TFB Advisors LLC Increases Stake in KLA Co. (NASDAQ:KLAC)

TFB Advisors LLC raised its holdings in KLA Co. (NASDAQ:KLAC) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 489 shares of the semiconductor company’s stock after buying an additional 16 shares during the period. TFB Advisors LLC’s holdings in KLA were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KLAC. Certuity LLC boosted its holdings in KLA by 10.1% in the fourth quarter. Certuity LLC now owns 403 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 37 shares during the period. Community Financial Services Group LLC raised its position in KLA by 0.5% in the 4th quarter. Community Financial Services Group LLC now owns 7,480 shares of the semiconductor company’s stock valued at $4,713,000 after purchasing an additional 35 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of KLA by 3.1% in the 4th quarter. Leavell Investment Management Inc. now owns 537 shares of the semiconductor company’s stock valued at $338,000 after buying an additional 16 shares during the period. Portfolio Design Labs LLC acquired a new position in shares of KLA during the fourth quarter worth about $349,000. Finally, New Republic Capital LLC increased its stake in shares of KLA by 9.8% during the fourth quarter. New Republic Capital LLC now owns 393 shares of the semiconductor company’s stock worth $247,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $750.55 on Thursday. The company’s 50 day simple moving average is $690.94 and its 200-day simple moving average is $714.89. KLA Co. has a 12-month low of $609.40 and a 12-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 current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts predict that KLA Co. will post 31.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target 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.