F M Investments LLC Trims Stake in KLA Co. (NASDAQ:KLAC)

F M Investments LLC lowered its holdings in KLA Co. (NASDAQ:KLAC) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the semiconductor company’s stock after selling 59 shares during the period. F M Investments LLC’s holdings in KLA were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Capital Market Strategies LLC lifted its position in KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 14 shares during the last quarter. TIAA Trust National Association grew its holdings in shares of KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 14 shares during the last quarter. Finally, United Community Bank raised its position in KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 15 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Up 0.5 %

Shares of NASDAQ:KLAC opened at $669.38 on Monday. The firm has a market capitalization of $89.68 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.67 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.50 and a current ratio of 2.13. The stock has a 50 day moving average price of $744.15 and a 200-day moving average price of $764.12. KLA Co. has a 52-week low of $484.33 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $5.74 EPS. As a group, equities research analysts anticipate that KLA Co. will post 29.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KLAC has been the subject of several analyst reports. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday. Barclays reduced their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their price objective on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Argus raised their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Susquehanna lowered their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $802.90.

About KLA

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.