Atlantic Edge Private Wealth Management LLC Sells 100 Shares of KLA Co. (NASDAQ:KLAC)

Atlantic Edge Private Wealth Management LLC decreased its position in KLA Co. (NASDAQ:KLAC) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,417 shares of the semiconductor company’s stock after selling 100 shares during the quarter. KLA makes up approximately 1.4% of Atlantic Edge Private Wealth Management LLC’s portfolio, making the stock its 16th largest position. Atlantic Edge Private Wealth Management LLC’s holdings in KLA were worth $4,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its position in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. International Assets Investment Management LLC lifted its holdings in KLA by 76,452.4% during 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 purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its holdings in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in KLA by 6,188.5% during the third 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 during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KLAC. Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Up 0.5 %

NASDAQ:KLAC opened at $751.46 on Tuesday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a 50 day simple moving average of $687.38 and a two-hundred day simple moving average of $715.18. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market cap of $99.86 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

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.