Apollon Wealth Management LLC Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

Apollon Wealth Management LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 4,715 shares of the semiconductor company’s stock after buying an additional 408 shares during the period. Apollon Wealth Management LLC’s holdings in KLA were worth $2,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Swedbank AB raised its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its position in KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 120 shares during the last quarter. Community Financial Services Group LLC raised its holdings in KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank lifted its holdings in shares of KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after purchasing an additional 23,747 shares in the last quarter. Finally, ING Groep NV grew its position in KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald boosted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley increased their price objective on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Price Performance

KLAC stock opened at $747.70 on Monday. 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 company has a market cap of $99.36 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 1.54 and a beta of 1.28. KLA Co. has a 12-month low of $608.16 and a 12-month high of $896.32. The firm has a 50 day moving average of $687.38 and a 200-day moving average of $715.46.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal 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.