Beese Fulmer Investment Management Inc. Sells 2,390 Shares of KLA Co. (NASDAQ:KLAC)

Beese Fulmer Investment Management Inc. cut its stake in KLA Co. (NASDAQ:KLAC) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,799 shares of the semiconductor company’s stock after selling 2,390 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in KLA were worth $10,585,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mizuho Securities USA LLC increased its stake in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. International Assets Investment Management LLC raised its holdings in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of research reports. 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. Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. TD Cowen lowered 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. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Up 0.4 %

Shares of NASDAQ:KLAC opened at $761.82 on Friday. 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 company has a market capitalization of $101.90 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.28. The business has a 50-day moving average price of $682.77 and a 200 day moving average price of $716.21. KLA Co. has a 12-month low of $598.68 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Sell-side analysts expect that KLA Co. will post 30.8 EPS for the current year.

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.