OneAscent Financial Services LLC Takes $381,000 Position in KLA Co. (NASDAQ:KLAC)


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OneAscent Financial Services LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,471 shares of the semiconductor company’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fulton Bank N.A. increased its stake in shares of KLA by 4.5% in the 4th quarter. Fulton Bank N.A. now owns 21,555 shares of the semiconductor company’s stock valued at $5,581,000 after purchasing an additional 926 shares during the last quarter. Cibc World Markets Corp lifted its holdings in KLA by 29.1% during the 3rd quarter. Cibc World Markets Corp now owns 50,456 shares of the semiconductor company’s stock worth $9,775,000 after buying an additional 11,385 shares during the period. First Allied Advisory Services Inc. raised its position in shares of KLA by 68.3% in the 3rd quarter. First Allied Advisory Services Inc. now owns 1,939 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 787 shares in the last quarter. AXA S.A. raised its position in shares of KLA by 134.7% in the 3rd quarter. AXA S.A. now owns 66,713 shares of the semiconductor company’s stock worth $12,925,000 after acquiring an additional 38,284 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of KLA by 5.9% in the 3rd quarter. IFP Advisors Inc now owns 6,475 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.

KLAC opened at $290.10 on Thursday. The stock has a market cap of $44.81 billion, a PE ratio of 35.29, a P/E/G ratio of 1.78 and a beta of 1.26. The company has a quick ratio of 1.92, a current ratio of 2.72 and a debt-to-equity ratio of 1.24. KLA Co. has a 52 week low of $110.19 and a 52 week high of $296.30. The business’s fifty day simple moving average is $262.29 and its 200 day simple moving average is $218.23.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 28th. The semiconductor company reported $3.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.77 by $0.26. KLA had a return on equity of 65.49% and a net margin of 21.76%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $2.48 earnings per share. As a group, equities analysts anticipate that KLA Co. will post 12.5 earnings per share for the current year.

A number of analysts recently commented on KLAC shares. Argus boosted their target price on KLA from $235.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $205.00 to $250.00 in a report on Thursday, December 17th. Stifel Nicolaus upgraded KLA from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Sunday, September 20th. BidaskClub downgraded KLA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 23rd. Finally, Morgan Stanley boosted their target price on KLA from $224.00 to $263.00 and gave the stock an “equal weight” rating in a research note on Monday, December 14th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $233.63.

In other KLA news, insider Ahmad A. Khan sold 3,415 shares of the company’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $236.13, for a total transaction of $806,383.95. Following the completion of the sale, the insider now directly owns 959 shares in the company, valued at $226,448.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

KLA Company Profile

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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