Integrated Advisors Network LLC Cuts Stake in KLA Co. (NASDAQ:KLAC)

Integrated Advisors Network LLC cut its stake in KLA Co. (NASDAQ:KLAC) by 38.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,493 shares of the semiconductor company’s stock after selling 949 shares during the quarter. Integrated Advisors Network LLC’s holdings in KLA were worth $1,156,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capital Market Strategies LLC raised its position in KLA by 1.6% in the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC grew its stake in shares of KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares in the last quarter. HBW Advisory Services LLC grew its stake in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 14 shares in the last quarter. TIAA Trust National Association grew its stake in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after acquiring an additional 14 shares in the last quarter. Finally, United Community Bank grew its stake in shares of KLA by 4.0% during the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 15 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of 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 market cap of $93.14 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.69 and a beta of 1.27. The stock’s 50 day moving average price is $749.77 and its 200 day moving average price is $763.63. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

Analyst Upgrades and Downgrades

KLAC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Argus lifted their price target on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. TD Cowen raised their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, UBS Group cut their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $804.57.

Insider Buying and Selling

In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA 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 completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock valued at $14,532,193 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

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.