Bleakley Financial Group LLC Has $4.24 Million Holdings in KLA Co. (NASDAQ:KLAC)

Bleakley Financial Group LLC lessened its stake in KLA Co. (NASDAQ:KLAC) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,724 shares of the semiconductor company’s stock after selling 1,808 shares during the quarter. Bleakley Financial Group LLC’s holdings in KLA were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in shares of KLA in the 2nd quarter valued at about $239,000. Miracle Mile Advisors LLC boosted its stake in shares of KLA by 5.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 17 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of KLA by 36.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,146 shares of the semiconductor company’s stock valued at $2,436,000 after purchasing an additional 844 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of KLA by 27.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 913 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 194 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of KLA by 24.5% in the 3rd quarter. CWM LLC now owns 3,700 shares of the semiconductor company’s stock valued at $2,865,000 after purchasing an additional 729 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

NASDAQ KLAC opened at $761.82 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 12-month low of $598.68 and a 12-month high of $896.32. The company has a market capitalization of $101.90 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The firm’s 50 day moving average is $682.77 and its 200-day moving average is $716.21.

KLA (NASDAQ:KLAC) last issued its earnings results 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 net margin of 29.58% and a return on equity of 108.60%. Equities research analysts anticipate that KLA Co. will post 30.8 earnings per share for the current fiscal year.

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.