MinichMacGregor Wealth Management LLC Buys 802 Shares of KLA Co. (NASDAQ:KLAC)

MinichMacGregor Wealth Management LLC grew its stake in shares of KLA Co. (NASDAQ:KLAC) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,419 shares of the semiconductor company’s stock after acquiring an additional 802 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in KLA were worth $8,068,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cedar Wealth Management LLC grew its holdings in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares in the last quarter. Family Firm Inc. bought a new stake in shares of KLA in the second quarter valued at about $30,000. 1620 Investment Advisors Inc. bought a new position in KLA during the second quarter worth about $44,000. LRI Investments LLC acquired a new position in shares of KLA during the 1st quarter worth approximately $45,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA during the second quarter worth approximately $53,000. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 1.6 %

Shares of KLAC traded up $10.63 during mid-day trading on Tuesday, reaching $674.00. 157,791 shares of the company were exchanged, compared to its average volume of 942,366. The business has a 50 day simple moving average of $741.44 and a two-hundred day simple moving average of $764.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market capitalization of $90.15 billion, a PE ratio of 30.29, a PEG ratio of 1.41 and a beta of 1.29. KLA Co. has a 52 week low of $495.10 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company earned $5.74 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts predict that KLA Co. will post 30.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KLAC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Barclays decreased their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

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.