Golden State Equity Partners Has $213,000 Holdings in KLA Co. (NASDAQ:KLAC)

Golden State Equity Partners trimmed its position in KLA Co. (NASDAQ:KLAC) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275 shares of the semiconductor company’s stock after selling 17 shares during the quarter. Golden State Equity Partners’ holdings in KLA were worth $213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB bought a new stake in KLA in the 1st quarter valued at $379,678,000. International Assets Investment Management LLC increased its stake in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares during the period. Assenagon Asset Management S.A. raised its position in KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after purchasing an additional 192,849 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in KLA by 136.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after purchasing an additional 178,474 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated 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 transaction, 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 available through this hyperlink. In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by company insiders.

KLA Stock Down 3.7 %

Shares of NASDAQ:KLAC opened at $666.23 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The stock has a market cap of $89.26 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.69 and a beta of 1.27. The company has a 50 day moving average of $747.12 and a 200-day moving average of $762.96. KLA Co. has a one year low of $453.50 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.74 EPS. On average, sell-side analysts forecast that KLA Co. will post 29.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KLAC shares. Evercore ISI increased their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Barclays lowered their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday. TD Cowen cut their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday. Finally, Citigroup reduced their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $802.90.

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.