KLA Co. (NASDAQ:KLAC) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its position in KLA Co. (NASDAQ:KLAC) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,850 shares of the semiconductor company’s stock after selling 1,836 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in KLA were worth $4,316,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Visionary Horizons LLC grew its position in shares of KLA by 10.0% during the fourth quarter. Visionary Horizons LLC now owns 848 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 77 shares during the last quarter. Entropy Technologies LP acquired a new stake in KLA during the 4th quarter worth $10,157,000. Empowered Funds LLC grew its position in KLA by 7.1% during the 4th quarter. Empowered Funds LLC now owns 13,231 shares of the semiconductor company’s stock worth $8,337,000 after purchasing an additional 874 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in KLA by 3.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 19,268 shares of the semiconductor company’s stock worth $12,141,000 after purchasing an additional 654 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in KLA by 9.5% in the fourth quarter. Apollon Wealth Management LLC now owns 4,715 shares of the semiconductor company’s stock valued at $2,971,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.5 %

KLAC opened at $751.46 on Tuesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a market cap of $99.86 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.54 and a beta of 1.28. The business’s fifty day moving average is $687.38 and its two-hundred day moving average is $715.18. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last released 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%. Analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KLAC shares. TD Cowen lowered their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Susquehanna upped their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, 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.