Geneva Partners LLC Has $2.25 Million Position in KLA Co. (NASDAQ:KLAC)

Geneva Partners LLC trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,577 shares of the semiconductor company’s stock after selling 2,213 shares during the quarter. Geneva Partners LLC’s holdings in KLA were worth $2,254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KLAC. Mizuho Securities USA LLC raised its stake in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the last quarter. International Assets Investment Management LLC increased its holdings in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after purchasing an additional 301,987 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KLAC. The Goldman Sachs Group raised their price target 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. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Morgan Stanley increased their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, 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 report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

NASDAQ KLAC opened at $759.15 on Thursday. The business has a 50 day simple moving average of $680.23 and a two-hundred day simple moving average of $715.91. KLA Co. has a 1-year low of $595.86 and a 1-year 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 market capitalization of $101.54 billion, a PE ratio of 31.92, a P/E/G ratio of 1.57 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 for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts predict that KLA Co. will post 30.8 EPS for the current fiscal year.

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.