D Orazio & Associates Inc. Reduces Stake in KLA Co. (NASDAQ:KLAC)

D Orazio & Associates Inc. cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 494 shares of the semiconductor company’s stock after selling 46 shares during the quarter. D Orazio & Associates Inc.’s holdings in KLA were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB raised its holdings in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its position in KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the period. Community Financial Services Group LLC raised its stake in shares of KLA by 538.5% during the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank lifted its holdings in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after buying an additional 23,747 shares during the period. Finally, ING Groep NV boosted its stake in shares of KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after buying an additional 27,436 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Down 1.9 %

Shares of KLAC stock opened at $747.70 on Friday. KLA Co. has a fifty-two week low of $608.16 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock’s fifty day moving average is $685.36 and its two-hundred day moving average is $716.53. The firm has a market capitalization of $99.36 billion, a P/E ratio of 31.44, a PEG ratio of 1.54 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, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays lifted their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 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, February 3rd. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target 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.