Yousif Capital Management LLC Sells 2,448 Shares of KLA Co. (NASDAQ:KLAC)

Yousif Capital Management LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,288 shares of the semiconductor company’s stock after selling 2,448 shares during the quarter. Yousif Capital Management LLC’s holdings in KLA were worth $10,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the third quarter worth approximately $29,000. Groupama Asset Managment boosted its position in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the 3rd quarter valued at $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA during the third quarter worth $53,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA during the third quarter valued at $56,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KLAC shares. Barclays lifted their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group upped their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna lifted their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $759.15 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock has a 50 day moving average price of $680.23 and a 200 day moving average price of $715.91. The stock has a market capitalization of $100.88 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a 52 week low of $595.86 and a 52 week high of $896.32.

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

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.