KLA Co. (NASDAQ:KLAC) Shares Sold by abrdn plc

abrdn plc trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,452 shares of the semiconductor company’s stock after selling 4,144 shares during the quarter. abrdn plc’s holdings in KLA were worth $39,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Algert Global LLC acquired a new position in KLA during the second quarter valued at approximately $239,000. Czech National Bank raised its stake in shares of KLA by 6.7% during the third quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after purchasing an additional 1,726 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of KLA by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 17 shares during the period. Alpha Cubed Investments LLC raised its stake in shares of KLA by 9.9% during the third quarter. Alpha Cubed Investments LLC now owns 796 shares of the semiconductor company’s stock valued at $616,000 after purchasing an additional 72 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of KLA by 36.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,146 shares of the semiconductor company’s stock valued at $2,436,000 after purchasing an additional 844 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, UBS Group lifted their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Up 1.3 %

KLAC stock opened at $759.15 on Thursday. KLA Co. has a 1-year low of $595.86 and a 1-year high of $896.32. The firm has a market cap of $100.88 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.57 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. The firm has a fifty day moving average price of $680.23 and a two-hundred day moving average price of $715.91.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts predict 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.