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

MinichMacGregor Wealth Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,419 shares of the semiconductor company's stock after acquiring 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 hedge funds and other institutional investors also recently made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of KLA in the 2nd quarter worth approximately $30,000. Cedar Wealth Management LLC boosted its stake in KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in KLA in the second quarter worth $44,000. LRI Investments LLC acquired a new stake in shares of KLA in the first quarter valued at $46,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA in the second quarter valued at about $53,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KLAC shares. Argus increased their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Wells Fargo & Company lowered their price target on shares of KLA from $950.00 to $870.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Evercore ISI upped their price objective on KLA from $800.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Susquehanna lowered their target price on KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Finally, StockNews.com upgraded KLA from a "hold" rating to a "buy" rating in a report on Friday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $802.90.

KLA Stock Up 1.0 %

KLAC stock traded up $6.96 during trading hours on Tuesday, reaching $670.33. 1,016,267 shares of the stock were exchanged, compared to its average volume of 946,378. The firm's 50-day moving average is $738.59 and its 200-day moving average is $764.55. KLA Co. has a 12 month low of $495.10 and a 12 month high of $896.32. The company has a market cap of $89.66 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.41 and a beta of 1.29. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business's revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.74 EPS. On average, equities research analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

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.