Trust Point Inc. Has $500,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Trust Point Inc. cut its holdings in KLA Co. (NASDAQ:KLAC) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 793 shares of the semiconductor company’s stock after selling 52 shares during the quarter. Trust Point Inc.’s holdings in KLA were worth $500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in KLA in the third quarter valued at about $29,000. Groupama Asset Managment boosted its holdings in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP bought a new position in KLA in the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new position in KLA in the third quarter valued at about $53,000. Finally, Peterson Financial Group Inc. bought a new position in KLA in the third quarter valued at about $56,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLAC has been the topic of several recent research reports. Barclays raised their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna raised their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. TD Cowen reduced their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Up 1.3 %

Shares of KLA stock opened at $759.15 on Thursday. The business’s 50 day simple moving average is $680.23 and its 200 day simple moving average is $715.91. KLA Co. has a 52-week low of $595.86 and a 52-week high of $896.32. The firm has a market cap of $100.88 billion, a PE ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

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 return on equity of 108.60% and a net margin of 29.58%. On average, analysts predict that KLA Co. will post 30.8 earnings per share for the current fiscal year.

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.