KLA Co. (NASDAQ:KLAC) Position Cut by Angeles Wealth Management LLC

Angeles Wealth Management LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 27.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 349 shares of the semiconductor company’s stock after selling 134 shares during the period. Angeles Wealth Management LLC’s holdings in KLA were worth $220,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in KLA during the 4th quarter valued at about $43,000. Visionary Horizons LLC raised its holdings in shares of KLA by 10.0% during the fourth quarter. Visionary Horizons LLC now owns 848 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 77 shares during the last quarter. Entropy Technologies LP bought a new position in KLA in the 4th quarter worth approximately $10,157,000. Empowered Funds LLC increased its position in KLA by 7.1% in the 4th quarter. Empowered Funds LLC now owns 13,231 shares of the semiconductor company’s stock valued at $8,337,000 after acquiring an additional 874 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake 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 valued at $12,141,000 after acquiring an additional 654 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 0.5 %

KLAC stock opened at $751.46 on Tuesday. The company’s 50 day simple moving average is $687.38 and its 200-day simple moving average is $715.18. KLA Co. has a 52-week low of $609.40 and a 52-week 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 firm has a market capitalization of $99.86 billion, a P/E ratio of 31.60, a P/E/G ratio of 1.54 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KLAC. Cantor Fitzgerald raised their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note 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 company currently has an average rating of “Moderate Buy” and a consensus target price 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.