Yousif Capital Management LLC Sells 2,448 Shares of KLA Co. (NASDAQ:KLAC)

Yousif Capital Management LLC trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,288 shares of the semiconductor company’s stock after selling 2,448 shares during the quarter. Yousif Capital Management LLC’s holdings in KLA were worth $10,894,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KLAC. Swedbank AB raised its stake in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of KLA by 22.7% in the fourth 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 period. Community Financial Services Group LLC lifted its stake in shares of KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank boosted its holdings in shares of KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after buying an additional 23,747 shares during the period. Finally, ING Groep NV grew its stake in KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after buying an additional 27,436 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Price Performance

Shares of KLAC stock opened at $759.15 on Thursday. The stock’s fifty day simple moving average is $680.23 and its 200 day simple moving average is $715.91. KLA Co. has a one year low of $595.86 and a one year high of $896.32. The firm has a market cap of $100.88 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. On average, analysts expect that KLA Co. will post 30.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on KLAC. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Morgan Stanley upped their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.