Pathway Financial Advisers LLC Trims Stock Holdings in KLA Co. (NASDAQ:KLAC)

Pathway Financial Advisers LLC decreased its stake in KLA Co. (NASDAQ:KLAC) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,379 shares of the semiconductor company’s stock after selling 87 shares during the quarter. Pathway Financial Advisers LLC’s holdings in KLA were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in shares of KLA in the second quarter worth about $30,000. Cedar Wealth Management LLC boosted its stake in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of KLA in the second quarter worth about $44,000. LRI Investments LLC bought a new position in shares of KLA in the first quarter worth about $46,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA in the second quarter worth about $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. upped their price objective on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company dropped their price target on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Finally, Evercore ISI increased their price target on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $804.57.

Insider Transactions at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the transaction, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by company insiders.

KLA Trading Down 0.6 %

Shares of NASDAQ KLAC opened at $691.80 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The business’s 50 day moving average price is $749.77 and its 200-day moving average price is $763.63. KLA Co. has a fifty-two week low of $453.50 and a fifty-two week high of $896.32. The company has a market cap of $93.14 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.69 and a beta of 1.27.

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.