Bleakley Financial Group LLC Has $4.24 Million Stake in KLA Co. (NASDAQ:KLAC)

Bleakley Financial Group LLC reduced its stake in KLA Co. (NASDAQ:KLAC) by 21.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,724 shares of the semiconductor company’s stock after selling 1,808 shares during the period. Bleakley Financial Group LLC’s holdings in KLA were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the third quarter valued at $29,000. Groupama Asset Managment increased its holdings in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of KLA in the third quarter valued at $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA in the third quarter valued at $53,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA in the third quarter valued at $56,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Seven 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 stock currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Up 0.4 %

KLAC opened at $761.82 on Friday. The company’s 50 day moving average is $682.77 and its 200-day moving average is $716.21. KLA Co. has a 1-year low of $598.68 and a 1-year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market cap of $101.90 billion, a P/E ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Equities research analysts predict that KLA Co. will post 30.8 earnings per share for the current fiscal year.

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.