Hartford Investment Management Co. Sells 193 Shares of KLA Co. (NASDAQ:KLAC)

Hartford Investment Management Co. trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,268 shares of the semiconductor company’s stock after selling 193 shares during the quarter. Hartford Investment Management Co.’s holdings in KLA were worth $5,210,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB boosted its position in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares in the last quarter. Community Financial Services Group LLC boosted its position in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares in the last quarter. Eastern Bank boosted its position in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

Shares of KLA stock opened at $758.62 on Wednesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The stock’s fifty day moving average is $689.08 and its 200 day moving average is $715.10. The stock has a market cap of $100.81 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.54 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 EPS 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%. Sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

Analysts Set New Price Targets

KLAC has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.