Highline Wealth Partners LLC Purchases New Position in KLA Co. (NASDAQ:KLAC)

Highline Wealth Partners LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 78 shares of the semiconductor company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of KLA by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after buying an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of KLA by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after buying an additional 71,289 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after buying an additional 21,412 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of KLA by 7.9% in the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock worth $917,970,000 after buying an additional 81,335 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock worth $14,532,193 over the last 90 days. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on KLAC shares. Susquehanna dropped their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Citigroup lowered their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. UBS Group lowered their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Stifel Nicolaus increased their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, TD Cowen increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $804.57.

KLA Price Performance

KLAC stock opened at $691.80 on Thursday. KLA Co. has a 52 week low of $453.50 and a 52 week high of $896.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a fifty day simple moving average of $749.77 and a two-hundred day simple moving average of $763.63. The firm has a market capitalization of $93.14 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27.

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.