Great Lakes Retirement Inc. Has $2.85 Million Holdings in KLA Co. (NASDAQ:KLAC)

Great Lakes Retirement Inc. trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mizuho Securities USA LLC lifted its position in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of 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 valued at $234,168,000 after acquiring an additional 301,987 shares in the last quarter. Van ECK Associates Corp increased its position in shares of KLA by 25.7% during the third 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 last quarter. Assenagon Asset Management S.A. lifted its holdings in KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP boosted its position in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 1.0 %

Shares of KLAC stock opened at $758.62 on Wednesday. The stock’s fifty day moving average price is $689.08 and its 200 day moving average price is $715.10. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a market cap of $100.81 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth 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 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 expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KLAC shares. TD Cowen reduced their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald lifted their price objective 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. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $831.68.

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.