GHP Investment Advisors Inc. Has $10.64 Million Position in KLA Co. (NASDAQ:KLAC)

GHP Investment Advisors Inc. reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,882 shares of the semiconductor company’s stock after selling 168 shares during the quarter. GHP Investment Advisors Inc.’s holdings in KLA were worth $10,638,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its stake in KLA by 0.4% during the third 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 in the last quarter. Diversify Advisory Services LLC raised its stake in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares in the last quarter. Community Financial Services Group LLC raised its stake in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares in the last quarter. Eastern Bank raised its stake in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV increased its stake in shares of KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after buying an additional 27,436 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

Shares of KLAC opened at $759.15 on Thursday. KLA Co. has a 1 year low of $595.86 and a 1 year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market cap of $101.54 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The stock’s 50-day moving average price is $680.23 and its two-hundred day moving average price is $715.91.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, equities analysts predict that KLA Co. will post 30.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research reports. Susquehanna raised their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Barclays raised their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.