Pathway Financial Advisers LLC Cuts Position in KLA Co. (NASDAQ:KLAC)

Pathway Financial Advisers LLC cut its stake in KLA Co. (NASDAQ:KLAC) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,379 shares of the semiconductor company’s stock after selling 87 shares during the quarter. Pathway Financial Advisers LLC’s holdings in KLA were worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Highview Capital Management LLC DE increased its holdings in shares of KLA by 3.3% in the 3rd quarter. Highview Capital Management LLC DE now owns 1,550 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 50 shares during the period. Fidelis Capital Partners LLC boosted its position in shares of KLA by 46.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,076 shares of the semiconductor company’s stock worth $2,382,000 after purchasing an additional 980 shares in the last quarter. Davidson Capital Management Inc. boosted its position in shares of KLA by 3.2% in the 3rd quarter. Davidson Capital Management Inc. now owns 4,103 shares of the semiconductor company’s stock worth $3,178,000 after purchasing an additional 129 shares in the last quarter. Gibraltar Capital Management Inc. acquired a new stake in shares of KLA in the 3rd quarter worth $387,000. Finally, China Universal Asset Management Co. Ltd. boosted its position in shares of KLA by 11.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 9,385 shares of the semiconductor company’s stock worth $7,268,000 after purchasing an additional 995 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KLAC shares. Barclays raised their price objective on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI raised their price objective on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TD Cowen lifted their price target on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Oppenheimer initiated coverage on KLA in a research report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insiders Place Their Bets

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,873 shares of company stock worth $14,532,193. Corporate insiders own 0.12% of the company’s stock.

KLA Price Performance

NASDAQ:KLAC opened at $691.80 on Thursday. KLA Co. has a 12 month low of $453.50 and a 12 month high of $896.32. The stock has a 50 day moving average of $749.77 and a two-hundred day moving average of $763.63. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm has a market cap of $93.14 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27.

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.