Silver Oak Securities Incorporated Buys 285 Shares of KLA Co. (NASDAQ:KLAC)

Silver Oak Securities Incorporated raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,653 shares of the semiconductor company’s stock after purchasing an additional 285 shares during the quarter. Silver Oak Securities Incorporated’s holdings in KLA were worth $1,047,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KLAC. Elm3 Financial Group LLC acquired a new position in shares of KLA in the fourth quarter valued at $361,000. Financial Advocates Investment Management raised its stake in shares of KLA by 16.1% in the 4th quarter. Financial Advocates Investment Management now owns 693 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 96 shares in the last quarter. Caitlin John LLC raised its stake in shares of KLA by 2.4% in the 4th quarter. Caitlin John LLC now owns 3,452 shares of the semiconductor company’s stock valued at $2,175,000 after buying an additional 80 shares in the last quarter. Trilogy Capital Inc. lifted its holdings in shares of KLA by 52.5% during the 4th quarter. Trilogy Capital Inc. now owns 3,730 shares of the semiconductor company’s stock worth $2,351,000 after acquiring an additional 1,284 shares during the period. Finally, Optimist Retirement Group LLC increased its stake in KLA by 1.4% in the fourth quarter. Optimist Retirement Group LLC now owns 3,060 shares of the semiconductor company’s stock valued at $1,928,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KLAC. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC lifted their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

KLAC opened at $761.82 on Friday. The company has a fifty day moving average price of $682.77 and a two-hundred day moving average price of $716.21. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a market capitalization of $101.90 billion, a PE ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 52 week low of $598.68 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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, analysts anticipate that KLA Co. will post 30.8 earnings per share for the current year.

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.