United Advisor Group LLC Acquires Shares of 726 KLA Co. (NASDAQ:KLAC)

United Advisor Group LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 726 shares of the semiconductor company’s stock, valued at approximately $562,000.

A number of other hedge funds also recently modified their holdings of KLAC. Cedar Wealth Management LLC grew its stake in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares in the last quarter. Family Firm Inc. bought a new stake in shares of KLA during the 2nd quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA during the 2nd quarter worth approximately $44,000. LRI Investments LLC acquired a new stake in shares of KLA during the 1st quarter worth approximately $45,000. Finally, Olistico Wealth LLC bought a new position in KLA in the second quarter valued at approximately $53,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company decreased their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, 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. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average target price of $802.90.

KLA Stock Performance

NASDAQ:KLAC opened at $670.33 on Wednesday. The company has a market capitalization of $89.66 billion, a PE ratio of 30.61, a P/E/G ratio of 1.41 and a beta of 1.29. KLA Co. has a fifty-two week low of $495.10 and a fifty-two week high of $896.32. 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 company has a 50 day simple moving average of $738.59 and a two-hundred day simple moving average of $764.55.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data 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. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.74 earnings per share. Research analysts anticipate that KLA Co. will post 30.91 earnings per share for the current year.

About KLA

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.