D Orazio & Associates Inc. Sells 46 Shares of KLA Co. (NASDAQ:KLAC)

D Orazio & Associates Inc. reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 494 shares of the semiconductor company’s stock after selling 46 shares during the period. D Orazio & Associates Inc.’s holdings in KLA were worth $311,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Swedbank AB boosted its stake in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC boosted its position in KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the period. Community Financial Services Group LLC grew its stake 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 worth $5,765,000 after acquiring an additional 6,279 shares in the last quarter. Eastern Bank grew its stake in KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV increased its position 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 acquiring an additional 27,436 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of several research analyst reports. Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays increased their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $747.70 on Friday. KLA Co. has a fifty-two week low of $608.16 and a fifty-two week high of $896.32. The company has a market cap of $99.36 billion, a PE 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 business has a 50-day simple moving average of $685.36 and a two-hundred day simple moving average of $716.53.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Company 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.