Valley Brook Capital Group Inc. Acquires 80 Shares of KLA Co. (NASDAQ:KLAC)

Valley Brook Capital Group Inc. raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 998 shares of the semiconductor company’s stock after acquiring an additional 80 shares during the period. Valley Brook Capital Group Inc.’s holdings in KLA were worth $773,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in shares of KLA during the 2nd quarter valued at $30,000. Cedar Wealth Management LLC raised its position in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in KLA during the second quarter worth about $44,000. LRI Investments LLC purchased a new position in shares of KLA in the 1st quarter worth about $46,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA during the 2nd quarter valued at about $53,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 1.7 %

KLAC stock traded up $11.49 during midday trading on Thursday, hitting $681.15. The stock had a trading volume of 62,909 shares, compared to its average volume of 945,849. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The firm has a market cap of $91.11 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The business has a 50-day moving average of $735.90 and a two-hundred day moving average of $763.89. KLA Co. has a 52-week low of $504.66 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last released its 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. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $5.74 EPS. The company’s revenue was up 18.5% compared to the same quarter last year. As a group, equities research analysts forecast that KLA Co. will post 30.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KLAC. Citigroup dropped their target price on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price 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. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $802.90.

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.