KLA Co. (NASDAQ:KLAC) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its stake in KLA Co. (NASDAQ:KLAC) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,397 shares of the semiconductor company’s stock after selling 73 shares during the quarter. Kingsview Wealth Management LLC’s holdings in KLA were worth $2,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after purchasing an additional 145,317 shares during the period. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its holdings in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after acquiring an additional 93,743 shares in the last quarter. Van ECK Associates Corp raised its position in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC raised its position in KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after acquiring an additional 49,470 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 1.9 %

Shares of KLAC opened at $747.70 on Monday. The company’s 50-day moving average price is $687.38 and its 200 day moving average price is $715.46. KLA Co. has a 12-month low of $608.16 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 firm has a market cap of $99.36 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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, sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KLAC. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

About KLA

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.