Community Financial Services Group LLC Purchases 35 Shares of KLA Co. (NASDAQ:KLAC)

Community Financial Services Group LLC increased its position in KLA Co. (NASDAQ:KLAC) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 7,480 shares of the semiconductor company’s stock after buying an additional 35 shares during the quarter. Community Financial Services Group LLC’s holdings in KLA were worth $4,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth about $29,000. Groupama Asset Managment boosted its position in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in KLA during the third quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of KLA during the fourth quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of KLA in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 1.0 %

KLAC opened at $758.62 on Wednesday. The stock has a market capitalization of $100.81 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm’s fifty day simple moving average is $689.08 and its 200 day simple moving average is $715.10.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KLAC. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley lifted their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. UBS Group upped their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Susquehanna raised their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA 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.