MinichMacGregor Wealth Management LLC Acquires 802 Shares of KLA Co. (NASDAQ:KLAC)

MinichMacGregor Wealth Management LLC lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 8.3% during the third quarter, Holdings Channel reports. The fund owned 10,419 shares of the semiconductor company’s stock after buying an additional 802 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in KLA were worth $8,068,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Swedbank AB acquired a new position in shares of KLA during the first quarter worth approximately $379,678,000. International Assets Investment Management LLC raised its holdings in KLA by 76,452.4% during the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after buying an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after acquiring an additional 192,849 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

NASDAQ:KLAC traded up $10.63 during trading hours on Tuesday, hitting $674.00. The stock had a trading volume of 157,791 shares, compared to its average volume of 942,366. The firm has a market capitalization of $90.15 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.41 and a beta of 1.29. KLA Co. has a one year low of $495.10 and a one year high of $896.32. The company has a 50 day simple moving average of $741.44 and a two-hundred day simple moving average of $764.25. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS 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 analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.74 earnings per share. Research analysts forecast that KLA Co. will post 30.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KLAC shares. Susquehanna dropped their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. UBS Group lowered their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Barclays reduced their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, Argus raised their price target on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.