Atlantic Edge Private Wealth Management LLC Sells 100 Shares of KLA Co. (NASDAQ:KLAC)

Atlantic Edge Private Wealth Management LLC reduced its position in KLA Co. (NASDAQ:KLAC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,417 shares of the semiconductor company’s stock after selling 100 shares during the quarter. KLA accounts for approximately 1.4% of Atlantic Edge Private Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Atlantic Edge Private Wealth Management LLC’s holdings in KLA were worth $4,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Swedbank AB increased its position in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the period. Diversify Advisory Services LLC increased its holdings in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the period. Community Financial Services Group LLC increased its holdings in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after buying an additional 6,279 shares during the period. Eastern Bank boosted its stake in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV lifted its stake in shares of KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after buying an additional 27,436 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Up 0.5 %

Shares of KLA stock opened at $751.46 on Tuesday. The company has a fifty day simple moving average of $687.38 and a 200-day simple moving average of $715.18. KLA Co. has a 12-month low of $609.40 and a 12-month 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. The stock has a market cap of $99.86 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their target price on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price 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.