By otakuyassine3@gmail.com 
Robocap Asset Management Ltd trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,828 shares of the semiconductor company’s stock after selling 1,684 shares during the quarter. KLA accounts for approximately 3.3% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 15th largest holding. Robocap Asset Management Ltd’s holdings in KLA were worth $4,933,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC grew 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 worth $234,168,000 after purchasing an additional 301,987 shares in the last quarter. Van ECK Associates Corp increased its holdings in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the period. Assenagon Asset Management S.A. raised its position in KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after purchasing an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after buying an additional 226,100 shares during the period. 86.65% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.
Get Our Latest Stock Report on KLAC
KLA Trading Down 1.9 %
Shares of NASDAQ:KLAC opened at $747.70 on Friday. KLA Co. has a 52-week low of $608.16 and a 52-week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $99.36 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 1.54 and a beta of 1.28. The business has a 50-day moving average price of $685.36 and a 200-day moving average price of $716.53.
KLA (NASDAQ:KLAC – Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that KLA Co. will post 31.59 EPS 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.
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