Meadow Creek Wealth Advisors LLC Sells 33 Shares of KLA Co. (NASDAQ:KLAC)

Meadow Creek Wealth Advisors LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 467 shares of the semiconductor company’s stock after selling 33 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in KLA were worth $294,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Algert Global LLC bought a new stake in KLA during the second quarter valued at about $239,000. Czech National Bank boosted its stake in KLA by 6.7% during the 3rd quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after purchasing an additional 1,726 shares during the period. Miracle Mile Advisors LLC grew its holdings in KLA by 5.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 17 shares during the last quarter. Alpha Cubed Investments LLC increased its position in KLA by 9.9% in the 3rd quarter. Alpha Cubed Investments LLC now owns 796 shares of the semiconductor company’s stock worth $616,000 after buying an additional 72 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of KLA by 36.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,146 shares of the semiconductor company’s stock worth $2,436,000 after buying an additional 844 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Trading Up 1.3 %

Shares of KLAC stock opened at $759.15 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $100.88 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 12-month low of $595.86 and a 12-month high of $896.32. The firm has a 50-day moving average price of $680.23 and a 200 day moving average price of $715.91.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Research analysts forecast that KLA Co. will post 30.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and a consensus 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.