Great Lakes Retirement Inc. Sells 199 Shares of KLA Co. (NASDAQ:KLAC)

Great Lakes Retirement Inc. decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,522 shares of the semiconductor company’s stock after selling 199 shares during the quarter. Great Lakes Retirement Inc.’s holdings in KLA were worth $2,849,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC boosted its holdings in shares of KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. grew its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares in the last quarter. Finally, Ascent Wealth Partners LLC increased its stake in KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.0 %

Shares of KLAC opened at $758.62 on Wednesday. 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 stock has a market capitalization of $100.81 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.54 and a beta of 1.28. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The stock has a fifty day moving average of $689.08 and a 200-day moving average of $715.10.

KLA (NASDAQ:KLAC) last posted its earnings results 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%. As a group, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KLAC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Morgan Stanley upped their price target 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. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

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.