Silver Oak Securities Incorporated Has $1.05 Million Holdings in KLA Co. (NASDAQ:KLAC)

Silver Oak Securities Incorporated lifted its position in KLA Co. (NASDAQ:KLAC) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653 shares of the semiconductor company’s stock after acquiring an additional 285 shares during the period. Silver Oak Securities Incorporated’s holdings in KLA were worth $1,047,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Swedbank AB grew its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares in the last quarter. Community Financial Services Group LLC raised its position in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after buying an additional 6,279 shares during the period. Eastern Bank lifted its stake in KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV boosted its position in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KLAC. Stifel Nicolaus upped their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

Shares of KLA stock opened at $761.82 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $682.77 and a 200-day simple moving average of $716.21. The stock has a market capitalization of $101.90 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a 1-year low of $598.68 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts expect that KLA Co. will post 30.8 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.