quarter. BOS Asset Management LLC now owns 1,209 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.1 %

KLAC opened at $750.55 on Thursday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The firm has a market cap of $99.74 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. 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 firm’s fifty day moving average is $690.94 and its two-hundred day moving average is $714.89.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KLAC. Cantor Fitzgerald raised their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. 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. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Susquehanna upped their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.