Choreo LLC Lowers Stock Holdings in KLA Co. (NASDAQ:KLAC)

Choreo LLC lessened its holdings in KLA Co. (NASDAQ:KLAC) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,579 shares of the semiconductor company’s stock after selling 142 shares during the period. Choreo LLC’s holdings in KLA were worth $4,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Swedbank AB raised its stake in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC raised its position in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the last quarter. Community Financial Services Group LLC lifted its holdings in shares of KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after buying an additional 6,279 shares in the last quarter. Eastern Bank boosted its position in shares of KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares during the last quarter. Finally, ING Groep NV grew its stake in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after acquiring an additional 27,436 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KLAC. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald increased their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Barclays boosted their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

KLAC opened at $759.15 on Thursday. 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 business has a fifty day moving average of $680.23 and a 200 day moving average of $715.91. KLA Co. has a 52-week low of $595.86 and a 52-week high of $896.32. The stock has a market cap of $100.88 billion, a P/E ratio of 31.92, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. As a group, sell-side analysts anticipate that KLA Co. will post 30.8 EPS for the current 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.