Values First Advisors Inc. Sells 189 Shares of KLA Co. (NASDAQ:KLAC)

Values First Advisors Inc. lowered its holdings in KLA Co. (NASDAQ:KLAC) by 43.2% in the 4th quarter, Holdings Channel reports. The firm owned 249 shares of the semiconductor company’s stock after selling 189 shares during the period. Values First Advisors Inc.’s holdings in KLA were worth $157,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KLAC. Legacy Investment Solutions LLC purchased a new position in KLA in the 3rd quarter worth about $29,000. Groupama Asset Managment grew its stake 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 worth $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of KLA during the third quarter valued at approximately $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA during the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in KLA in the fourth quarter worth approximately $47,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 1.1 %

Shares of KLA stock opened at $750.55 on Thursday. KLA Co. has a fifty-two week low of $609.40 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 company has a market capitalization of $99.74 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a fifty day moving average of $690.94 and a 200 day moving average of $714.89.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KLAC. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Oppenheimer raised 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 report on Thursday, October 31st. Finally, Morgan Stanley raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.