KLA Co. (NASDAQ:KLAC) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 38.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,493 shares of the semiconductor company’s stock after selling 949 shares during the period. Integrated Advisors Network LLC’s holdings in KLA were worth $1,156,000 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 KLAC. Vanguard Group Inc. raised its stake in KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after acquiring an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares during the last quarter. Legal & General Group Plc raised its stake in KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in KLA by 7.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after acquiring an additional 81,335 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Susquehanna reduced their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their target price on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Stifel Nicolaus boosted their target price on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group boosted their target price on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $804.57.

Insiders Place Their Bets

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock valued at $14,532,193 in the last quarter. 0.12% of the stock is currently owned by company insiders.

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.