KLA Co. (NASDAQ:KLAC) Holdings Cut by Angeles Wealth Management LLC

Angeles Wealth Management LLC reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 27.7% during the 4th quarter, HoldingsChannel reports. The fund owned 349 shares of the semiconductor company’s stock after selling 134 shares during the period. Angeles Wealth Management LLC’s holdings in KLA were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its stake in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in KLA by 32,828.8% in the third 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 during the last quarter. Geode Capital Management LLC raised its position in KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares in the last quarter. Van ECK Associates Corp lifted its stake in KLA by 25.7% in 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. Finally, Alkeon Capital Management LLC grew its position in KLA by 5.5% in the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after acquiring an additional 49,470 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KLAC shares. Barclays lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC increased their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, TD Cowen reduced their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

KLAC opened at $751.46 on Tuesday. The stock’s 50 day simple moving average is $687.38 and its 200-day simple moving average is $715.18. 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 stock has a market cap of $99.86 billion, a PE ratio of 31.60, a P/E/G ratio of 1.54 and a beta of 1.28. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Company 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.