Kestra Private Wealth Services LLC Trims Stock Holdings in KLA Co. (NASDAQ:KLAC)

Kestra Private Wealth Services LLC lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 21.1% in the fourth quarter, HoldingsChannel reports. 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 reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its stake in KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. Community Financial Services Group LLC raised its holdings in KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank lifted its stake in shares of KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the period. Finally, ING Groep NV boosted its holdings in shares of KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $751.46 on Tuesday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The stock has a fifty day moving average price of $687.38 and a 200 day moving average price of $715.18. The company has a market cap of $99.86 billion, a P/E ratio of 31.60, a PEG ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

Wall Street Analyst Weigh In

KLAC has been the subject of several analyst reports. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company 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. According to data from MarketBeat.com, the stock currently 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.