KLA Co. (NASDAQ:KLAC) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in KLA Co. (NASDAQ:KLAC) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,906 shares of the semiconductor company’s stock after selling 4,069 shares during the period. State of Alaska Department of Revenue’s holdings in KLA were worth $11,912,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the third quarter valued at approximately $29,000. Groupama Asset Managment lifted 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 worth $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of KLA during the third quarter worth $38,000. FSA Wealth Management LLC acquired a new stake in shares of KLA during the third quarter worth $53,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of KLA in the third quarter valued at $56,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of KLAC opened at $761.82 on Friday. KLA Co. has a 52-week low of $598.68 and a 52-week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The firm has a market cap of $101.90 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.28. The business’s 50 day moving average is $682.77 and its two-hundred day moving average is $716.21.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Analysts forecast that KLA Co. will post 30.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KLAC shares. Stifel Nicolaus increased 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. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Oppenheimer raised shares of 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.