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

Kingsview Wealth Management LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund 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 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth $29,000. Groupama Asset Managment increased its stake in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in KLA in the third quarter valued at approximately $38,000. Ameliora Wealth Management Ltd. purchased a new position in KLA in the fourth quarter worth approximately $47,000. Finally, FSA Wealth Management LLC acquired a new position in KLA during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $747.70 on Monday. KLA Co. has a 1 year low of $608.16 and a 1 year high of $896.32. The stock has a market capitalization of $99.36 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company’s fifty day moving average is $687.38 and its two-hundred day moving average is $715.46.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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 predict that KLA Co. will post 31.59 earnings per share for the current year.

Analyst Ratings Changes

KLAC has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Susquehanna upped their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target 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.