Quotient Wealth Partners LLC Has $535,000 Position in KLA Co. (NASDAQ:KLAC)

Quotient Wealth Partners LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 849 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Quotient Wealth Partners LLC’s holdings in KLA were worth $535,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Geode Capital Management LLC lifted its position in shares of KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC grew its position in KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after purchasing an additional 49,470 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Down 1.9 %

KLAC stock opened at $747.70 on Monday. 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 Co. has a one year low of $608.16 and a one year high of $896.32. The company’s 50 day moving average price is $687.38 and its two-hundred day moving average price is $715.46. The company has a market capitalization of $99.36 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

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%. As a group, analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KLAC has been the topic of several analyst reports. TD Cowen lowered their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group upped their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC raised their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven 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.com, the company has an average rating of “Moderate Buy” and an average price target of $831.68.

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.