Central Bank & Trust Co. Trims Holdings in KLA Co. (NASDAQ:KLAC)

Central Bank & Trust Co. decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,938 shares of the semiconductor company’s stock after selling 103 shares during the period. Central Bank & Trust Co.’s holdings in KLA were worth $2,275,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KLAC. Cedar Wealth Management LLC increased its holdings in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. Family Firm Inc. purchased a new stake in shares of KLA during the second quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new position in KLA during the 2nd quarter worth approximately $44,000. LRI Investments LLC purchased a new stake in shares of KLA in the 1st quarter valued at approximately $45,000. Finally, Olistico Wealth LLC acquired a new stake in shares of KLA in the 2nd quarter valued at $53,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on KLAC. JPMorgan Chase & Co. boosted their target price on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Wells Fargo & Company decreased their target price on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Citigroup dropped their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, UBS Group reduced their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Trading Down 0.9 %

NASDAQ KLAC opened at $663.37 on Tuesday. KLA Co. has a 12 month low of $495.10 and a 12 month high of $896.32. The company has a 50-day moving average of $741.44 and a 200-day moving average of $764.25. The company has a market cap of $88.73 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.41 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.74 earnings per share. As a group, equities analysts predict that KLA Co. will post 30.91 earnings per share for the current 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.