Cigna Investments Inc. New Sells 18 Shares of KLA Co. (NASDAQ:KLAC)

Cigna Investments Inc. New cut its position in KLA Co. (NASDAQ:KLAC) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,379 shares of the semiconductor company’s stock after selling 18 shares during the period. Cigna Investments Inc. New’s holdings in KLA were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the third quarter valued at $29,000. Groupama Asset Managment raised its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of KLA during the 3rd quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of KLA during the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of KLA during the 4th quarter valued at $47,000. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on KLAC shares. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group boosted their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. TD Cowen reduced their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Up 0.5 %

NASDAQ KLAC opened at $751.46 on Tuesday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. 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 50-day moving average of $687.38 and a 200-day moving average of $715.18. The firm has a market cap of $99.86 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current 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.