Advisor Resource Council Takes $527,000 Position in KLA Co. (NASDAQ:KLAC)

Advisor Resource Council bought a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 681 shares of the semiconductor company’s stock, valued at approximately $527,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC boosted its position in shares of KLA by 19.7% during the first quarter. Norden Group LLC now owns 468 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 77 shares during the last quarter. Csenge Advisory Group boosted its stake in KLA by 25.8% during the first quarter. Csenge Advisory Group now owns 989 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 203 shares during the last quarter. Manchester Capital Management LLC grew its holdings in KLA by 1,333.3% during the 1st quarter. Manchester Capital Management LLC now owns 344 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 320 shares in the last quarter. Empirical Finance LLC increased its stake in KLA by 3.3% in the 1st quarter. Empirical Finance LLC now owns 5,124 shares of the semiconductor company’s stock worth $3,579,000 after acquiring an additional 165 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of KLA by 29.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,732 shares of the semiconductor company’s stock worth $6,100,000 after acquiring an additional 1,976 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $669.66 on Thursday. 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 business has a 50-day simple moving average of $735.90 and a two-hundred day simple moving average of $763.89. The company has a market cap of $89.57 billion, a PE ratio of 30.58, a P/E/G ratio of 1.40 and a beta of 1.29. KLA Co. has a fifty-two week low of $498.57 and a fifty-two week high of $896.32.

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

Analysts Set New Price Targets

KLAC has been the subject of a number of recent research reports. UBS Group cut their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus boosted their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.