Choreo LLC cut its holdings in KLA Co. (NASDAQ:KLAC – Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,579 shares of the semiconductor company’s stock after selling 142 shares during the quarter. Choreo LLC’s holdings in KLA were worth $4,157,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in KLA in the third quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in shares of KLA in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new stake in shares of KLA in the 3rd quarter worth approximately $53,000. Peterson Financial Group Inc. bought a new position in KLA during the 3rd quarter valued at approximately $56,000. Finally, Prospera Private Wealth LLC purchased a new position in KLA during the third quarter valued at $58,000. 86.65% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on KLAC. Needham & Company LLC increased their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Morgan Stanley upped their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $831.68.
KLA Stock Up 1.3 %
KLAC opened at $759.15 on Thursday. The firm’s 50 day simple moving average is $680.23 and its two-hundred day simple moving average is $715.91. The company has a market capitalization of $100.88 billion, a PE ratio of 31.92, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a 1-year low of $595.86 and a 1-year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.
KLA (NASDAQ:KLAC – Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate 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, equities analysts forecast that KLA Co. will post 30.8 EPS 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.
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