Central Bank & Trust Co. Sells 103 Shares of KLA Co. (NASDAQ:KLAC)

Central Bank & Trust Co. lowered its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the semiconductor company’s stock after selling 103 shares during the quarter. Central Bank & Trust Co.’s holdings in KLA were worth $2,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KLAC. Swedbank AB bought a new stake in shares of KLA during the 1st quarter worth approximately $379,678,000. International Assets Investment Management LLC grew its holdings in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp increased its stake in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the period. Assenagon Asset Management S.A. lifted its holdings in KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after buying an additional 235,597 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in KLA by 2,205.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after buying an additional 192,849 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KLAC has been the topic of several research reports. Stifel Nicolaus raised their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Argus increased their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI upped their price target on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Barclays cut their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Price Performance

KLA stock opened at $663.37 on Tuesday. The company has a fifty day simple moving average of $741.44 and a 200-day simple moving average of $764.25. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $88.73 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.41 and a beta of 1.29. KLA Co. has a 52-week low of $495.10 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.74 earnings per share. On average, equities analysts anticipate that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Company 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.