Newbridge Financial Services Group Inc. Has $37,000 Stake in KLA Co. (NASDAQ:KLAC)

Newbridge Financial Services Group Inc. decreased its stake in shares of KLA Co. (NASDAQ:KLAC) by 94.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 58 shares of the semiconductor company’s stock after selling 1,010 shares during the period. Newbridge Financial Services Group Inc.’s holdings in KLA were worth $37,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Swedbank AB increased its holdings in shares of 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 acquiring an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after acquiring an additional 120 shares during the last quarter. Community Financial Services Group LLC increased its holdings in shares of KLA by 538.5% during the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank increased its holdings in shares of KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares during the last quarter. Finally, ING Groep NV boosted its stake in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Susquehanna increased their target price 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 increased their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Up 1.0 %

KLAC stock opened at $758.62 on Wednesday. The business has a fifty day moving average price of $689.08 and a 200 day moving average price of $715.10. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The stock has a market capitalization of $100.81 billion, a price-to-earnings 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 current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last released its earnings results 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 expect that KLA Co. will post 31.59 EPS for the current fiscal 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.